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

luus DtSdn6SS shall not at any time e&-
coed the physical value of the property
or tho Grantee plus any reasonably
necessary expenses, including therein,
among other things. discounts. legal
engineering and organization expenses,
and the reasonable cost of bringing the
property to it's then state of efficiency.
In the event that IN any year or years
the said earnings Of the Grantee shall
be insufficient to take care of the said
amounts payable therefrom before the
division OF profits herein provided for
then the deficiency shall be made up in
the succeeding year or years out or the
earnings Of such succeeding year or
years before any division shall be made
of the earnings OF such succeeding year
or years between the Grantee and the
City as herein provided. The Grantor
shall from time to time. for the pur-
pose or determining the amount Of net
profits TO which it is entitled to a per-
centage thereof as herein provided. be
permitted by the Grantee to examine
his books. records and properties. An
nuaIly on the first day OF September OF
each year beginning September l. 1922.
the Grantee shall furnish the Grantor
will a sworn statement Of his gross
hereinabove set forth, and Of all the
deductions made therefrom, and the
final net profit. if any, arising from the
operation of his properties as herein
above set forth. including therein a
statement Of his assets and liabilities.
SECTION XIII.
The Grantee shall carry free Of charge
on his passenger cars. at all points
within said City, policemen and fire
men of said City while in uniform. and
all other City officials who shall pro-
duce to the conductor of said car on
which they desire to ride. satisfactory
evidence that they are such City Of
fciais. and all United States mail car
riers while on duty. and said Grantee
shall stop his cars during fires to per-
nit of proper use of the fire apparatus
Of said City.
SECTION XIV.
The Grantee may. at his option, lay
and operate a single-track or double
track railroad on Buchanan Street
north Of Fifth Avenue, and on Fifth
Avenue east of Broadway; provided,
however. that double tracks shall be
laid and operated on Fifth Avenue east
of Broadway after five years from the
hereinabove required
SECTION XIV.
The Grantee shall at his own ex-
pense. remove from the streets on
which his tracks are laid. all snow and
ice which may fall or form on his right
of-way on such streets or portions
thereof as the Board Of Public Works
may from time to time designate, and
!,
streets on which his lines may be To-
Gated, as may be directed from time to
time by the Board of Public Works of
said City. and if and when the remain
ing portions of said streets are like
wise sprinkled by the City of Gary or
its inhabitants.
SECTION XVI.
Whenever it shall appear to the said
Board Of Public Works either from the
petition of persons residing in any part
of said City. or otherwise, that the
public interests demand the extension
of any line of street railway already
in operation, or the construction Of a
new lire in and upon any streets, al
leys. avenues or public places in said
city. the said Board of Public Works
shall cause written notice to be given
to the Grantee or 70 the President. Sec
rotary. General Manager or Superintend-
ent of the said successor company. re-
curing said Grantee or Company. by
/ his or IT'S representatives. 10 appear
before said Board on a day certain, to
| be named in said notice. not less than so
days after the service of such notice
and show cause why the proposed extern
sion should not be made or such proposed
new line should not be constructed
The said notice shall contain a descrip-
ton of the streets. alleys. avenues OF
public places on or through which said
extension or new line is proposed to
be made or constructed. On the day
and at the time named in such notice
said Board of Public Works shall give
to the said Grantee or Company, II his
or it's representatives so desire, a fuil
| hearing on the question as to whether
such proposed extension or the con-
struction Of such new line is necessary
either to the efficient operation of such
railway. or for the convenience of the
public. and may be reasonably required
having a due re gard to the cost thereof
and whether the operation thereof would
show. from the traffic created thereby
a reasonable return on the investment
required. IL the representatives OF sdAu
Grantee or Company shall not appear
before said Board at the time named
in said notice. such Board may act upon
such evidence or information it may
have from any source.
IT. after hearing the representatives
OF said Grantee or Company, at the
time named in said notice, if any OF
such representatives appear. or il they
do not appear. after advising itself
from any other source OF information
it should appear to the said Board thai
the interests of the public require such
extension to be made. or such new line
to be constructed. and that the same
be reasonably required, having regard
to the consfdera tons above set forth
it may make an order requiring any
such extension to be made. or any such
new line to be constructed, and such
order shall fix the time within which
the said extension shall be made. OF
new line shall be constructed, which
| period of time so fixed shall in al
cases be Of sufficient length such thai
said Grantee or Company, by the exer
else of reasonable diligence, may b.
able TO provide the funds for and t.
make such extension or construct sale
new line within said time. The sale
Board of Public Works shall caus,
written notice of any such order to b'