Ordinance 2811 - Laserfiche WebLink

0 DI1T U CE I:0 . 2813. . AN ORDINANCE authorizing the surrender by North Coast Transportation Company of certain street and electric interurban railway tracks and certain franchises for the operation thereof and accepting the offer of said company to pay the sum of $18,963.49 for a full release of said company, its predecessors in interest and its successors and assigns, from cer— tain obligations under said franchises, and declaring an emergency. WHEREAS NORTH COAST TRANSPORTATION COMPANY, a Washington corpora— tion, heretofore acquired the right to maintain street railway tracks and to operate street cars thereover and also the right to maintain and operate an electric interurban railway upon and along certain streets, avenues and public places within the City of Everett under and by virtue ae certain fran— chises, and in particular under the following franchises: Franchise granted to Edward P. Burch by Ordinance No. 252 of the City of Everett, passed on December 3, 1900, as amended by Ordinance No. 2037 passed on August 15, 1922; Franchise granted to Pacific Northwest Traction Company by Ordinance No. 2036, passed on August 15, 1922; and WHEREAS all of such street railway and electric interurban opera— tions have now been abandoned and said North Coast Transportation Company has surrendered to the City all rights and privileges now held by said company under any of said franchises, and has surrendered to the city all street and interurban railway tracks now osned by said company which are located in any of the streets, avenues or other public places of said city, including all of t .•-• ties, rails and track accessories, and has offered to pay the sum of $18,963.49 for a full release from all obligations of every kind, except as stated in said offer, arising out of or under said franchises or any of them, and in particular for a full release from the obligation to remove said tracks upon abandonment of street railway and interurban operations and to repave the streets after such track removal, such release to extend to and be for the benefit of Puget Sound Power & Light Company, as well as North Coast Transportation Company, and all of the predecessors in interest and successors and assigns of each thereof, including Everett Bus System, Inc., as the pres— ent holder of the franchise granted by Ordinance No. 2037, and for that pur— pose North Coast Transportation Company filed with the city clerk on the , day of i?Dr i 1 _ ., 1939, the following written offer: