Loading...
Ord 1312 11/4/1940 ORDINANCE NO. 1312 CIRD14�14CE by the Board of Aldermen of the Ci�y of Wichita Falls , Texas , expressly granting to the purchaser, or purchasers , of the Waterwork's System of said City, the exclusive right , privilege and franchise to operate the said System, in the event of default in the payment of all , or any portion, of the A00,000-00 'CITY OF WICHITA F'�LLS, TE�� , VIATERIUORKS SY,3=11 ruTUOVEKENT REVEIqUE BONDS, ' dated October 1, 1940, authorized at the election held in said City on the 30th day of September, 1938, for the purpose of improving, enlarg- ing, extending and, repairing the ',,Vaterworks System of said City, and which franchise shall run for a term of twenty years from the date the properties of said I�Vaterworks System may be acquired by such purchaser, or purchasers, by judicial sale, or other- wise; and enacting provisions incident and relating to the subject and purpose of this ordinance ." 14-EAS, heretofore , to-wit: on the 23rd day of September, 1940, the Board of Aldermen of the City of Wichita Falls, Texas, pursuant to authority conferred by the Constitution and laws of the State of Texas, particularly Articles 1111 et seq. , of the Texas Revised Civil Statutes of 1925, as amended, and also pursuant to authority conferred by a vote of the qualified property tax- paying voters of said City, voting at an election held for the purpose on the 30th day of September, 1938, passed and adopted that certain ordinance, the caption of which is aa follows: ORDINANCE NO. 1308 ORD_TIT��ZCE by the Board of Alderraen of the C i`�y ,of Wichita Falls, Texas$ authorizing the issuance of bonds in the principal sum of §400,000.09, d 'griR ted as 'CITY OF WICHITA FALL T"'EM ',nIATERWORKS 6YSTEIVi I1EPR OVMENT 1 ONDS for the purpose of improving, enlar ing, extending and re- pairing the Waterworks System of said City; prescribing the form. of bond, interest cou- pons and certificates of registration; pledging the revenues of the City's `�Vater- works System to the payment of principal and interest of the bonds, after providing for the expense of operating said System; further securing said bonds by a mortgage on all the properties comprising the City' s entire Waterworks System, acquired or to be acquired; enacting provisions incident and relating to the subject and purpose of this ordinance ; and declaring an emergency," 20 and which said ordinance is of record in Ordinance Book No. 8t of the inance Records of said City; and, MEiEAS, it is expressly provided in the aforesaid ordinance that the Ivilayor and City Clerk will execute a proper Indenture, or Deed of Trust, making effective the lien on the City's entire Waterworks System, and on the revenues and income of such System, to pay the onds and interest �hereon as they mature, nam- ing the CITY HATION.AL BANK IN V,1ICHITA 31A, LLSS , `,7ICHI FAILS1 TEIL_�Sp as Trustee, and shall file a duly authenticated copy of such Indenture , or Deed of Trust, with the City Clerk, and the same shall also be placed of record in the Deed of Trust and Mortgage Records of Wichita County, Texas; andt � MHE", , such Indenture, or Deed of Trust, has been duly executed and filed for record in accordance with the afore- said ordinance No. 1308; and, (,,,WHIE�EAS , the Board of Aldermen has duly ascertained that such Indenture) or Deed of Trust, has been recorded in Volume 145, page 123 et seq. , of the Deed of Trust and 1,41ortgage Records of Wichita County, Texas , and that the same has been filed in the office of the County Clerk of said Uounty as a Chattel 1,11ortgage , being Chattel lJortgage No. 9729, registered in Volume 62, page 65, of the Chattel Mortgage Register of Wichita County) Texas; and� a part of the lands comprising the City' s Waterworks System being in Archer County, Texas , the Board of Aldermen has also duly ascertained that such Inden- ture , or Deed of Trusts has been recorded in Volume 24, page 605 et seq. , of the Deed of Trust and Mlortgage Records of Archer County, Texas, and that the same has been filed in the office of the County Clerk of said Uounty as a Chattel M-ortgage, being Chattel Mortgage No. 9970, registered in Volume 22, page 224, of the Chattel 'Mortgage R,,gister of Archer County; Texas ; and, EAS, in accordance with the aforesaid O.