The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1946-10-24

months notice in writing of its intention SO
TO do. to purchase and take over in its en-
tirety all the property then belonging. 70 said
grantee located within the Village OF Bluff
ton, Ohio, or elsewhere, and in case such
purchase is consummated. all of the rights.
franchises and privileges herein set forth
shall thereby become the property OF the viii
lage.
The grantee hereby consents TO such sale
for an amount equivalent TO the actual cost
of said public utility TO the grantee at the
foreclosure sale, plus the cost of such better
ments, Improvements and extensions as may
be required approved by the village. plus
a return on such investment at the rate of
6cc per annum during the period of owner
ship by the grantee.
SECTION L. The grantee shall follow
standard accounting methods provided for
electric systems. or as may be prescribed by
law by any authority created by law, and
in the absence of standard methods or legal
requirements and TO the extent not incon-
sistent with the provisions OF this franchise.
the village may prescribe the methods. The
village, its officers. fiscal agents or experts
or accountants retained by it shall, at all
times. have access to and opportunity and
facilities for inspecting all property of the
grantee, in any way affecting or pertaining
to the ownership operation of the electric
system and for inspecting, examining. audit
ing and verifying all receipts, disbursements,
vouchers. prices payrolls salaries of officers,
time cards, papers. books and documents and
property OF the grantee, in any way affect
ing or pertaining to the ownership or opera
ton of the electric system. This right OF the
village shall exist at all times during the con-
rinuance of the rights herein granted. The
grantee shall keep its office open TO inspec-
ton at all reasonable times, and the grantee
is required TO keep a full true and accurate
account of all moneys received or expended
and liabilities incurred in connection with
said business and the maintenance and
operation of said electric system.
SECTION M. Should the grantee fail at
any time to furnish an adequate supply of
electric energy for the purposes herein stipu-
lated. excepting failure caused by act of God
or the public enemy. for period OF ninety
(90l successive days, then this franchise shall
become null and void at the option of the
village.
SECTION 13 Should it be judicially deter
mined by a court having jurisdiction TO pass
upon the validity of this ordinance or the
mortgage or bonds herein authorized. that
any provision of the ordinance is beyond the
powers of this council said village or is
otherwise invalid then such decision shall
in no way affect the validity of said mort
gage or the validity of said bonds, or any
proceedings related thereto, except as to the
particular matters found by such decision to
be invalid.
SECTION a. This ordinance is declared to
be an emergency measure for the immediate
preservation of the public peace health and
safety of the village for the reason that the
bonds herein provided must be issued and
proceed without delay with the aforesaid i'm
provements to the electric light plant and
sy ystem. and it shall take effect Immediately
upon its passage and approval by the Mayor.
Passed this % day of September, 1916;
w. A. HOWE,
President of Council
w. o. GEIGER
Clerk of Council
Approved this 2s day of September. 1916.
w. A. Howe, Mayor 2f