Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1919-06-19

legss and franchise herein granted
shall be forfeited, and this ordinance
annulled at the option Of the Mayor
and Town Council.
Section s. This franchise is grant
ed fer . period Of twenty years and
10 so granted and said franchise is
accepted UPON the express condition
and understanding that the Mayor
and Council Of the Town Of Modale
shall have the option of securing
revision Of the lighting rate schedule
as set out in Section Of this fran
chise at the end Of the second, fifth,
tenth apd fifteenth year of the ex-
istepce Of this franchise, by notifying
the Iowa Service Company, its sue
cessors or assigns of it's intention
within thirty days of the expiration
Of each period and said lighting rate
schedule revision to be determined by
q committee consisting of three per-
sons, one to be named by the Mayor,
one by the grantee and the two so
chosen shall agree upon the selection
Of the third member Of the commit
tee. The committee when so appoint
ed shall by q majority prepare a
schedule or lighting rates which shall
allow the grantee a return, sufficient
to cover all operating expenses, taxes,
insurance, depreciation and fair re-
turn on its investment.
Section 6. That the maximum
rates to be charged by said Iowa Ser
vice Company, its successors or as
signs, for electric current furnished
to the inhabitants of said City for
lighting purposes shall not exceed:
First, 80 X w. Hours per month at
II cents per K w Hour.
All Excess X w Hours per month
at 1874 cents per K w Hour. q
Bills are to be paid at the office of
the grantee or place designated by
it in the Town Of Modale, on or
before the 10th day Of the month fol-
I lowing the month in which meters
were last read. and services are to be
discontinued il bills are not paid by
the goth day Of the same month. And
provided that the minimum shall be
one dollar per month for each installa.
ton OF customer and the said Iowa
Service Company, its successors or
assigns. shall furnish for each in
stallation or customer an electric
meter without cost and without any
rental charge.
Section Z. That the maximum
rates to be charged by the Iowa Ser
vice Company, its successors or as.
signs, for electric current furnished
to the inhabitants If said City fol
power purposes, consisting of motors
or appliances equivalent to at least
one horse power capacity, shall not
exceed:
First 200 K w Hours per month al
8 cents net per K W Hours.
Next 200 X w Hours per month al
61s cents net per X w Hours.
Next 400 X w Hours per month al
51a cents net per X w Hours.
Next 400 X w Hours per month al
41a cents net per X w Hour.
Next 800 X w Hours per month al
4 cents net per X w Hour.
Excess X w Hours per month at
31s cents net per X W Hour.
And provided that the minimum
charge shall be one dollar per month
for each horsepower connected, and
the Iowa Service Company, its sue
cessors or assigns, shall furnish fol
each such power connection an cleo
trio meter without cost or without
any rental charge.
Section y. Any person who shall in
terfere with, cut injure. remove
break or destroy anv of the nnles
|, wires, conductors, fixtures, instru
hents or other property Of said low.
Service Company, its successors o
1 assigns shalt be guilty of misde
, meanor and on conviction thereo
shall be fined not less than Ten Dol
, lars nor more than One Hundred Dol
1 lars Any peraoh who shall nos
/ tack or fasten on the poles, structure
} 9, fixtures of said company. its sue
( assors CT assigns, any sign, poster
advertisement CT banner, shall upo
conviction thereof be fined in an
u sum mt less than Five nor more tina
e Fifty Dollars for each offense.
u Passed and approved this -----
y day of Observation-Disclosures
Il A. ID.
e
e.
&c -------
IS. ACKNOWLEDGEMENTS.
ey = -.------=
to Witness