Arizona republican., 1912-09-24

l. A franchise 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 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 tlie 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 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 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
 
 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 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 t of the city.
 7 Section 19. (a) Every grant of a ! franchise or right shall provide that r the city may, upon the payment there r for of its fair valuation, to be made 9 as provided in the grant, purchase r and take over the property and plant r of the grantee in whole or in part.
 The procedure to effect such pur- 9 chase shall be as follows: When the : Commission shall, by resolution, direct r that the mayor shall ascertain wheth-
 CT any such property, or part thereof. l should be acquired by the city. or in the absence of such action of the { Commission, when a petition sub l scribed by ten per centum of the s qualified tax paying electors request 2 ing that the mayor shall ascertain t whether any such property or part r thereof should be acquired by the city. 9 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 2 CD What, if any. probable addi- 3 tional outlays would be necessary to r operate the same.
 fl (3) Whether, if acquired, it could : be operated by the city at d profit or f advantage in quality or cost Of ser g vice, stating wherein such profit or advantage consists.
 r (q Whether, if acquired, it could
 be paid for out of its net earnings. l and if So within what time: and l (5) Such other information touch r ing the same as he shall have ac- 2 lQuired.
 0 Such report shall be made in writ r ing, shall include a statement of facts = | III TeldtlOn thereto with such Darticu- larity as will enable the Commission 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 in t the Public Utility Record, and pub e lished once in the official newspaper 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 tax e paying electors of the city, requesting e that the question whether or not the 0 city shall acquire said property shall e be submitted to vote of the people r lShall within sixty days after the filing = of said report be filed with the city y clerk, the Commission shall provide e by ordinance, for the submission of s the question to a vote of the quali- h fled tax paying electors
 r (b) Every grant reservng to the f city the right to acquire the plant, as r well as the property, if any, of the : grantee, situated in, on, above or