Madison County Democrat. (London, Ohio) 19??-1958, 1950-07-28

property in said Village to pay for
water consumed by 1t and hydrant
rentals. the proceeds of which, levy
shall be placed in al fund to be
designated as the "Waterworks
Fund and which taxes. when col
lected. shall be held inviolate for
that purpose.
! Section FL: In the event that the
above rates, which are minimum
rates not maximum rates, shall
prove insufficient to provide rev.
enues yielding, after meeting OPP
Grating and maintenance charges in
amount consistent with sound man.
agement and commensurate with
the service required by the Village.
an annual return of approximately
six per cent on the reasonable value
of the utility. including a reason
able allowance for depreciation
plus the cost of betterments, i'm
provements and extensions, less de-
probation thereon, as may have
been required or approved by the
village, the Village. by appropriate
ordinances, shall raise such rates
sufficiently to produce such re-
turn. as provided in Section 614-44
or the General Code of Ohio, ex-
cept that it shall not be necessary
Tor said*Village to wait until one
year before. the expiration of said
period, but the duty to increase
snail arise upon the request of the
grantee forthwith, whereupon, in
the event that such action by the
village is not taken, complaint NAV
be filed to the Public Utilities Com
mission or its successors in Of
ice and proceedings had before
sald commission as provided in
Section 614-44 ct seq, of the Cen
eIai Code of Ohio. The grantee.
! Tignt to complain to said com
mission shall be cumulative to its
rlght to enforce the performance
| or the above imposed duty on the
| village under the provisions OF
section 1898 of the General Code
! of Ohio.
Section 1:For the second ten-year
period of this franchise, the rates
TO be charged by said grantee shall
be fixed by the Council of said
Village by and with the consent oi
the grantee or in the event of the
inability of the Village and grantee
! to agree, shall be such as may be
fixed or determined in accordance
with the provisions of the Genera
/ Code of Ohio, including Sections
6l4-20 and 614-32 thereof, but, In
any event, the rates shall be sucI
as to produce to the grantee the
same return as provided in Sectior
| H hereof.
Section j: The grantee snail keer
all records and accounts of tht
utility in such form as shall bs
prescribed by the Public Utilitie.
Commission of Ohio, subject alway!
to the right of Council of the Vii
lage to require more detailed form!
| and to exact more comprehensive,
statements than may be prescribed
by said Commission. The Villag.
! shall at all times have access t,
and opportunity for inspecting al
properties of the Utility and audit
ing, examining and keeping copies
of all records and accounts in any
way pertaining to the ownership o
operation of the utility, togethe
with the right to require of th'
grantee at any time detailed re
ports relating to the finances, op
Grafton, management and owner
ship thereof. The Village shall hav,
the further right to establish stand
ards of service to prevent unjus
discrimination in service or rates
and to require adequate extension
of plant. equipment and service.
Section K: No rights hereil
/ granted to the grantee to construct
maintain, or operate said water
works system shall be construe,
as exclusive or as preventing tn
Village from granting franchis
or privilege to any other person
firm or corporation.
Section Ia. Each section of thi
ordinance and each subdivision o
any section thereof is hereby de
clared to be independent, and tn
finding or holding of any sectio
or subdivision of any section there
OF to be invalid or void shall not b
deemed or held to affect the valid
ity of any other section or subdi
vision of this ordinance.
Section Is. This ordinance
hereby declared to be an emergenc,
measure necessary for the immedi
ate preservation of the publ
health, safety and welfare in sal
Village and for further reason tha