The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1912-05-08

First-That franchise, for the
speriod of twenty (2O) years from
the date of sale hereunder, to
erect, acquire, maintain and oper-
ate water system, with all neces-
sary appurtenances, in the City OF
Mt. Sterling, Kentucky, be sold
on the 10th day of May, 1912, at
the front door of the City Hall. in
the City of Mt. Sterling, Ken
lucky, at the hour of ten (1O)
O'Clock a. m. to the highest and
best bidder, at public, cutlery,
after due advertisement as herein
provided.
Second-Said sale shall be con:
Quoted by the Mayor of the City
sof Mt. Sterling, X u C k Y {,
and shall be advertised by
publishing this ordinance for three
consecutive weeks in one of the
weekly papers published in the
City of Mt. Sterling, Kentucky.
The Mayor, at said sale, shall &C
.cept the highest and best bid made
.thereat and said bid so accepted
by the Mayor shall be reported to
the City Council of Mt. Sterling,
KY, at its next regular meeting
or meeting held for the purpose
of considering same. Said sale
shall be for cash and the success
full bidder at the time of said sale
shall deposit with the Mayor, in
form of cash, currency or certified
check, one-fourth of the amount
of his bid. Should said bid be
finally rejected, said sum so depos-
tied shall be returned to said bid
der. The City Council of Mt.
Sterling, KY, reserves the right
to accept or reject any bid so made
or reported by the Mayor and d.
rect the further advertisement OF
this ordinance for the sale of said
franchise or privilege as it may
deem advisable, until bid is f.
nally accepted and approved by
said City Council. When any bid
has been reported by the Mayor
and accepted by the City Council,
for the purpose of this franchise
or privilege hereunder, said sale
shall be deemed finally closed and
this ordinance shall then become
and be the contract by and be-
tween said City of Mt. Sterling,
KY, and the purchaser and the
said purchaser, or his assigns.
shall hold and enjoy the said fran
chise or privilege unto him or his
assigns for the term of twenty (20)
years from the date of sale, to-
gether with the privileges herein
after named.
Third-The purchaser shall fur
nish the water as aforesaid, from
Slate Creek, and shall render same
clear, pure and wholesome, by the
most modern. up-to-date and &C
ceptable means of publication by
filtration.
Fourth-Said purchaser is here
by granted the privilege of erect
ing, maintaining and operating in
said city of Mt. Sterling, KY. a
complete system of water works
and of using the streets, alleys,
public squares and other public
places in said city for the purpose
of laying it's mains, pipes and
other conduits and placing hy-
drants, valves and other apparatus
necessary for conducting and fur
nishing an adequate supply of
water to said city and the inhabi-
tants thereof, and for making re-
pairs and extensions to said sys-
tenn, provided, however, the use
of the streets, alleys, public
squares and other public places
shall be under the exclusive con-
troll of the City of Mt. Sterling,
Ky.
Fifth-Said purchaser shall erect
and operate the said water system
upon the standpipe system and
shall erect aud maintain upon a
high point in or near the City of