The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-03

anehsasesbls econsnie lav No. cap.
itai caainot be secured anA there nzus'
be depreciation In the service 10 TN
injury Of the public served. II -
therefore, REQUIRED. not Sniy by pfin'
serves the right to M The. rates. bui
iby the public interest a. we'll. that sesca
rates should be reasonable and Jus,
and read5usted whenever the eonAi.
lions SO require.
No Rate 81 Fare suwgesael.
In the ordinance submitted by ycul
petitioner. NO rate Of fare has beer
suggested. but IL IL earnestly hoped
that this question win receive care.
full consideration by the Council and
the committees, ana that the fares
may be fixed upon q basis which will
not only be Just to the company. In
view of the service now and hereafter
to be rendered, but which will enable
the company to finance Its require
ments upon a basis favorable to the
company and to the public service and
a provision made for the REIMBURSEMENT
of such fares from time to time az the
change Of conditions may require.
v.
Special Consideration to ne Given BY
| the Company.
II the, Council of the city of Rich
mend should grant a new franchise
| covering both the street railway and
light and power systems In the en-
larged corporate limits of the city OF
! Richmond for n term Of thirty years
ms provided by law and the provisions
of said franchise are such that your
| petitioner can accept tho same and
obtain the consent Of the trustee In
it's mortgage thereto, your petitioner
win file with It's bid for such fran
chise, written undertaking In form
to he approved by tho City Attorney.
by which It win agree that II It's bid
for such franchise n accepted and the
same IL granted TO Your petitioner In
the manner prescribed by law. then
! your petitioner win DO the acts and
things following. via;
/ /. II will. by instrument or instru-
mentz In form 70 be approved by the
City Attorney, surrender to the city
of Richmond all existing street rail
way and light and power franchises
effective within the corporate limits
of the city of Richmond. as they exist
on and after the 9Th day of Novem-
her 1914. owned or controlled by the
Virginia Railway and Power Company,
the principal Of which franchises are
enumerated at length in section of
this petition.
and assign to the city OF Richmond,
each and every OF the perpetual rights
or rights of way extending beyond
thirty years, existing In any OF the
streets, highways or public places with
In the corporate limits Of the city OF
Richmond as they viii exist on and
after November s, 1914. then owned or
controlled by your petitioner. some of
which are enumerated in section I OF
hot ~ =
rights on such streets and highways
will DO only such as are granted In
and by the proposed ordinance and
for the period of thirty years.
i Proposals to Heurfco Company.
3, That II the properties and fran
chises now owned by the Richmond and
Henrico Railway Company are pur-
. chased at foreclosure sale. now pending.
by the bondholders of the bonds of said
, company a. aforesaid. your petitioner.
under arrangements with said bond
holders. will. by instrument or tnstru-
ments in writing. in form to be APP
proved by the City Attorney. surrender
or cause to be surrendered to the city
OF Richmond all street railway and
light and power franchises effective
within tho corporate limits Of the city
Of Richmond as they may exist on
and after the 5th day OF November.
1914 now owned by the Richmond and
Henrico Railway Company.
a. That IL the properties and fran
chises OF the Richmond and Henrico
Railway Company arc purchased al
foreclosure by the holders of bond.
Of said company as aforesaid. your
petitioner, under arrangements with
said bondholders. will convey or cause to
be conveyed to the city of Richmond, by
instrument In form satisfactory to the
City Attorney. free from mortgage Her
or encumbrance, the Marshall Street
Viaduct now owned by the Richmond
and Henrico Railway Company, sub
jcct only to the right of your petit
toner to operate its cars and lines
across said viaduct in accordance with
the provisions of said proposed fran
chse for period OF thirty years.
5. Your petitioner Is the owner OF
ten hundred and seventy nine 1D7e)
shares OF the stock of the Northside
Fiaduct Company. of n total of sixteen
hundred and forty-eight ti64s) shares
of said stock outstanding. The North
side Viaduct Company owns the via
duct extending across the valley OF
Shockoe Creek at Fifth street which
after November 5. 1914. win be within
the city Of Richmond. Your petitioner
will transfer and assign, In form salts
factory TO the City Attorney, all oil
said ten hundred and seventy mine
G079) shares of stock Of said North
side Viaduct Company of total OF
sixteen hundred and forty-eight G6$S)
shares outstanding, and will undertake
to facilitate In every reasonable man
ner any method which may be oe-
vised by which legal title to said via
duct may be vested tn the city OF
Richmond, free and clear of any mort
gage or encumbrauce. The ownership
of said stock will give the city OF
Richmond complete control of said via
duct. and the only right which your
petitioner will have with respect to
the same will be the right to operate
its cars across said viaduct under and
in accordance with the provisions OF
the proposed new franchise, II granted
for the term thereof
First Street Viaduct.
6. Your petitioner Is the owner of
FIVE hundred and sixty-two t5s2) shares
of the stock of the Brookland Railw ay
and Improvement Company. of total
OF Ave hundred and sixty-nve $3.50
shares of said stock outstanding. The
Brookland Railway and Improvement
Company owns tho viaduct extending
across the valley OF Shockoe Creek at
First Street, which. after November s.
1914. will he within the city of Rich =
mond. Your petitioner will transfer
and assign. IN form satisfactory to the
City Attorney, all of said FIVE hundred
- s-Ix atx, - u.