Holmes County herald., 1963-04-04

| AlAuAlAN1EdAASy, ain w OACNll ANA-
ty consumers, both within and
beyond the limits thereof,
electricity for lighting, heat
ing, power and all other pur-
poses for which electricity
may be now, or hereafter
used, and for the purpose of
extending it's system beyond
the limits of the municipai-
ty as they now may, or may
hereafter exist.
SECTION 4. The poles, tow
ers, conduitS, cables, conduct
ors, transformers, fittings, ap-
pliances and appurtenances,
whether now in use or here
after devised, shall be con-
structed so as not to unreaSOn-
| ably interfere with the proper
use of the streets, avenues, al
leys, ways, bridges, public
| places and grounds in said
municipality, the municipal
ty to approve location of same,
and same shall be moved at
| expense of Grantee when nee
essary for paving, and shall
be maintained in a reasonably
| safe condition and repair.
SECTION 5. Subject to the
approval of regulatory auth
| critics having jurisdiction,
Grantee may, from time to
time, declare, make and en-
force reasonable rules and
regulations as condition for
the sale or distribution of
electric current by it to the
municipality, or any consum-
er therein or Whereabouts dur
ing the life OF franchise.
SECTION 6. In the event
the supply of electric energy
should De interrupted or fail
by reason OF accident, or
otherwise, beyond the control
Of Grantee, the Grantee shall
restore the service within a
reasonable time, and such in
terruptionS snail not cOnSti-
tute a breach of this franchise,
nor shall the Grantee be liable
for damage by reason of such
Interruptions or failure.
SECTION 7. Grantee will
pay to the municipality the
sum OF One-Hundred Dollars
tSlOu.00) promptly after the
effective date OF the fran
chise. In addition to said ini-
tial payment Grantee will pay
to ule municipality a sum OF
money equal to two per cent
(2%o) of the receipts of the
. Grantee from the sale of cleo
trio service at retail for resi-
Dental and commercial pur-
poses (saleS tax excluded
within the corporate limits
Of the municipality as shown
by Grantees billing records,
such payments to be due quar-
terly and the annual aggreg-
ate amount of SUCH payments
shall not be less than $4,000.
Provided, however, the obi
cation to make said payment
is conditional in that the full
| amount specified shall be
paid during the term of this
franchise unless and EXCEPT
should there be collected by
the municipality from the
Grantee any new taxes of any
nature whatsoever imposed
subsequently to the date of this
franchise, or should there be
an increase in the rates OF
any taxes now being collected
by the municipality Except
ad valorem taxes now auth
orized by law, then the pay
ment herein provided to be
made by the Grantee to the
municipality will he decreased
by such amount.
SECTION s. 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 8. The Clerk shall
publish this ordinance accord
ing to the requirements of
law, as soon as practicable
after the passage hereof, and
Grantee shall pay to said Clerk
any and all costs and expenses
of such publication and like
wise all costs incident to the
holding of the election herein