Arizona republican., 1912-09-23
books of record and reference:

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 shah include a comprehensive and convenient ref erence to actions, contents or pro- ceedings at law, if any, affecting the same.
 ?. A Public Utility Record. for every person, persons or corporation owning or operating any public util- ity under any franchise granted by tl.e 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
 
 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 Cli6 frar 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 17. 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 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 priyi- 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 l 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 whether any such property or. part 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 @ What, if any, probable addi- tional outlays would be necessary 10 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.
 (Q Whether. if acquired, it could be paid for out of its net earnings. and if so within what time; and (5) Such other information touch ing the same as he shall have ac- quired.
 l> Such report shall be made in writ | ing, shall include statement of facts | Tn relation thereto with such partfcu- 1 tarity as will enable the Commission l 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 llshed once in the official newspaper | of the city, or printed and distributed
 in pamphlet form. as the Commission
 may direct and deem best l 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 vote of the people. shall within sixty days after the filing l 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 we'll 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 with, shall in terms specify the meth