-dinance No. ""13082 the said Indenture, or Deed of Trusts does 4 stipulate and provide for a grant to the purchaser, or purchas- ers, under any sale or foreclosure thereunder, a franchise to operate said Waterworks System,, and properties so purchased, for a term of twenty years dating from the purchase; and, _�VHIkIAS as provided by Section 121, of the Wichita Falls Charter, the fb1lowing, public written report con- taining recomaendations in respect of the proposed franchise has been made to this Board by the City Manager: Al ��, o the Honorable Tuayor and Board of Aldermen , of the City of INichita Falls : Pursuant to Section 121, of the Wichita Falls Charter, I hereby recommend the adoption of an ordinance granting to the purchaser, or purchasers, of the Waterworks System of said City , the exclusive right, privilege and fran- chise to operate the said System, in the event of default in the payment of all , or any portion of, the 4, 400,000-00 "CitY of Wichita Falls , Texas, Waterworks System Improvement Revenue 13onds ," dated October 1 , 2-940 , authorized atthe election held in said Uity on the 30th day of September , 1938., for The pur- pose of improving, enlarging, extending and repairing the "Nater- ty. works System of said Ci The above mentioned bonds were authorized, and will be issued, under authority of Articles 1111 et secl. , Texas Revised Civil Statutes of 1925, as amended by Chapter 122t Acts 1933, Regular Session, and by Article 1111 it is expressly provided that any city issuing bonds thereunder, and as addition- al security thereforp by the ten-as of such encumbrance, may grant to the purchaser under sale or foreclosure thereunder , a franchise to oDerate the systerti and properties so purchased for a term of not over twenty years after purchase , subject to all laws regulat- ing same then in f orceo It is believed that it will be to the best interest of the City, in the issuance of said bonds , to support the same with all security authorized by the pertinent statute . Respectfully submitted, this 19th day of October 1940. J. Bryan h1iller, City Manager, J�tD 'VVAEREAS, the Board of Aldermen also deems it advisable and to the interest of said City to grant by ordi- nance to the purchaser, or purchasers, of said Waterworks Sy8-teri, pursuant to any judicial sale , or otherwise, of the mortgaged properties , the right , privilege and franchise to operate the Waterworks System of said City; therefore, �Bt; IT ORDAII 7- D BY -6� BOARD OF ALDEE RJEN OF TlrD� CITY OF WIC-HITA FAL15f as follows: IN14-7014ON-1 That in the event of judicial sale , or otherwise, of the mortgaged -,properties, in order to enforce the payinent of the f400,OOO-OO -UITY OF IVICIHEITA FALLS , TE:MS, -P WATERVIORK3 SYST12dr IMP'R0TT,,'7,1NT REVMM BONDS ,11 dated October 1, 1940, authorized by the qualified electors of said City, voting at an election held for the purpose on the 30th day of September, 1938 , in conformity with the Constitution and laws of the State of Texas, particularly Articles 1111 et seq. , of the Texas Revised Civil Statutes of 1925 , as amended, the said City of Wichita Falls herein and hereby grants to the purchaser, or purchasers , under any sale or foreclosure thereunder , the exclusive right, privilege and franchise to operate said Vlater- works Systar-1, and properties so purchased, for a term of tiventy years , dating from the purchase, subject to all laws regulating same then in force, as is provided by Article 1111 et seq. , Texas Revised Civil Statutes of 1925, as amended; it being the intent hereof to grant a franchise which shall become operative and effective only in the event of sale of the Waterworks System under foreclosure proceedings, pursuant to the Indenture , or Deed of Trust, hereinabove mentioned ; provided, however , that as authoriz- ed by Section 122, of the Charter of said Gity, such franchise may be terminated by ordinance at specified intervals at the end of each five ( 5 ) year period from and after date of purchase of said System and properties under