Ord 1084 1/4/1932 NO. 1O84
AN ORDINANCE GRANTING `�0 THE I I ITA _`LLS TRACTIOI`� COp�?'AIff `i-E
RIGHfI' TO G'hARGE 'LL `)ASSENGERs EXCEPT SCHOOL CHILDREN} A FARE OF
TEN CENTS ON ITS STREET CARS A W BUSSES, PROVIDED THAT, '��HMQE AS
- T
AS THREE TOKMiS ARE LRCIIASED IN ADjvAI4CE, SAID 'i7ICT-iITA FALL
TRACTIOj COI�TANY TILL SELL SUCH TIETHM TOM ITS FOR T,,(ED1TY-FIVE. CMTS.
FOR A PERIOD OF THREE 1 ONTHS FR0M THE FINAL PASSAGE TEER EOF V I D
M TER UNTIL AND UNLESS THIS ORDMAYCE BE RE•P ALED* AND DECLAR-
TING AN GENCY.
BE IT ORDAT TED BY THE BOARD OF ALD 'r : ' O TIC CITY OF
ICHITA FALLS, TEXAS:
Section 1,
That the `.' ic'rita calls 'fraction Compan be, and it is
hereby authorized to charge on its street cars and busses a fare
of ten cents for each passenger (except school children) , provided,
however, that, where as many as three tokens are purchased in ad-
vance, said y-ichita malls Traction Company willsell such three
tokens for twenty-five cents.
Section 2.
This ordinance shall continue in force for a period of
three months from and after its final -passage and thereafter until
and unless it shall be sooner repealed.
Section ,,
In view of the fact that for some months the =ichita
Falls Traction Company has been operating its street cars and
busses at a considerable loss and it is impossible for it to con-
tinue to overate its street cars and busses under the prevailing
fares, there is created an imperative public necessity that the
rule requirinU that an ordinance be read on three several days be,
and the same is here now, suspended and this ordinance shall take
effect from and after its, passage.
PASSED A,�D Ate.: ROVED THIS THE _DAY 01' JANIU uRY,1932.
L �
�iiayor.
ATTEST:
C er .
1
r _
Wichita Falls , Te:,:as,
December 28 ,1931.
Honorable i,`ayor and City Council,
Wichita Fay-ls, Texas.
Gentlemen: -In
entlemen: -
In accordance with your request ofTDecember 7th,
at first hearing regarding raise in rates of Flichita Falls
Traction Company, we herewith hand you balance sheet as Of
ivov4mber 30,1931.
I assure you, and do hereby make oath that
Wichita Falls Traction Company has not forwarded any money
at all to any holding company or individual in any way what-
soever at any time during the year of 1931.
I further affirm that all receipts that have been
taken in during the year have been spent for salaries and
supplies for the operation of the Traction Company.
Furthermore, there has not been any money paid
as interest or set aside for depreciation during this year,
but , for your information I will state that we have harouisian
d to
borrow money from North Texas Coach Company ansucnxas salariesa
Power Company, to use for operating expenses,
taxes, r,iaterisl, etc.
Also, I guarantee that no money received as receipts
of the Traction Company during the next year will be sent out
of Wichita Fails to pay any managing fees, interest or (.,eprecia-
tion accounts.
I also guarantee further that all L:ioney taken in as
receipts will be spent for salaries, power and maintenance of
and if receipts justify, any money not
the present eo,uipment , ui ment and
needed for the above drill be spent for new eq p
betterment of the service.
I assure you that my Company, and myself in par-
ticular, want to work in conjunction with the Council and
would
will do all in our power to continue to operate,
ill d aioiate any suggestions at any time from either the Council
of the City '.;°anager.
y,)ur s very truly,
r-
Vice reside t and Gen. l',lanage ,
yJICHITA FALLS TRACTION CO IPAIdY
STATE OF TEx�.S)
WICHITA COUNTY)
Before me on this the 28th day of .,)ecember, person-
ally appeared L.L.Allbritton, to me known to be the Vice Pres-
ident of gichita Falls Traction Company, and acknowledged that
the above statements were true and correct , and twat he was
signing same as his free and voluntar act and deed.
