The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1916-12-21
SECTION K.

The Grantee shall. upon reasonable
compensation to be made TO him. and
agreed upon by contract in advance.
permit any interurban railroad whose
line connects with any city or town
without the limits Of said City, to run
its through cars over such portion of
the tracks of the Grantee as il may
desire. and furnish power therefor; pro-
vided. such interurban company shall
first have authority from the proper
municipal authorities of the City so to
run its cars, and shall run only over
said tracks through cars which run to
some other city or town, and shall carry
passengers upon it's through cars from
such City Of Gary 10 such other city
or town. and shall not carry on it's
through cars passengers from one point
in said City Of Gary to another point
in said City. except as permitted under
the transfer provision of Section VIII
hereof. and shall not stop its cars upon
the tracks Of the Grantee for any period
longer than necessary to receive and dis
charge passengers or freight, nor un-
necessarily obstruct said tracks. The
Grantee shall not charge such Interur-
ban Railroad for transporting such
through passengers over his tracks in
said City. or any portion thereof. more
than two cents for each passenger and
a reasonable charge for power. and a.
reasonable charge for freight and in
the event such amount is deemed by
such Interurban Company to be un-
reasonable, then shall charge only such
amount as shall be deemed reasonable
by a board OF Arbitration consisting of
two DISTINGUISHED persons, one selected
by the Grantee and the other to consist
of the Mayer of the City. from which
award of such Board of Arbitration an
appeal shall lie by either the Grantee or
such Interurban Company to a Court
Of General Jurisdiction in the County
whose decision shall be final and bind
ing but during such appeal the Gran
tees tracks may be so used on the
terms fixed in such award Of such ar
bitrators. Such contract to be ter
minated by the Grantee il the compen-
sation falling due him hereunder shall
not be paid within thirty days after
becoming due.
SECTION XII
The Grantee shall forever indemnify
and save harmless the said City Of Gary
against and from any and all damages,
judgments. DEGREES, costs and expenses
of the same. which it may suffer. or
which may be recovered or obtained
against it. for. or by reason Of, or
growing out of. or resulting from. the
enactment OF this franchise or any
matter or thing connected Herewith
or by the exercise by the Grantee of
the privileges hereby granted. or from
any act, or acts, by said Grantee. his
employees or agents. under or by virtue
Of the provisions of this franchise And
the Grantee shall. without recompense
to him. permit the Grantor to make
any public improvement in said City
to be laid underneath the Grantees
tracks in said City. provided such City,
or the contractor for such public inn
provement. shall lay the same with all
reasonable expedition.
SECTION XII.
On September first of each year COM
mencing September I, 1929. the Grantee
shall pay to the GrantoT- twenty-five
(25a) per cent. of his net profits arts
ing from the operation OF his proper
tGes in the city of Gary for the pre-
vious fiscal year, after deducting from
the gross earnings thereof for such year
operating expenses. taxes, depreciation,
/ interest on all bonded or other indebt-
edness at the rate of seven 60 per
cent per annum, and in addition seven
/ GO per cent. cumulative dividends
iupon all capital stock of the company