Ord. 227_Allowing Electric Railway in Certain Areas

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Section That the track of said railroad shall l)e placed as nearly as possi 'l>le in the moddl e of +'_ e sf.reet.s on whicl'_ said tracks are laid. Section 3. Va t? -e. rate 0f f'arP for ally 'ti stance oupr said road fir its branches in said City, o11F'• way, includin°: ti -e rate of fare in Said Cii;y over r,.ny r;onnectin` :ktxm roa'i,shall not exceed f'ille cent s for anY one Passenger. Section 4. That the sa.i d grantee, or his assiGrls,must, during the lif:'e of said 7ranchist=►pay to the City 0f' Gol-ton, two Percent of the gross xFcl�$ptxx annual receipts of the said-;raotee or his aSsi`nS arising From il:,s 11s�:,operat t.nn or possession. "hAt i0 percentage shall be paid for the first fi-ve year's silcf;aedirig date 0f the franchise, but thereallter such per.centage sl -all be paldble. annually; attd in tie event said pa .mPr,+, is not mads sa,tfi i_so s' all be 1 orfei ted. That in casetM-A frmich.ise granted shall be, all ext�'r113it)tl 0f an ex - i stin`, line or systo=m of street rail road, then. the gross receipts shall be s t, i ma+,Pei :� be o e half of i; ie Proportion of t,? e gross receipts ��f said syst)m,171-,iah the Inilea e of silo!, h71rs to t?:e total mil. age of the whale system,and said ,sti mate° Oall be concll_rsilre as t^ the amo'ult> of the gross receipts' of Stich exten ion, Section 5. That.th-e w -rk of r.01�1,ssbructing t}'e said railroad shall 'he comlienced inorad faith uvithin of the -.ranting of said francl=ise,and if not, so coi-rtnencrd Zvi t}1ir1 sai-d time,said franchise here by °:ranted shall be declarer] f'rjr i'o i t P,i; arld said railroad siliall be cool pleted within not more than J years after the trantin` of, said f ran chile, -_yid If not so completed lvithin said time, said ilranchi s- hereby grpmted shall be t.?iat f r1Y' good cause shown, t?i_e T Trustees of tie City of Colt rinmay,by >' ;(_lutioil, extend said time j(or V p c:3m0,?eti t.}lererit' no; excaedin�, t4444triontl,s, Section h. That the tracks of said railroad shall not 1,e ore than five feet between the rails,and said road shall 11,E constructed of "T" rai l s,a.nd t", 'e I[Iot?.ve Power used in pruf e.llint- the Cars Of said rail roar? sl 1.1 electricity. Section 7. T11a t the tracks of said rai.lro�4d shall 0011;