The Durant news. (Durant, Miss.) 1882-1985, 1953-10-29
Ordinance Adopted Granting MvG Company
Gas Franchise For Durant; Election Called

force reasonable rules and regula-
tons as condition for the sale or
distribution of gas by il to the mum
clpaiity, or any consumer therein or
thereanouts during the life of fran
chise
SECTION 4. The furnishing and
supplying at any time or from time to
time by the Grantee of one or more
OF SAID kinds of gas shall not oper-
ate as a waiver Abandonment or for
TEXTURE OF the right of the Grantee to
furnish or supply a different kind OF
gas or any time ana from time to
Tune 10 furnish or supply natural gas
ana or ARTIFICIAL gas and or gas con-
tanning mixture of natural and arti-
iiclal gas, and no change from time, to
time OF the kind of gas furnished or
supplied shall be deemed to consti-
tute a waiver, abandonment or for
TEXTURE of the right of the Grantee to
afterwards furnish or supply differ
ent kind of Gas.
SECTION y. This grant is made
with the full knowledge and under
StanNing on the part OF the munich
patty that the natural gas to be fur
nlshed or supplied by the Grantee is
not to be secured from wells owned
by the Grantee but is TO be furnished
me Grantee by others through pipe
lines. that, therefore, the Grantee S
supply OF gas may be interrupted or
entirely discontinued by causes beyond
the control of the Grantee and that in
the event of such Interruption or dis
continuance there shall be no liza
putty on the part of or against the
Grantee therefor, this grant requiring
tnat so long as, during the period
thereoi, the Grantee has gas
available, It shall furnish or supply
| such gas to said municipality and its
INHABITANTS and any person or corp
Grafton in accordance with the terms
ana conultions herein contained.
SECTION 9. The Grantee will not
ana snail not be required to extend
us street mains and service pipes, in,
upon or along streets, avenues, high
ways, bridges, lanes, alleys, or public
grounds or places where distribution
OF gas has not already been estab-
ilshed II the revenue to be derived
from the Customer or Customers de-
s sn aaa such extension will not yield
an adequate return upon the Gran
ices investment made for the purpose
of providing such extension.
SECTION 10. AS additional con-
sioeration for the granting of this
franchise, upon its approval Company
snail pay the municipality the sum of
Soo5.0o cash. Also, from and after the
last DAY OF the month in which this
franchise becomes effective Grantee
VIII pay to the municipality a sum
OF money equal to two percent (2Go)
OF the revenues of the Grantee from
tne sale OF gas service at retail (sales
tax exciuded) for residential and com
merclal purposes within the corporate
limits OF the municipality as such re-
venues are shown by Grantees records,
such payments to be due quarterly,
Provided. however, the obligation to
make said payment is conditional In
that the full amount specified shall be
pad during the term of this fran
chise unless and except should there
ne collected by the municipality from
the Srantee any new taxes of any ma
ture whatsoever imposed subsequent
to the date of this franchise, or Should
there De an increase in the rates of
any taxes noW being collected by the
municipality Except ad valorem taxes
now authorized by law. then the pay
ment herein provided to be made by
| the Grantee to the municipality will
De decreased by such amount.
| SECTION IL. The Mayor and Clerk
are authorized to execute upon the
part of the municipality all requisite
contracts with Grantee which have
been approved by the Mayor and
Board of Aldermen.
SECTION IL. The Clerk shall pub.
lish this ordinance and publication
hereof and notice of the election here
on shall be in the following manner:
BY publishing said Ordinance one
! " time only and publishing said no.
tfce for three (3) consecutive weeks
prior to said election, in the Durnnt
news, newspaper published in this
municipality, Grantee shall nav to
said Clerk any and all costs and ex-