foreclosure proceedings . The term "specified intervals" is here construed to mean that any ordinance adopted by the Board of Aldermen for the purpose of terminating such franchise shall be adopted by said Board within one month from and after the end of each five ( 5 ) year period during the existence of such twenty ( 20) year franchise, whenever the City shall determine to acquire by condemnation or re-purchase said System and all properties necessarily used in or convenient- ly useful for the operation thereof; and themethod of determin- ing the price to be paid for said System and properties, in event condemnation proceedings are not instituted by the City, shall be by arbitration as provided by the statutes of this State, with the right of appeal reserved; and provided further, that such franchise shall be subject to the right reserved by the City in Section 123, of its Chai-ter; that is to say--- (a) To repeal the same by ordinance at any time for misuse or nonuse; (b) To require proper and adequate extensions of the System and service, and the maintenance of the System and fixtures at the highest practicable standard of efficiency; ( c ) To establish reasonable standards of service and quality of water furnished con- 4 A SiLmers and to prevent unjust discrimination in service or rates; (d) To prescribe the form of accounts, and at any time to examine and audit the accounts and other records of the System; and, (e ) To impose such other regulations as may be conducive to the safety, welfare and accomodation of the public. SECIfIOIXII 2: That, in addition to the considera- tion, which is the basis for this franchise, grantee will pay herein annually to the City of Wichita Falls, the simi of Five Dollars 45.00) for each year this franchise shall be operative, SECT�ON 3: When this franchise becomes effect- ive by reason of foreclosure and sale , as is hereinabove provided, if grantee desires to operate under said franchise, it shall file a written acceptance wi h the City Clerk of the City offichita Falls . \�'., SEC(TION 4: The prope�rties covered by this fran- chise shall be all properties, real, personal , mixed, or other- wise, comprising the Waterworks System owned and operated by said City at tlie time of any such foreclosure and sale . SECTI�N �:, This ordinance will not become effective until adequate public hearings have been held thereon and until two weeks after its official publication in final form, as provided by Section 121, of the Wichita Falls Charter; that public hearings will be held on this ordinance on the 28th day of October, 1940, and on the 4th day of November, 1940; that this ordinance is to be published twice, the first publication being not less than 5 days prior to the first public hearing, to-wit: October 23rd, 1940, and the second publication in final form to be not later than one day after the second public hearing, to-wit: November 5th, 1940; and the City Clerk is hereby authorized and directed to publish this ordinance in Wichita Falls Record News, which is the offical newspaper of said City, and in the time and manner herein prescribed. PASSED ND A this the _�2 day of 1940. MAY OR, C ITY OF Wd�UXI TA FA LIS 3' T E X A S. ATTEST: CLERK,, _CJ_T_Y OF IUCHITA �ALLS Ti� (C S�a '47- W /1,1111011 IIA_ T on 0�section, P A� T,_,"111 Of the No. 1312, AFFIDAVIT OF PUBLICATION P 1,,ddel,inen board of I in the council room of the eniorlsl., 00 rn -look P THE STATE OF TEXAS 23rd uditoriura 0'0 �Itdnnesdgky, 0 tobel �)L4 nc� I C,ing on Or4in No lingi I,)ubb1ic u, UNTY OF WICHITA 1 hot' Of 1312 w' held by the bokrq,th:'Ur-_. CO f "Men ill the CO roo-0 %look P. M.. morial auditoriu 1040 qqpq!�� Monday N6vember 4th, ---194----0. pit.gerald, maYO�, -city. of I D ........ W. 2-6TH day of -------- Wichit Fall§, Texas- On th-------------------------------------------------------------- H Crouch, City cle"k- city Attestt Texas (Seal). of Wichita I ORDINANCE NO. 1312 me, the undersigned authority, board of� personally appeared before F ORDINANCE by the "AN of Wichita F&118,�, aldermen of the city Texas expressly granting to the Plir_� Rot3l'. A . WILL.IAMS of the water- ................................................ bookkeeper for the chaser, or purchasers, I ive ... .................................. works 8YFtcfrl Of said city, the eXC�1�11sate .....------ ------- right, privilege ancl franchise to 01 in the event Ol the Wichita the ,;aid sYstemi all, �r any fault in the Payment of Times Publishing Company of Wichita Falls, publishers of portion of the $400000-00 'City ol� �Vaterworks sys-� Wichit� Falls, Texas, I date& tem im�rovement revenue bonds, ublished at Wichita Falls in Wichita Oct. 1 1940, authorized at the election Falls Record News, a newspaper p te 30th day of Sep- held i� said city on ti te ber, 193B, for the purpose of improv extending and repairing inmg enlarging, 0 nd Texas, and upon being duly sworn by me, on oath states that the ,w f skid citY, a County, the &terworks SY8tel term Which franchise shall run for a of twenty Years from the de,te the Prop- sing published aterworks sYsterr' may I ortig-% of said w purchaser, Or Pu attached advertisement is a true and correct copy of adverti be acquired by such W,r, or othe se; h -ors, by judicial sale as ' incident and enacting provisions and ct and purpose Of� 11 0 issues thereof on the following dates: relating to the subje, ..............N. I in -------------- this ordinanCe�" to�witz on the! Whereas, heretofore, f September, 1940 the boardl 23rd day 0 �j Wjchita� M of the city of alderme 'suent to &U'thoritY.con- ---------- 194-0.4. pglis Texas, Put of ............... ....................................... ferre� by the constitution and laws R----Rliv-----------...... ................... ... the-state of Texas, particularly article QCTW�E.... 1,111 ot spq., of the Texas revised ctvll� statutes of 1925' as amended, and ''Pursuant to auLthority confqred by RI 'led property taxpaying: il vo�e of the'qualif ' voting at an elte- --------------------- voters of said city pose on the 30th tl6n. held for the F iur 1938, passed and Bookkeeper for Times Publishing Compa,1111 ��day of Septembe-r tal,n ordinance, the' adopted that cel is as follows: of Wichita Falls caption of which NO, MB y t e board of-I "A ty of ic ita Falls alder en of t e Ci t e issuance - Tex '' authorizi it Subscribed and sworn to before me this the day and year first above bond In the ri ci al 8 Of $4 ,clt of, johits,FSL118,� :OM;'designate as -s 1 provement; written. Tex waterwor s Yste r OSe Of Im-, reven�e bonds�' for t e exten i g and re-[ 'proving, en r I �orkg system of said airing the-waterl in-i, .......... ............. I---------------------- 'pLty-, prescribing the form of bond, ARY. ublIc in and jor 2hi is and certificates of reg-1 S _1�t lChita C070101, teresV cOUPOI g the revenues of the I Notary Public in and for W Istration; pledgin, T" city's �w&terworlct system to the� pay Texas. uAnt''Of Principal and interest of the� bonds after providing for the,expense! system; further secur-� of'op�rating,said all the I - ing said bonds by ft mortgage on entirel toperties cO rising t city's rties red or to be go ire-_t- e acting provisions 111-ur". and rela g to t t subject and purpose of this r,ina ce;band declaring an1 a Job. Paid ordinance' n W,rn ,', trh tM e a UL ­U VLUL,,,,,,, ­� th,���mayor nd City Clerk Wil I �.ec.�e per in-;[ denture, or deed of trust, making effec-� tive,the lien on the city's entire water- works system, and on the revenues and iftQQMe Of auch system, to pay the 1 ,hofift arid interest thereon as they mLa. Ivib� AaMing tlie�City National bank in iolift",Palls, Wichita Falls, Texas, as iiGted,' ah.tl shall�file a duly,&Uthenti- ffia0d,copy 'Of such indenture, or deed of trust, with the city clerk, and the same shall also be placed of record iftl the de6d of trust'arid Mortgage records of Wichita county, Texas; and, Wherega, such indenture, Qr doed of tru6t, hag bteri dully executed and filed for record in stccordance With the afore- gaid Ordinance No, 1308; and, � Whereas, the board of aldermen has I 'duly ascertained that such indenture, or deed of trust, has been recorded in volume 145, page 123 et seq., of the deed of trust and mortgage records of Wich- ita county, Texas, and that the same has been filed in the office of the county clerk of said