Arizona republican., 1912-09-21
books of record and reference:

les or 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 pro- ceedings at law, if any, affecting the same
 2. A Public Utility Record, for every person., persons or corporation owning or opera ting 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 trolIed 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
 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 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 cti- zen of the city.
 Section IS. No franchise shall be i 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 1 all of such franchises and grants or i privileges, suitable compensation to
 the city for such franchise or priVi- 1 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 1 of the city.
 Section 19. (a) Every grant of 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 1 Commission shall by resolution, direct 1 that the mayor shall ascertain wheth- 1 CT any such property. or part thereof, should be acquired by the city, or in 1 the absence of such action of the 1 Commission, when petition sub- scribed by ten per centum of the qualified tax paying electors request l ing that the mayor shall ascertain whether any such property or part l 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.
 i @ What, if any, probable addi l 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.
 (D 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 ing the same as he shall have ac- l quired.
 Such report shall be made in writ ing, shall include a 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 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 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 Submssion-Or the question to a vote of the quail 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
 grantee, situated in, on, above or
 under the public places of the city, or elsewhere, used in connection there l with shall in terms specify the meth cd of arriving at a valuation therein