Notary Pu 1c.
1933.
,:.y Commission expires Tune 1,
WICHITA, FALLS TRACTION COMPANY,
BALAi10E SHEET.
November 30,1931.
ASSETS:
29 ) - 205,000.00
Going Concern Value - (A ),.)raisal 4/30,i9 n 1,346,028.00
Fixed Assets -
purchases since 4/30 ,1929 :
854.36
Feeder Line c:;onstruction--- 3�348,77
Cost of Buses - - - - 82.00
Office Equipment - - - - _ 387 .78
disc.:equipment - - - - - 974.58 5 ,647 .49
Bus Garage Construction
Current Assets: 6 635,43
i.2aterisl and Supplies - '
Deep oil Development Co . 625,00
Accounts Receivable - - - 30.53 1a32— 8,613.33
Bank Balance - - - -
Deferred Charges: 671.85
Unexpired: Insurance - 122.73
Prepaid Tax on Buses - 545.91
Insurance Deposit - - 32.20 1t372.69
Prepaid Subscrip.&, Taxes
12566, 661.51
T 0 T A L A S S E T S - ,
LIABILITIES:
1502000.00
Capital stock - - - - 122,878.60
Texas-Louisiana Power Co. -
Current Liabilities: 210.50
Accounts Payable - - 798.60
North Texas Coach Co. - 2,
Gross Receipts Tax Accrual- 398.34
2,150.63
Accrued Taxes - - - - 3,127 .13
Accrued lay Roll - - 2,109.26
Vouchers Payable - - 550.00
Accrued Salary - - - 18,333.34 29 ,677 .80
Interest Accrued - —
198,260 .52
Depreciation Reserve (Appraisal) - - 21,251.92
Accrued Depreciation -
1,088,851.38
Surplus ( Appraisal)
44,2;&.71
Operating Loss .1:1--mant-ha, 1931.
T O T A L L I A B I L I T I E S -
1,566,661.51
AN 01M INANCE(RECITING `MAT T�iME tIS UNDgh CONSIDERATION A PROA
POSAL TO RE-WRITE AND AF E'ND ITT,, lT A1dCWCOITANY
E AHD AL* T
T11"a"iEOF OF THE 11C1iITA FALLS, 11�AAVTIO 1 AIUi) GRANTING
TO. THE INICii `1A FELLS TRACT ION COVIIA �Y T T, RIGHT 't�'C► CHARGE ALL
PkSSENG ryR a kEYCEPT SChOOL CHILDREN A FAROF 9 CE14TS ON
ITS ELECTRIC STREET RAILvV'AY LINES �OH A HE TOD �_
PP"
r r 3
BE IT ORDUN'ED BY TT E BOARD OF AIDEWEN OJT 'IIIE CITY OF
W ICHITA FALLS, TEYAS:
Section 1.
That the Wichita Falls Traction Company be, and it is
hereby, authorized to charge on its Electric street cars a fare
of semen cents for each passenger (except school children) .
Sect ion .
T, is ordinance shall continue in force for a period of
,onths from and after its fi al passage , r 7�Ei t= �r(,after until
unless it shall he,��"ealed.
Section S.
III view of the fact that there is l.ow under consideration
a proposal for re-draftin.�g- the franchise atA all amendments th re-
to heretofore *ranted iIichita �'a,lls Traction Company and t f rein
including new and changed scliedules of fares applicable at all
times to all conditions, and which, if adopted, would supersede
this and all other ordinances, fr"nci ises z ad amendi ents thereto
relative to fares and relative to the rii-}its and liabilities
of the �Ii.chita Falls Traction Company, a.nd the further fact that
the appli cat ion for increased fares i ro... -sue cents to--+si cent s
has been under consideration for some weeks a,nd it a.pp}ears that
temporarily at least , the application for said increase should he
granted, creates an imperative public necssity tpia.t the rule re-
ouiring t= at an ordinance be read on tt.res several days be , and
the sarue is here now, suppended and t4l.i,- ordinance sl.all tale effect
from and after its passage.
PASSED AND APPROVED THIS THE llth day of f4tmary , 1c.?a29
ayor
Attest:
Secretary.