county as a chat- tel mortgage, being Chattel Mortgage No. 9729, registered in volume 62, page 65, of the chattel mortgage register of Wichita county, Texas; and, ,Whereas, a part of the landA compris- frig the city's waterworks system being in Archer county, Tekss, the,board of Atdermen;hag alSo duly ascertained that such Indenture, or deed of trust,,has been recorded in volume 24, page 605 et'-seq., of the doed of trust and Mort., gage records of Archer county, T"as, and that the same has been filed in, --the, office of' the county clerk of said 106,11,ty�sgl a chattel Mortgage, being' Chattel Mortgage NO. 9970, registered in volume 22, page 224, of the Chattel mortgage register of Archer county, Texas; and, Whereas, in accordance ' with the aforesaid Ordinance Nb. 1.308, the raid �Jddtntun, Ordeed Of trUbt. d0ek frjj�,�_&nd Pr6v de for a grarit--to the- 'purohaser,� or purchasers, under any ,sale or foreclosure thereunder; a fran. chise to.operate said waterworks rys- tern, and Properties so purchased, for a term of twenty years dating from the ,purchare; and, . Whereas, as provided by section 121, ,of the Wichita Falls charter, the fol-, lowing,'public written report contain. Ing,rdbrnmendations in respect of the Bed. franchise has been made to �bfiF'board by the city manager: �,To the'Honorable Mayor and Roard 'I-,,AlderrAen, of the City of Wichita rsuant to section 121, of the Wich- IFalls charter, I hereby recommend th adoption of an ordinance granting t6the purchaser, or purchasers, of the 'erworks system of said city, the ex- al sive'righti..privilege and franchise to 'Ith Ulp in 111101dance the aid Dres id ordina,11ce No� 1308 8 f tr 6t, oeg A denture, or deed 6 te and provide for t to the rcha�els, n er f any Ircluiser, Or Pu er. a ran ,le or foreclosure there a sa d terwor s sY5 to operate . for us, s properile so tirchase in rind rs a fro the te. of twenty Yea Lirchase; Ful tried by section 121, bereaq ns rol,',,, the fOl' i r�, " 't - eeeeeeee"111111 I I tten repo' cOnta' ati ns I, respect of the Ig reco 8. 0 lins be'en made to ro se fr Ile Ise city InIger: It's onr y the . nu ors le Mavor and Board e b �ty of Wichita] e the Cl er of S' 121 of the Wich- ursuant to section re�y recommend Falls charter, I lie adoption of an ordinance granting the purchaser. Or purcilasers, Of the of said city, the ex ,I lerworks systerri,ege I Lvsive ri , pr.I 'I ' and francIlise to y, event stem, in the or )1erate e sai S :� e It I e ayn"ient Of All�Jt 'Y rtio of, t e $400,000-00 1 ty ic ita Fa Is exas Waterworks 1� IM, , , Bonds." i1ste mprove e, t Revenue [ate ctobor 11 19 0, authorized at the !Iecti held n kald city on the 30th lay f eptember, 1 38, for�the purpose If I roving, enlarging, extending and :ep iring the waterworks syl'�erl' O� said 'itv. tioned bonds were FLU- ,the above men bhorized, and will be issue(r, under an Texas thority Of Rrtiles 1111 et seq.,amend- revised civil statutes Of 1925, 11 ed by chapter 172, acts 1(.)33, regular 1111 it 'I ex- session, and by nrtIcicS presslY provided that any CitY. issuing bonds thereunder, and as additional se- curity therefolr by the terms of such encumbrance, �nav grant to the pur- chaser under sale or foreclosure there- under, a, franchise to operate th Sys- tem and Properties so purcbas,,,�d; t­m of not OV er twenty Ye nisiti,g �T"rchase, subject to all laws reg 2L�;e then in force. It I., believed that it will be to the �6,.t interest of the city, in the iSsu- f aid bonds, to support the same ��wltle 011, security authorized by the pertinent statute.m Respectfully sub itted, this 19th day of October, 1940. City Manager. J. Bryan Aliller. I . a And whereas the board of Idermen also deerns It �dvisable and to the in- ter's 't Of said city to grant by ordinance to the purchaser, or purchasers,t�l s�allyl waterworks system, plu'SlUalot '. , otherwise, Of theriro(lergt; judicial sale, 01' , the right" , vI ga�ed Properties, operate the water- aQ franchise to work, system of aid ci Y; therefore, ard of RI- t, t Be it ordlilled by the bo dermen Of tile city Of Wichita Falls, Tells. as follows: Section I- That in the event of rt- diciRl sale or otherwise, Of the M() ga