1961-028 Council Ordinances (2) - Laserfiche WebLink

Home Search

reasonable hours to all of the Grantee's plans, contracts, engineering records, accounts, financial statements, customer and ervice records. SECTION 6. The Grantee, its leasees, successors, and assigns, shall not issue any capital stock on account of the franchise hereby granted for the value thereof, and shall have no right-• to r_m ive, upon condemnation proceedings brought by the Village to acquire the puulic utility using this franchise, any return of this franchise or its value. In the event that the Village of Lino Lakes determines that it wishes to enter into the municipal gas operation itself, then upon written notice it shall have the right to purchase all of the gas installations of the Grantee within the Village corporate limits, for the actual cost of con- struction including i _orata share of iinan:irg and edministrating such co: t, less deprecict: o'i. (For the purpose of calculating depreciation coots aed rep -gives, Grantee shall classify its property in conformity with the unife-ri:. s';> . cf accounts for c:as utilities heretofore adopted b7 the Nation.'_ Aseeeletion of Railway a7,4 Utility Commissioners and deprec _etior_ T.n.ZSS a;:propriate and app' ele shah conform to those eeeab1-._bed by the industry.) In case of purchase by the Village of L'_io L cs, t;.._ Grantee agrees that it vil cooperate in doing whatever is necessary t_. acsiet the Village of Lino Lakes in obtaining a gas cu'c to from the Federal Power Commission. It shad be a : cnd4 +:ion of each contract entered into by the Grantee w —1 rele`eence ea operations under this franchise that it shall be subject to `he c :e cisc of t}-_e cption to purchase by Lino Lakes and that Lino Lair^_a may be sehseitetec for the Grantee as a party to any such contract and may succeed to ail_ the privileges and oLiigations therecf. ErclI0 T 7 _ No sole, and!or assigr:e nt cf this franchise shall be effective untfi the Village Council of the Village of Lino Lakes shall have ap- •roved same, and until elec veedea or _.esignee shall have filed j _?. the e fice of the illage ::lcrk of said V l cage, an inet urient duly e__ecutr.?, recieing tee. fact of sale and/or assignment thereof, accepting the reems of this f _ eLchise and agreeing to perform all the conditions thereof; prow. ed ho..ever, that such approval shall bot be unreasonably •withheld by said Village Council. S"TION 3. The Grantee, its leasees, successors and assigns shall indemnL y, keen, any, hold the Village `:_ea an: harmless from liability on accoent of injury cr damage to persons or ~ operty growing out of the cons'_ructien, maieeenance or operation of its property, and in the event that suit shall be brought against the Village, either indepen- dently or jointly with the Grantee, its leasees, successors or assigns, on account thereof, the Grantee, its leasees, successors and assigns, upon nceice to it by the Village shall defend the Village in any suit at the c;:st1 of the Grantee, its leasees, successors cr assigns; and in the even of a final judgement being obeairLed against the Village, either iniependently cr jointly yith the Grantee, ics leasees, successors and assigna. Grantee shall pay such judgment with all costs and shall hold the Village harmless therefrom. The Grantee, its leasees, successors and assigns shall file with the