The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-02-27

That the fights. privileges ana rrau-
rhise hereby granted shall continue for
pariod of thirty years from the 10th
piration of the said period OF time
the said grantee shall peaeeabiy yield
possession TO the said town OF North
nue. lane and alley in said town oc-
cupied by any OF its mains. pipes.
nanholes. flush tanks. or other appN-
rights privileges and franchise here
by granted and from thencsforward
shall discontinue the use Of same, and
shall make no claim to exercise any
franchise right or gp actihn hereunder
Paragraph /. That the town OF North
Richmond, Virginia may become. the
owner at the terrItnatien Of this fran
chse OF the mains pipes, manhoies
fush tanks and other appliances and
fixtures OF the said grantee then in,
under an dalong the roads, streets, ave-
hues. lanes and alleys, of the said
town. which may have been laid and
constructed by virtue and under au-
thority OF this ordinance, upon the pay
ment OF fair valuation therefor by
proceeding as required IN this section.
Paragraph 2. That the said town OF
North Richmond, in order to become
the owner OF the property OF the gran
tee whose acquisition by said town IS
provided for in the preceding para
graph. shall. at least six months before
the termination of this franchise, give
the grantee written Hottce OF iNS de-
sire to take advantage Of the right
of purchase so granted; that, in case
the said grantee and said town shall
not. within two months from the date
OF such notification, agree upon The
price to be paid by said town for said
property. then said town and said gran
tee shall each appoint one arbitra-
tor and the two arbitrators thus APP
pointed shall determine the fair yalna-
lion OF said property, II they agree,
then. the price nxed by them shall
town. In case they fall to agree, then
they shall call in q third arbitrator.
and the decision or majority or the
board OF arbitration, so constituted NJ
for said property, shall be final as TO
said town and as to said grantee. :.
Paragraph 8; That, in case the said
| town shall desire TO avail itself OF the
right of purchase, as herein provided,
the valuation OF the property to be
acquired shall be determined exclusive
of the franchise rights.
Paragraph T. That. If the six months
/ notice, as provided in paragraph :
hereof. be given. the price. to be paid
by the town shall be fixed, either oy
four months from the time such notice
Paragraph s. That. in case price
for the property. option to purchase
which is by this ordinance given to
said town. shall be fixed In accordance
with the provisions of this section, and
within the time prescribed, then the
same shall be paid in cash TO the gran
tee at the termination of this fran
chise whereupon the property de-
scribed In paragraph l of this section
shall be and become the property of
| the said town. to be sold or leased, or.
! IL authorised by law. maintained and
Paragraph 6. That, If the six months
notice as provided in paragraph 2
hereof be not given or. IL the same
shall be given and the price shall not
be fixed as provided by paragraph 4
|. hereof. or. If the price be properly
fixed as provided. and be not paid as
provided in paragraph 8 OF this sec
tion then. and In any one, or more. or
all of these events, the said grantee
shall have the right. at the termina-
tion of this franchise, to remove any
or all of its mains. pipes, manholes.
| flush tanks.-or- other appliances and
fixtures then In. under and along the
roads, streets. avenues, lanes and al
| ieys of said town, which may have been
| laid or constructed by virtue of this
ordinance.
Seventh Section.
| That for any violation OF the require
ments of this ordinance. the said gran
! tee upon conviction thereof for each
days continuation OF such vlsfatior
shall pay fne OF not less titan FIVE
dollars, nor more than twenty-five dolls
| lars. recoverable before the mayor or
ANY tuEtfce of thu pEAce, and all
debts, penalties or forfaitures tnur-
Ing to the said town under this or