ed perties, in order to enforce t 9 the $400,000 "City Of he )a e as, Waterworks Sys- Nlrich'i Its. exR, e...n improve e t Revenue Bonds," a at,, Oct.1 0. authorized by the ate city. voting q u �d alified ele�t r 5 Of said _e on at arl elect on In Id for the purpos t, 3 f September, 1938, in e Oth dayt the constitution and le f r I as particularly laws of t p at te of TeX " . .1 of the Texas Re- Articles 1111 Ot lect 25 as amend- �vised Civil StRtu es Of l' ' here- ed, the iid city Of ichit alls s� 'a is th rchaser, in and hereby gl to e 'or purchasers, u er a V,xsa e r fore- closure thelreunder, ,e a c-I sive right, *anch s to er te said privilege I and fr en. a e ro ertieg so water�;;rks sY1t I ears, dat- purcha�ed, for a tcrm f s all r s. Ing frprn the pli chas ject to law,, regulating saille en in force, as is Provided by Article 1111 et seq., Texas Revised Civil Statute's Of 1925, as amended; it being the intent hereof to grant a franchise which shall be- come operative and effective Only 111 the event of sale of he waterworks e rocee ings- .,ysten, under foreclOsur pursuant to tile indtnture,'Or ee Or trust, 11eirtrinbove �mentione ; rovi �ed, howevM that as ,,,_It ori?e by sec tjon 122, of the charter Of said city' such franchise mny be ter inated by -vatf; at t e e6fied Intel"'_'n d from d" e a per froill a nc a Id t sp Y � Y9 nd 01 each five e. of sa 'a -ch 'I e lod after d. e f pul r or e_I os-r d _'_ e s c I le ut' t-M and , tie -, , "O�ec". a.'."e ter p -fea. that T g si.,d to Val I h re on 1, aid s s _'r, by t b. lase __urcT Ystem and all properties neces sarily Used in or conveniently useful for the operation thereof; and the method of determining tile price to be paid for said system and properties, in event condemnation proceedings are not instituted by the city, shall be by arbitration as provided by the statutes of this state, with the right of appeal reserved; and provided further, that such franchise shall be subject to the right reserved by the city in section 123, of its charter; that is to say— (a) To repeal the same by ordinance at ft1lY time for misuse or nonuse; (b) To require proper and adequate extensions of the system and service, and the maintenance of the system and,fixtures at the highest practicable standard of efficiency; (c) To establish reasonable standards Of service and quality Of water fur, nished consumers and to prevent un- just discrimination in service or rates; (d) To prescribe the form of ac- counts, and at any time to examine and audit the accounts and other rec- ords of the system; and, (e) To impose such other regula- tions as may be conducive to the safe- ty, welfare and accommodation of the public. Section 2: That, in addition to the consideration, which Is the basis for this franchise, grantee will pay herein annually to the city of Wichita Falls, the suill of five dollars ($5) for each year this franchise shRII be operative. Section 3: When this franchise be- comes effective by reason of foreclosure and sale, as is hereinabove provided, 0! �� 1b utualnecl Cy une uoara 0, al-! dermen of the city of Wichita Falls,' Texas, AS follows: S(,ction 1: That In the event of ju- dicial Sala, or otherwise, of the mort- faged PiOPertie8, In order to enforce lie payment of the $400,000 "City Of Wichita Falls. Texas, Waterworks Sys- tern Improvement Revenue Bonds," dotted Oct. 1. 1940, authorized by the qualified electors of said City, voting at an election held for the purpose on the 30th day of September, 1938, In conformity with the constitution and, laws of the state of Texas, particularly lArticles 1111 et sect., of the Texas Re- � Ised Civil Statutes of ID25, as amend- ed, the said city of Wichita Falls here- in and hereby grants to the purchaser, `Cr purchasers, under any sale or fore- closure thereunder, the exclusive right, privilege and franchise to operate said, waterworks system, and properties so I purchased, for a term of 20 years, dat-' Ing frpm the purchase, subject to all� laws regulating,, same then in force, as, Is provided by Article 1111 et seq., Texas Revised Civil Statutes of 1925, as amended; it being the intent hereof to grant a franchise which shall