The journal. (Caldwell, Ohio) 1934-1961, 1960-05-19

of Caldwell. Ohio, on the 4th day OF
May. 1855, entitled, "Ordinance no. no
price that may be charged by The
Permian Oil and Gas Company: its sue,
cessors or assigns. for natural, mixed
or manufactured gas in the Village
Of Fivet5S Years from and after the
effective date of this ordinance; -,
be and the same is hereby repealed.
SECTION d: The terms and con,
ditions OF, the service to be rendered l,ehs Ss1
| to the Rules and Regulations for fur
nishing gas service of the Company
on file with and approved by, The
Public Utilities Commission of Ohio.
SECTION S: That the natural gas
| furnished or delivered pursuant to the
| terms of this ordinance. by the, said
| Company, shall have an average heat
| ing value of 1000 British thermal
units per cubic foot for any .consecu-
| iect to a variance of not more than
five, (5) percent upward or down.
SECTION 6: In the even. the State
| Ohio, should hereafter impose tax
upon Permian, that is not now
| imposed, or should hereafter increase
the rate of any tax now imposed upon
existing, other than the rate on prop
| erty listed in the real estate tax list
| and duplicate, then the rates prescrib-
| ed in Section l shall be increased to
! the extent necessary to compensate
| Permian for the increase in cost due
to such new tax or higher tax rate.
| This shall be done in the following
| manner:
rate is computed in direct relation
| to gas sold or revenues received for
| the sale of gas, the rates set forth
herein shall be adjusted to the extent
| necessary to recompenSe the Com
pany for the amount thereof.
| (b). If the new tax or higher tax
rate is not related directly to gas sold
or to revenues received for the sale
of gas. then the total dollar effect
thereof upon the cost Of serving gas
by Permian in the Village shall be
| determined, based upon operations
of Permian in the Village during the
| most recently available twelve months
period ending on the last day of the
| fective date of the new tax or higher
| tax rate; the total dollars SO computed
shall then be divided by the total
sales made to the types of customers
| covered by this Ordinance during the
same twelve. months period and the
rates prescribed herein shall be COR
respondingly adjusted.
The adjustment of the rates pres
| cribed in this Ordinance, as provided
in subparagraphs (a) and (b) above,
| shall be made by rounding the mathe-
matical result of the computations so
. prescribed to the nearest one quarter
cent (.25c) per one thousand cubic feet.
| The adjusted rate shall be placed
| in effect and shall apply to all meter
| readings occurring on and after the
effective date of the statute, ordinance
| or resolution pursuant to which the
new tax or increased tax rate is
| imposed.
Written notification of the adjust
ment shall be sent to the Clerk of
thu, aIr lxy IL L.
after the effect Of the new tax or
higher tax rate 7can be determined.
| SECTION 7: That any ordinance or
| resolution, or part of an ordinance
| or resolution, inconsistent herewith.
is. to the extent of such inconsistency,
| hereby repealed.
SECTION 8: That should any section
or part of section or provision of a
section, of this ordinance be declared
SECTION 9: That this ordinance
shall become effective at the earliest
date allowed by law. provided, how
ever. that this ordinance shall have no
force or effect whatsoever unless
| written acceptance of this ordinance
is filed by Permian with the Clerk of
the Village OF Caldwell. Ohio. prior to
the expiration of thirty 1907 DAYS from
the date this ordinance is passed.
Attest: Violet Morgareidse. Clerk
CHESTER J: HOWILER. Mayor
| Passed: May 3. 1860
| CERTIFICATE
4 Violet Moragreidge, Clerk of the
Council of the Village of Caldwell
Ohio. do hereby certify that the fore
going is a true and correts copy of an
Ordinance passed by Council at a
meeting held MAY 3, 1860
ISL Violet Morgareidge, Clerk Of
Council.
ACCEPTANCE RATE OF ORDINANCE
! KNOW ALL MEN BY THESE PRES
ENTS. that M. E. Beck. Secretary of
The Permian Oil and Gas Company,
for and on behalf of said corporation.
hereby consents to and accepts the
Rate Ordinance. designated as num-
ber 226, passed by the Council of the
Village of Caldwell, Ohio. in favor of
The Permian, Oil and Gas Company,
on the 3rd day of May. 1860. and
known as Ordinance No. 226 on the
records of said Village.
Executed in duplicate this 4th day
- M: E: Beck. Secretary. THE
PERMIAN OIL AND GAS COMPANY.
| (d7 O.,