Arizona republican., 1912-09-22
books of record and reference:

u oiiSNIiOSO cue anu COlIeCl cup 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 a complete history of all franchises granted by the city and shall include a comprehensive and convenient ref erence to actions. contents or pro-
 ceedings at law, if any, affecting the same.
 2. A Public Utility Record, for every person, persons or corporation owning or operating any public util- ity under any franchise granted by the city, into which shall be trans cribed 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 spection reports, as herein provided. and such other matters of information and public interest as the mayor may. from time to time, acquire. All an, nual and inspection reports shall be
 
 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 owning 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
 apply to all persons or, corporations
 operating under any franchise now
 in force or hereafter granted by the
 city.
 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 the 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 18 No franchise shall be granted or privilege extended by the city for a period longer than twenty five years from the date of granting of such franchise or privilege, and the Commission shall provide in each and all of such franchises and grants or privileges, suitable compensation to the city for such franchise or privi- lege, to be figured and based on the 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 seem proper and for the best interest 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 of the grantee in whole or in part. The procedure to effect such pur- chase shall be as follows: When the Commission shall by resolution, direct that the mayor shall ascertain wheth- CT any such property, or part thereof, should be acquired by the city, or in the absence of such action of the Commission, when petition sub- scribed by ten per centum of the qualified tax paying electors request 1 ing that the mayor shall ascertain whether any such property or part 1 thereof should be acquired by the city. shall be filed with the city clerk, the 1 mayor shall forthwith carefully inves. tigate said property and report to the Commission:
 CD At what probable cost said property may be acquired.
 i CD What, if any, probable addi- tional outlays would be necessary to operate the same. -.---- (3) 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 l be paid for out of it's net earnings,
 and if so within what time: and | (5) Such other information touch l ing the same as he shall have ac-
 quired
 l Such report shall be made in writ 1 ing, shall include statement of facts
 in relation thereto with such particu
 larity 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 1 liShed once in the official newspaper
 of the city, or printed and distributed
 in pamphlet form, as the Commission may direct and deem best.
 | If a petition subscribed by twenty l 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 1 be submitted to a vote of the people,
 shall within sixty days after the filing 1 of said report be filed with the city 1 clerk, the Commission shall provide, 1 by ordinance, for the submission of 1 the question to a vote of the quali ! fled tax paying electors.
 1 (b) Every grant reserving to the | city the right to acquire the plant, as
 we'll as the property, if any, of the 1 grantee, situated in; on, above or
 under the public places of the city, or
 elsewhere, used in connection there
 with, shall in terms specify the meth ! cd of arriving at a valuation therein | -l,an f,r