be- come operative and effective only in the event of sale of the waterworks system under foreclosure proceedings. pursuant. to the.indenture,I or deed or trust, .46reffiabove .mentioned; provid- ed, however� that as authorized by see- tion 122, of the charter of said-city, such franchise may be terminated by ordinance at �,PeCill,e)d intervals at the end of each e (5 year period from ,and after date of purchase of said sys- tem �nd Prop�rtles under foreclosure 'ding Th m pro - s' c ter specified inter vals��e Is here construed to mean that the board Sys n """ a"Pr' "d or con v' c 0 c ti-n t'"' c de le'rot-Ing -'Y8 at n c C de n '0 et s b e t said 11 01--repurclift-8e) sYsteni and 11 Properties neces- sarily 'Used in Ora onvenlently useful for the Operation cthereof; and the! Method Of d0tellnining the price be Paid fof said system and Propertletso ru In event condernnatioll Proceedings are tin tt.t d not Instituted by the city, shall be by s " " _, arbitration as Provided by the statutes Of this state, With the reserved; and right Of IPpeal s provided further that Ile franchise shali be subject �o the right resprved �Y the city in section 123, Of its V arter- that is to say— (a) 0 repeal th'e at any ti e for is sarne by ordinance (b) 0 require p 01' nonuse* extensions Of the roPer and adequate 9 and. the niaintenany'tem and service, And*flXtures at the cc Of the system Staradard of efficielle highest practicable (C) To establish r Y; eFI80nable standar of Service and quality of water f cis .Irhed consumers anq to prevent U1 Just discrimination I un- (d) To Prescribe nthe'ervice or rates; counts, and at a form Of ac- 'y time to examine and audit the accountsland other rec- "cls Of the system-, a d, (e) To impose such tion other regula- I I's May be conducive to the safe- tY, welfare and accomnlociation Public. Of the Section 2: That in addition to the consideration, wh�ch - the basis for 41118 franchise, granteelswill Pay herei annually to the city of Wichita Fallsn the suol Of five dollars Ise ($5) for each Year this franch shall be Operative. Section 3: When this franchise be- comes effectiVe by rea f foreclosure and sale, as is hereisnoanboove Provided ft grantee desires to operate uncle� said franchise, it hall acceptance file a written city With the city clerk of the Of Wichita Falls Section 4: The properties covered by this franchite 'hall be all properties real, Personal, mixed, or OtherwlEie' Comprising the Waterworks systcll� Owned and operated by said city at tile time Of any such foreclosure and sale. Sect 0 5: is Ordinance will not' become effective ntil adequate public hearin 9 ave been eld thereon anct until 0 eeks after its licatio in final for Official Pub- ,c as provided by Rectio 121, Of t e, hita Falls bar- ter; t at Public earings will be held on this or inance on the 28th day of October, 1940, and on the 4th clay Of November, 1940- that this Ordinance is I I to be Publishe4 twice, the first licmtioft being not I Pub- J e8s than 5 days Prior to the first Public heari 23, 1940, and the secon 11g. to-Wit: Oct Publication in' I inAl torM to be not later than One! day after the Second public h'earihg tO-Wit: Nov. 5, 1940; and the city cltr� is hereby authorized and directed to P_ublisli this ordinance in Wichita Falls Itecord Xtwa, which is the Official news- P"Per Of said city, and ein Pre cribed. and Manner hel An the time Patted and aPPI-Oved,s this the day Of —, 1940. Mayor, city of Wichita Falls, Texas. Attest: city clerk, City Of Wic4ita Falls, Texas. (sex. 102s, PARAGRAPH LIKE COPY.. RECORD NEWS�. OCT 23t NOV PURSUANT TO THE�pROVISION OF SECTION rr,JE WICHITA FA s C14A--)TER PUBLIC Hf-ARING No. 121 OF L J- , , 1, -1, E BOARD OF jV LL BE 1ELD BY TH ON ORDINANCE NO * 1312 ) kLDERIPEN IN THE COUNCIL GOI�! OF TFE pjEvjoj?,IAL �--UDITORIUI'41 AT 8: 00 O' CLOCK P. 1J. ATEDNESDAY OCTOBER 23RD, 1940s AND FINAL PUBLIC H-0��' 1312 WILL BE RITIG 01' ORDINANCE NO . HELD BY THE BOARD OF ALDER:,EEN IN TIE COUNCIL ROOM OF TTH:.,�,' IvEIVIORIAL, AUDITORIU1,11 i-J 8:00 O' CLOCK p. V1. 1FIONDAY NOVEIVIBER 4TH, 1940. FITZGERALD C OF U —CH.ITA FALLS , T E X A S. �..ATTEST: Q!-TY OF WIC,,'-ITA FALLz), T-�X-�- (Seal)