The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-04-07

AN ORDINANCE authorizing and directing
the Mayor to enter into contract with
the Topeka Edison Company, compromis-
ing and settling the amount found due
from said company to the City of To-
peka under its franchise ordinance No
2592, as shown by the report and findings
of the J. e: Cation Audit Company. dated
WHEREAS under the order and diree-
ton Of the Board of Commissioners Of the
City of Topeka. the j., r. Cation Audit
Company has made a full and complete
audit of the books, records and accounts OF
The Topeka Edison Company for the pur.
pose Of a gom ana sad tf Pc
the City of Topeka under the provisions or
Section of said company's franchise or
WHEREAS. said the ]. f. Cation Audit
Company. on DECEMBER list, 1916, made Its
there is due from The Topeka Edison Com
pany to the City OF Topeka. under the
terms of said franchise ordinance, UP TO
January LIST, 1916, the sum of $1S,319.63;
WHEREAS, The Topeka Edison Company
questions the correctness of the valuation
of its property upon which said finding is
ased, and claims that said valuation was
not made in conformity to correct legal
Interpretation of said franchise ordinance,
is unfair, too low, and incorrect, and that
the amount found to be due the said city
by said J. Il. Cation Audit Company Is ex-
cessive and incorrect ;sand -fs
WHEREAS, The Topeka Edison Com
CATION and controversy, which it claims win
be detrimental to it in the conduct of Its
public service business, ready and willing
to compromise and settle it's differences
with the City of Topeka. and for the pur-
pose of avoiding litigation and controversy
psssy tHe d full Tlns to pay ~ s. tss y 81
has Offered to do so upon the following
terms and conditions;
sum of S61 In cash, on or before the
sum 2nd Of % on or before the st das s
of May, 1918, with interest thereon at five
percent go from March1 49,;
sum no Of se'19S.S4 on or before the first day
of May. 1919 with five percent $50 inter-
est thereon from the first day Of March,
9TH. The deferred payments to be evf-
denced by notes. dated March 1. 1917, bear
ing interest as aforesaid.
5th. The acceptance of this proposition
by the City of Topeka, and full compliance
The Topeka Edison Company. shall be a
full compromise settlement and payment
9f all rs1nn dEe s the Cy 81 gnaer ts
terms of said franchise ordinance No: 2532.
up to the first day Of January, 1915; now
THE BOARD OF COMMISSIONERS OF
THE CITY OF TOPEKA:
topeka is hereby and des
Topeka Edison Company. compromising
due the city of Topeka under ordinance
No. 1892, up to the first day Of January.
1916. upon tne IoloW1nR TERMS anu coHul-
tons to-wit:
list The Topeka Edison Company shall
pay into the city treasury. IN cash. on Or
before the first day of May, 1917. the SUM.
of $6.126.55.
end. The Topeka Edison Company shall
pay into the city treasury, on or before
the first day of May. 1918. the sum Of
$6.12654, with five percent t5E) interest
thereon from the first day of March, 1917.
srd. The Topeka Edison Company shall
pay into the city treasury. on or before the
first day of May. 1919. the sum of d.12G.5f.
with five percent $50 interest thereoh-
from the first day OF March. 1917.
4th. The Topeka Edison Company shall
make. execute and deliver to the City of
Topeka. TO be deposited with the city treas-
urer its promissory notes for the deferred
pa yments. with interest as aforesaid
5th The execution of said contract bv
the City Of Topeka and The Topeka EdisonE
Company. and full compliance Herewith by
The Topeka Edison Company, shall be 4
full and complete settlement. compromise
I and discharge of all sums dne the City OF
Topeka from The Topeka Edison Company,
4 up to the first day of January. 1916.
Section 2. This ordinance shall take ef-.
| feet and be in force from and sitter its pubs
/ LEGATION in the official city paper.
1 Passed the Board Of Commissioners, April
End. 1917.
Approved April G, 1917
JAY E. HorsE.
Attest: Mayor.
TSeal1 CITY Clerk