Madison County Democrat. (London, Ohio) 19??-1958, 1950-07-25
Ordinance No. 942

An Ordinance to regulate the
price which the London water
Works Company, its successors q
assigns. or the Village of London
and the Board Of Trustees Of Pub
lie Affairs for the Village of Lon
don, shall charge for water fur
nished to the Village of London,
Madison County. Ohio, and to the
inhabitants or consumers IN sald
Village, for public and private use,
fire protection and other purposes,
to- be in effect from and after
August |. 1850 until modified or
changed as otherwise provided by
law, Ordinance No. $40 entitled
providing for the issuance
Of 100000 first Mortgage Re.
venue Bonds of the Village or
London under Section IL, Artl-
Gle XVIII of the Constitution
of the State of Ohio for the
purpose of acquiring and there
upon improving and extending
the existing waterWofks
system; to authorize the ex-
ecution of a mortgage of said
system and the extensions and
improvements thereto, and the
revenues thereof, to secure said
bonds to define the terms of
franchise under which, in case
of foreclosure, the purchaser
may operate said waterworks
utility; to provide IN event or
default for the appointment of
receiver to administer said
system; and to declare an emer-
gency."
and the terms of the First Mort
gage Deed to be hereafter held by
the Trust Department Of The ONO
National Bank of Columbus, Colum-
bus, @. for the security of bond hold
erh holding bonds issued by the Vii
lage of London, Ohio for the pur-
pose OF financing the purchase of
the outstanding Stocks and Bonds
of the London Water Works Co.
Be it Ordained by the Council
of the Village of London, Madison
County. Ohio, as follows;
SECTION l:
| Commencing August l, 1850, and
until changed as provided by law,
| Ordinance No. $40 complete title
contained in paragraph abovel, and
| the terms of a First Mortgage
Bond TO be hereafter held by the
| National Bank of Columbus, CO.
| lumbus, Ohio for the security OF
| bond holders holding bonds is
| sued by the Village of London, Ohio
| for the purpose of financing tbs
purchase of the outstanding Stocks
and Bonds of the London Water
| Works Co, the London Water
assigns, or the Village of London
or the Board of Trustees Of Public
Affairs for the Village Of Lon,
don, Ohio, shall charge for water
| furnished to consumers in the Vii
lage of London, for public anc
private use, fire protection anC
other purposes, the rates hereir
specified. to wit:
SECTION II-FIRE PROTECTION
For the use and maintenance O.
each fire hydrant maintained b!
the village of London, S3.75 pc
month.
Standby service for sprinkle
including private hydrants. $3.50
per month for six inch tap o
smaller.
Private fire hydrants of conven
tional design within buildings hav
ing no automatic sprinkler system
1915 per hydrant per month.
Private fire hydrants mamtaine,
outside of buildings and not a par
of standby service or sprinkle
system 1915 per month.
The foregoing rates include tn
cost Of water consumed in fir
fighting.
SECTION III = METERED SER
VICES tNON INDUSTRIAL
The following rates shall appl,
for water consumed through meter
of less than one inch:
Minimum charge per month wit
1000 gallons of water allowed 81
For the next $4,000 gallons pc
month, per thousand 6
tof the next $4,000 gallons pc
month, per thousand A
! For the next 10000 gallons pc
month, per thousand 4
For all over 100000 gallons be
month, per thousand L
SECTION " - METERED SER
VICES (INDUSTRIAL)
The following rates shall ami
| for water consumed through meter
of one inch and larger:
For the first I00,0ou gallons. pe
month, per thousand ia
E For all over 100 00G gallons, pc
month, per thousand OIL
The following minimum charge
: per meter per month shall apply [
industrial consumers with wate
allowed at the above rates to tn