Arizona republican., 1912-09-30
PAGE THREE

or proper form in which shall be transcribed accurate and correct cop ies of all franchises and grants by the city to any person, persons or corporation, owning or operating any public utility. The index of said rec ord shall give the name of the gran tee and thereafter the name of any assignee thereof. Said record shall be complete history of all franchises granted by the city and shall include a comprehensive and convenient ref erence to actions, contents or pro- ceedlngs at law, if any, affecting the same.
 7. A Public Utility Record for every person, persons or corporation owning or operating any public util- lty under any franchise granted by tie city, into which shall be trans crlbed accurate and correct copies of each and every franchise granted by the city to said person, persons or corporations or which may be con- trolled or acquired by them or it, to- gether with all annual reports and in- spectlon reports, as herein provided. and such other matters of information and public interest as the mayor may. rom time to time, acquire All an- nual and inspection reports shall be published once in the official news paper of the city, or printed and dis tributed in pamphlet form, as the Commission may deem best, and in case annual reports are not filed and inspections are not made as provided, the mayor shall, in writing. report to the commission the reasons there for, which report shall be transcribed in the record of the person, persons or corporation owning or controlling said franchise grant, and publish ed in the official newspaper of the city, or printed and distributed in pamphlet form, as the Commission shall deem best
 The provisions of this Section shall l apply to all persons or corporations operating under any franchise now | in force or hereafter granted by the city.
 1 Section F. Suitable books shall also be provided by the mayor for keeping account of the various sums Of moneys paid in by persons or cor | porations in connection with fran chises or privileges granted by ths 1 city, and such books of account shall always be open for examination by | proper city officials and by any citi- zen of the city
 Section IS. No franchise shall be i granted or privilege extended by the | city for period longer than twenty five years from the date of granting of such franchise or privilege. and the 1 Commission shall provide in each and all of such franchises and grants or privileges, suitable compensation to ! the city for such franchise or priyi- 1 lege, to be figured and based on the 1 gross or net earnings, or the value | of the property used by such grantee in connection with such franchise or privilege as to the Commission shall 1 seem proper, and for the best interest I of the city.
 Section 19. (a) Every grant of a franchise or right shall provide that
 the city may, upon the payment there
 for of it's fair valuation, to be made as provided in the grant, purchase and take over the property and plant 1 of the grantee in whole or in part.
 The procedure to effect such pur- 1 chase shall be as follows: When the
 Commission shall by resolution, direct l that the mayor shall ascertain wheth-
 CT any such property, or part thereof.
 should be acquired by, the city, or in 1 the absence of such action of the Commission, when a petition sub | scribed by ten per centum of the qualified tax paying electors request ing that the mayor shall ascertain whether any such property or part thereof should be acquired by the city.
 shall be filed with the city clerk, the
 mayor shall forthwith carefully inves- tigate said property and report to the Commission:
 CD At what probable cost said property may be acquired.
 CD What, if any, probable addi- tional outlays would be necessary to operate the same.
 (S) Whether, if acquired, it could be operated by the city at a profit or advantage in quality or cost of ser
 vice, stating wherein such profit or | advantage consists (4 Whether, if acquired it could
 be paid for out of it's net earnings.
 and if so within what time; and (5) Such other information touch ing the same as he shall have ac- quired.
 Such report shall be made in writ ing, shall include statement of facts
 in relation thereto with such particu-
 tarity as will enable the Commission to judge of the correctness of his
 findings, and immediately after sub
 mission to the Commission, shall be
 filed with the city clerk recorded in
 the Public Utility Record, and pub
 llshed once in the official newspa per
 of the city, or printed and distributed
 in pamphlet form, as the Commission
 may direct and deem best
 If petition subscribed by twenty
 five per centum of the qualified tax
 paying electors of the city, requesting
 that the question whether or not the
 city shall acquire said property shall
 be submitted to a vote of the people.
 shall within sixty days after the filing
 of said report be filed with the city
 clerk, the Commission shall provide,
 by ordinance, for the submission of
 the question to a vote of the quali-
 fled tax paying electors.
 (b) Every grant reserving to the
 city the right to acquire the plant, as
 well as the property if any of the