Arizona republican., 1912-10-05

l. A franchise record, indexed and or proper form in which shall he trahscrlped accurate and correct con- les or all franchises and grants bv the city to any person, persons or corporation, owning or operating any puplc 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 De complete history of all franchises granted by the city and shall include comprehensive and convenient ref erence to actions, contents or pro- ceedlngs at law, if any, affecting the same.
 /. A Public Utility Record for every person, persons or corporation owning or operating any public utiI- lty under any franchise granted bv tl-e city, into which shall be trans cr1bed 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 Spectlon reports, as herein provided ana such other matters of information and pubic interest as the mayor may. rom tune to time, acquire All an- nual and inspection reports shall be puDnShed once in the official neIvs paper Of the city, or printed and dis trlbuted 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 TOT, 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 apply to all persons or corporations operating under any franchise now Tn 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 or 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 1 proper city officials and by any citi- zen of the city.
 Section IS. No franchise shall ba granted or privilege extended by the city for period longer than twenty live years from the date of granting ot 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 or the property used by such grantee In connection with such franchise or 1 privilege as to the Commission shall 1 seem proper, and for the best interest i of the city
 Section 19. (a) Every grant of a franchise or right shall provide that the city may, upon the payment there TOT 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 whetb 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 scrlped by ten per centum of the qualified tax paying electors request l Ing that the mayor shall ascertain | whether any such property or part | thereof should be acquired by the city, | snail De filed with the city clerk. the 1 mayor shall forthwith carefully inves- tlgate said property and report to the Commission:
 CD At what probable cost said
 property may be acquired.
 CD What, if any, probable addi- tlonal 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
 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- quired
 Such report shall be made in writ ing, shall include statement of facts
 in relation thereto with such particu-
 tarity 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 a 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 submission of
 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 DrOparty if opu of tl,a