The Cordova daily times., 1922-03-28

 public highways, within said Town of Cordova, pipes, pipe lines, mains, con duits, conductors, valves, shut-offs, | manholes, and other appliances for the conducting, holding or supplying | of water for domestic, fire, power or other purposes, which the said Cor dova Power Company now owns, main tains, uses and operates in connec- tion with it's present water works and | distributing system in said Town of Cordova, Territory of Alaska" Passed i, and approved, May IS. 1916.
 Be it Ordained by the Common Council of the Town of Cordova, Ter ritory of Alaska, that Section of Or dinance No. 47 of the said Town of Cordova, be amended to read as fol- lows:
 Section S. The said Cordova Power Company further agrees for itself, it's successors and assigns, that during
  nually pay, or cause to be paid, into the treasury of the Town of Cordova, for town purposes, percentage of the gross earnings of said plant, as follows:
 Upon the first s10,OOOOO or any part thereof of gross earnings in any one year, 9 per cent.
 Upon the gross earnings of between s1O,OOOOO and s15,O000O in any one year, per cent.
 Upon the gross earnings over and above s15,OO0.0O in any one year, 4 per cent.
 Said per centage shall be estimated on the gross earnings of the business of said plant done within the exterior boundaries of the Town of Cordova, as they now are, or may hereafter be extended; with the addition that one half of the gross earnings derived from the business of said plant, where the supply of water is taken from within the town limits of the Town of Cordova, or passes through or across the streets of the Town of Cordova, and is used in the present Town of Eyak, being that area of ter ritory lying within one-half mile south of the southern boundary of the Town of Cordova, shall be treated as part of the gross earnings within the Town of Cordova;
 PROVIDED, however, there shall be no percentage estimated on any other business of said plant, done outside ot the boundaries of the Town of Cor dova, notwithstanding that the supply of water is taken from within the town limits of the Town of Cordova, or passes through, or across the streets of the Town of Cordova, but is used outside the town limits;
 PROVIDED FURTHER, however, should a separate municipality be formed the area of territory lying within one-half mile south of the south of the southern boundary of the Town of COrdova, or any part thereof, then and in that event, the Town Of Cordova shall not receive any percent age on the gross earnings estimated on the business of said plant done do ,-;n Nf ate municipality, notwithstanding that the supply of water used in such sep arate municipality may be taken from within the town limits of the Town Of Cordova, or pass through or across the streets of the Town of Cordova;
 PROVIDED FURTHER, however, that any tax levied against said water works system, or against the real or personal property used in connection with or in the operation thereof, or the franchise and privileges herein conferred by the Town of Cordova on the said Cordova Power Company, it's successors or assigns, or any license ritory of Alaska, that ection of Or said water works system, or the busl- ness conducted thereby, or the fran chise and privileges herein conferred by the Town of Cordova, that reverts to. or is covered into the treasury Of the Town of Cordova, shall be deduct nd from said nercentage to be paid by said Cordova Power Company, it's successors or assigns, to the said Town of Cordova; and said percent age to be so paid shall, be to that ex- tent, reduced and diminished. Introduced and read December l9, 1921.
 Passed and approved this 20th day of March 1922