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<br /> other sources and the use or disposition of said income. When a substantial segment of the Company's utility property
<br /> is required to be abandoned and retired from service because of
<br /> The Company shall also, from time to time, furnish monthly change of type of gas, or unusual obsolescence, or unforeseen
<br /> operating and financial reports and such other information, reports property damage and such property is not fully covered by the
<br /> and statements regarding its property and business, and the con. depreciation reserve or other reserves or by insurance, then the
<br /> duct thereof, as the Suburban Rate Authority may require. All in- unrecovered balance of such property shall be credited to the de-
<br /> formation, reports and statements furnished to the Suburban Rate precistion reserve or other appropriate reserve and be charged to
<br /> Authority by the Company shall be certified by the President,Sec. a deferred charge account designated as "Extraordinary Property
<br /> retary or other proper officer of the Company. Losses". Charges to said deferred charge account shall be amor-
<br /> tized by charges to operating expenses as provided for in Section 4.
<br /> Section 8. The provisions of this ordinance relative to allow- i
<br /> able annual return,allowable rate of return,allowable rate base and If the original cost s not shown by the books and records of
<br /> accruing annual depreciation rates fixed under the provisions hereof the Company or its predecessors, such amount shall be estimated
<br /> and other requirements shall be considered as conditions hereof, p and a record shall be made by the Company showing the facts upon
<br /> but no such provisions, nor any matter, fact or thing herein can- which said estimate was based, the manner in which it was deter-
<br /> tained shall be construed as an admission either by the Municipali- mined and the person by whom it was mode, and said estimated
<br /> ty or the Company in connection with any proceeding for the acquisi- amount, together with removal costs and salvage value, or other
<br /> tion of the Company's property, or any part thereof, under eminent amounts received or recovered from said property, shall be ac-
<br /> domain or condemnation proceedings,or in connection with any pro- counted for in the manner as hereinabove provided.
<br /> ceeding for the valuation of the Company's property, or any part
<br /> thereof, during or after the termination hereof, or in connection Section 11. The Company shall at all times keep, Minneapolis
<br /> and
<br /> with any proceeding for the fixing of rates after the termination preserve all the books, records and accounts of the Alinneepolis
<br /> hereof, to any of which proceedings the Municipality shall be a Gas Light Company, a corporntion organized under the laws of the
<br /> State of Minnesota, and the Minneapolis Gas Light Company, a
<br /> party.
<br /> corporation organized under the Incas of the State of Delaware,the
<br /> Section 9. In determining "allowable annual return". "allow- predecessors of the Company,and such books,records and accounts
<br /> able rate of return" and "allowable rate base" under Section 4 shall at all reasonable times be open to inspection and examination
<br /> hereof, the books and records of the Company, and its predeces- by the Suburban Rate Authority,as provided in Section 6, inrespect
<br /> sors, made and kept prior to the passage of this ordinance, shall to the books,records and accounts of the Company.
<br /> be used insofar as necessary in applying said Section 4.
<br /> The Company shall set up, keep and maintain of all times at
<br /> Section 10. The books of account shall contain an accoun. its general offices,accurate books of account,showing among other
<br /> that may be designated as "Reserve for Depreciation of Utility things as nearly as may be the actual original cost of the property
<br /> Plant", or similar term, which shall show at all times as nearly owned by the Company within the suburban area. For this purpose,
<br /> as may be the unexpended or unused balance of accumulated charges the books and records of the predecessor companies (Minneapolis
<br /> to operating expenses on account of depreciation, replacements, ( Gas Light Company of Minnesota and Minneapolis Gas Light Com-
<br /> renewals or retirements. When any property is abandoned or re- pany of Delaware) may be used without prejudice to the Suburban
<br /> moved, withdrawn, retired from, or is not used and useful in the p Rate Authority in any proceeding where the actual original cost
<br /> public service for any cause, the actual original cost shall be '1 niav be an issue. All property added shall be entered on the books
<br /> credited to the appropriate capital account, and such amount plus at its actual original cost.
<br /> the cost incidental to said abandonment, removal, withdrawal or
<br /> retirement shall be charged to said reserve, subject, however, to Section 12. The Company agrees to lay such of its mains and
<br /> the provisions of the following paragraph. The salvage value re- pipes as come within its requirements for service as soon as rea-
<br /> ceived and any other amounts recovered from said property shall 8onnbly possible to do so. The Company shall give reasonable
<br /> be credited to said reserve. notice to the municipal engineer of plans to lay mains in any part
<br /> of the Municipality. The laying of such mains shall not unduly
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