Laserfiche WebLink
notbing herein ;:antained shall be construsd as • vairw or surrer3er ot sucb <br />pawere or othez ri6bts canferred ty 1av cxn auaicipal corpora`laot. <br />? ' I.n n jn,3tructlc)n, me?intenance or repsir of i+8 propx:.r*.,ies, the grantee <br />ehsll ecxrply viGh all nsulatiar_a existing or the?t may thereafter bt Bads by the <br />ftx,i :ipality •ppl t,able to sai3 grantee, and the srantte sbi?1), be liable for <br />riamges t?at ry arise by reason of ita hilure or wgl.ect to caM3.r Mith a:ce <br />reeiletinnm and •hall save the 14nicipa;ity 2yaralea• fraa sqy anQ a12 CUlas <br />for daarges by reason of euch failure or neglect. <br />8ection F: 1he gn?ntee s2ys12 hil.ly indemi.fy the Minicipality atrd <br />aave it haraless fras arp? and sll damsgee the?t the Muiicipslity any e-tistain and <br />from alI jud.gyuerite, decrees, coats and expenees, Mhich the M,saicipa.2.ity r?y, ia <br />any mi?nmr, sw°fer, or incur, ewd wtiich misy be rscowrabLs fram or oDtwimd <br />? against the A1unicipa],ity for or by resson of the granting of the righta bareDy <br />confsrrad upon *.hr grantee or grwring out of or resul.ting fr-om the exereise awd <br />ust by the sre?ntee of arLy of the rights hereby granted Lo it. <br />Sectioa 0: !ar • period of ten years after the taking tffect of Lhis <br />franchise the grantee my chsrge for eupplyiag the service of aid utility to ttre <br />Muuicipality and in?abitant$ thereof ratea equivaleat Lo the higberrt schedulo of <br />rstes in offoct urxier the Mu?icipality' e operatioa ot said utility during the <br />period trom the granting ot this tranchiae to the effective date of this fraa- <br />chise, inereared by trn per cent. <br />TM payseata to be made by said Muaicipal.ity to said gruntee fur ser- <br />vices or producta af the Utility to be furnished to said Municipelity siwll be <br />peid ta the granLee smi-annuwlly on or before the tenth days of JLre e?rd <br />Decatabe:r in ewc?, y*.Aur during the term of this contresct; and in ordar to provid,e <br />aeuria for the pajwnt of s11 anoounta tu Le paid by *aid Muiicipnlity under Lhie <br />c.ontract, in the event 2Lrsds are not avuilaDle frvs ar?y other eource, the ssi„d <br />MAnicipai.ity in i*.c anntaal budge?t erd taxation and appruprie?tion oMine?ncss each <br />year during the teriai of this contract, obligt?tae itself to include sM levy a <br />suPfic ie:t aua un a1l the tacsblQ propr.rty in said Muilcipality to pay !or sucb <br />servir.ee nr producte, the p:•occeds of vhich levy shsll be pl.uced i.n a separate <br />tLnd aaQ whi+'h taxeq, vhen co2lected, ahail be held invioiate for that purpose. <br />Sc ct i oa H: La the event t,hac the abvw ratea (vhiah are ainl.sn rot,es - <br />not aauiaum rsteb), sha11 provra insutficieat to parovide revenues yielding, after <br />a»et irrg operating and arintenance ctr?rges in ampwnt Consistirit MitD souad a1?oNp- <br />seat snd ccmerinurate WSth the eervicea required by the Mmlcipality, aa annual <br />zrturn of apparoxiatt,eljr six per cant on the reasonablt ralue of the util:.ty, ia- <br />eluding • tyssanable allowance for deprtciation, Dlus the coeL of L*ttermeuts, <br />iaprovewe=xte arcd exteneior?e, lesa deprr.ciaLlon thereon, as aay hsve '--*rn required <br />or apprUVe.i t,v ,te Mun:cSpal.;.y, t.he Muiicipality, by sppr.opriate ordinsncee, ehall <br />raise au-2, rdtxt:, or approve e?ryd authori.ze ectian of the gre?ntee rsising such rates, <br />suff i^ ien*. L,v to produce s ach returr in the masuser required by aqy appl icwb? e lsr, <br />but Ltx dutf af the Municipelity ta rai", or to approrrr aAd authorize the graateo <br />to mise, such ratee shall arise fortbdriLh upon the reqyest at Ltx gn?eetea, srq? 1w <br />Lo the cuntrury natwithrtanditg. In the event suen acties 1y the M:aicipnlity lr <br />? <br />21 <br />