The Cordova daily times., 1916-05-20


 date hereof said Town of Cordova, being then and there a municipal cor poration, upon giving one years mo- tice to said Cordova Power Company, it's successors and assigns, may pur- chase said electric light and power plant by paying therefor to the owner or owners thereof the appraised valu- ation of said electric light and power plant and distributing system, not in- cluding this franchise which in event of purchase by the Town of Cordova becomes null and void. Such appraised valuation shall be fixed by a major fly of a board of appraisers, consisting of three (3) hydro electrical engineers, of which board the Town of Cordova shall. within thirty (30) days from the date of the serving of notice of intent to purchase said electric light and power plant and distributing sys- tenn, name and select one member as it's representative or appraiser and in like manner, within thirty (30) days thereafter, the said Cordova Power Company, it's successors or assigns, shall name and select It's representa- tive or appraiser and the two so named shall. within sixty days there after name and select third member of the board, and the valuation of said electric light and power plant, and distributing system as fixed by said board shall constitute the ap- praised valuation hereinbefore men. toned. Said appraisal and valuation shall be made by said board before the expiration of the required one years notice of intent to purchase.
 In case the Town of Cordova. after giving notice of intent to purchase and after the appraisal of said electric light and power plant and distribut ing system shall fail to complete the purchase of said plant and system within one year from the date of the rendering of the decision of the board of appraisers as to the value thereof then the said Town of Cordova shall not again exercise it's option to pur. chase for period of five years from the date of said decision. and then only after due notice and appraisa as hereinbefore provided.
 Section 2. In consideration of the rights and privileges herein granted to said Cordova Power Company, its successors and assigns, the said Cor dova Power Company agrees for itself it's successors and assigns, that it will sell and supply to the inhabitants oi | the Town of Cordoya. electric current for light, at a rate not to exceed eleven CID cents per K. w. hour, for the first 250 K. w. hours, or part thereof; ten 0O) cents per K. w hour for the second 25O K. w. hours or part thereof; and nine 60 cents per K. w. hour for all over 500 K. w hours used in each calendar month
 For electric current for power l motors, heat, cooking, etc, where spe- cial meters are installed, current tC be used only during daylight hours oI such hours as the Cordova Power Company may designate, eight (ScI per K. w. hour for the first 25O K. w hours used, or any part thereof; sever C7c) cents per K. w. hour for the sec ond 250 K. w. hours used, or any part thereof; and six (6c) per K. w. houl for all over 800 K. w. hours used eact calendar month.
 Flat rates for lights may be granted by the Cordova Power Company at its option. at not to exceed one ($1.00l dollar per month for 25 Watt light: other lights on the same basis.
 Where meters are installed fol lights, minimum charge shall bt made for each meter of one ($1.00J dollar for each calendar month, where five or less lights are connected, and two ($2.00) dollars for each calendar month, where more than five lights are connected.
 Where meters are installed fol power. the minimum charge shall be agreed upon by the Cordova Power Company and the consumer.
 It is provided further that parties using said light and power may be charged the ordinary expense for in stalling their respective light and