The Cordova daily times., 1922-03-27

system Tn the said Town of COrdOva, | Territory of Alaska Passed and approved May 18th, 1916.
 Be it Ordained by the Common Council of the Town of Cordova, Ter ritory of Alaska, that Section ? of | Ordinance No. 46 of said Town of | Cordova, be amended to read as fol- lows:
 Section 7. The said Cordova Pow CT Company further agress for it. self, it's successors and assigns, that during the life of this franchise it shall annually pay, or cause to be paid, into the treasury of the Town of Cordova, for town purposes, a percentage of the gross earnings of said plant, as follows:
 Upon the first $10000, or any part thereof of gross earnings, in any one year, 2 percent.
 Upon the gross earnings of be- tween $1O,0O0 and $15,OOO in any one year, 3 percent.
 Upon the gross earnings over and above $15,0OO, in any one year, percent.
 Said percentage shall be estimated on the gross earnings of the business of said plant done wholly within the exterior boundaries of the Town of Cordova, as they now are, or may hereafter be extended; with the ad- dition that one-half of the gross earn ings derived from the business of said plant done in the present Town tory lying within one-half mile south of the southern boundary of the Town of Cordova, where the telephone ser vice is between the Town of Cor dova and the Town of Eyak, or vice versa, shall be treated as part of the 1 gross earnings within the Town of Cordova.
 PROVIDED however, there shall be no percentage estimated on any other business of said plant done out side the boundaries of the Town of COrdova, notwithstanding that the telephone service or telephone calls may originate within, or be received within the Town of Cordova, and may pass over telephone wires, pass i ing through, over or across the streets of the Town of Cordova. The in- tentiOn being that no percentage shall be estimated upon the gross earn 1 ings of said plant other than upon the telephone service rendered en- tirely within the limits of the Town of Cordova and upon one-half of the gross earnings for the telephone ser vice rendered between the Town of 1 Cordova and the town of Eyak.
 PROVIDED FURTHER, however, should a separate municipality be- formed, covering the area of terri tory lying within one-half mile south of the southern boundry of the Town | of Cordova, or any part thereof, then, and in that event, the Town of Cor on the gross earnings estimated on the business of said plant done with ] in the boundaries of such separate municipality; notwithstanding that the telephone service. or telephone calls may originate within, or be re- ceived within the Town of Cordova, and may pass over telephone wires passing through, over or across, the streets of the Town of Cordova.
 PROVIDED FURTHER, however, that any tax levied against said tel ephone plant, or against the real or personal property, used in connec- tion with, or in the operation there of, or the franchise and privileges herein conferred by the Town of Cor dova, on the said Cordova Power Company, it's successors or assigns. or any license or tax imposed by the United States or the said tele- phone plant, or the business con- ducted thereby, or the franchise and privileges herein conferred by the Town of Cordova, that revert to or is covered into the treasury of the Town of Cordova, shall be deducted from said percentage to be paid by said Cordova Power Company it's re- cessors or assigns, to the said Town of Cordova; and said percentage, to be so paid shall, be to that extent reduce and diminished. Introduced and read December 19, 1921.
 Passed and approved this 2Oth day