Arizona republican., 1912-10-06

l. A IfdncnlSe record, indeXed and of 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 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. Public Utility Record for every person, persons or corporation owning or operating any public util- ity under any franchise granted by tie 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, HUH lliilo lO lIfHe, dcqulfe. All dn- 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 oh cIon in the record of the person, persons or corporation owning or controlling said franchise grant, and publish ed in the official newspaper of the l city, or printed and distributed in pamphlet form, as the Commission 1 shall deem best.
 l The provisions of this Section shall | apply to all persons or corporations operating under any franchise now in force or hereafter granted by the i city.
 Section r. Suitable books shall
 also be provided by the mayor for
 keeping account of the various sums
 of moneys paid in by persons or cor poratlons 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
 i've 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 a petition sub scribed by ten per centum of the qualified tax paying electors request ? ing that the mayor shall ascertain t whether any such property or part r 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 9 CD What, if any. probable addi- } tional outlays would be necessary to r operate the same.
 f (3) Whether, if acquired, it could : be operated by the city at a profit or advantage in quality or cost of ser g vice, stating wherein such profit or advantage consists.
 r (4) Whether, if acquired, it could be paid for out of it's net earnings l and if so within what time; and d (5) Such other information touch r ing the same as he shall have ac- P quired.
 0 Such report shall be made in writ r ing, shall include a statement of facts
 
 - tarity as will enable the Commission d to judge of the correctness of his h findings, and immediately after sub- = mission to the Commission, shall be e filed with the city clerk, recorded ir t the Public Utility Record, and pub- e lished once in the official newspapei y of the city. or printed and distributed n in pamphlet form, as the Commission = may direct and deem best
 If a petition subscribed by twenty Il five per centum of the qualified tan e paying electors of the city, requesting e that the question whether or not ths o city shall acquire said property shal e be submitted to vote of the people IT shall within sixty days after the filling j. of said report be filed with the city y clerk, the Commission shall provide e by ordinance, for the submission o IS the question to a vote of the quail h fled tax paying electors 'r (b) Every grant reserving to the ,f city the right to acquire the plant, as ,r well as the property, if any, of tho Ci cd in. on q n,