Arizona republican., 1912-10-03

l. A IrdncnlSe record, lndeXed and or proper form in which shall be transcribed accurate and correct cop les or all franchises and grants by the city to any person. persons or corporation, owning or operating any pubic utility. The index of said rec ord shall give the name of the gran tee ana thereafter the name of any assignee thereof Said record shall
 be complete history of all franchises
 granted by the city and shall include comprehensive and convenient ref erence to actions, contents or pro- ceeolngs at law, If any, affecting the same.
 2. A Public Utility Record, for every person, persons or corporation owning or operating any public util- lty under any franchise granted by tLe 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 l 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 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
 Tn 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 IT. 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 IS. No franchise shall be 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 Commission shall provide in each and all of such franchises and grants or privileges, suitable compensation to
 the city for such franchise or privi-
 iege, 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 Tor or its fair valuation, to be made as provided in the grant, purchase ana 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. l |
 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- I nd | Commissions:
 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.
 r (O 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.
 (D Whether, if acquired it could
 be paid for out of it's net earnings, and if so within what time; and l C) Such other information touch- ing the same as he shall have ac- 7 quired.
 , Such report shall be made in writ ing, shall include a statement of facts in relation thereto with such particu- tarlty as will enable the Commission l to judge of the correctness of his findings, and immediately after sub mission to the Commission, shall be } Tiled with the city clerk, recorded in | the Public Utility Record, and pub } lished once in the official newspaper 7 of the city, or printed and distributed in pamphlet form, as the Commission may direct and deem best
 If petition subscribed by twenty l five per centum of the qualified tax 3 paying electors of the city, requesting ? that the question whether or not the ) city shall acquire said property shall 3 be submitted to vote of the people. r shall within sixty days after the filing of said report be filed with the city ' clerk, the Commission shall provide, 9 by ordinance, for the submission of 8 the question to a vote of the quali- l fled tax paying electors.
 r (b) Every grant reserving to the f city the right to acquire the plant, as