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r <br /> compensation from all persons and corporations to whom it shall <br /> furnish steam, water, heat for any of the purposes authorized by this <br /> ordinance. <br /> Section IV. The rights and privileges granted in this ordinance <br /> shall not be exclusive, tr.t the city may grant such rights to any <br /> person or persons, or corporations, and make any number of such <br /> /7 <br /> grants and the said city reserves the right to use said streets, <br /> alleys, avenues and other public places itself for such purposes. <br /> Section V. The right, privilege and franchise herein granted shall <br /> continue and be in force for the period of Istal + * five-lears from <br /> the date of the enactment of this ordinance and this franchise shall <br /> have no effect after said date. <br /> Section 4Y In consideration of the rights herein granted the said <br /> grantee, its successors and assigns agrees to pay to the city of <br /> Everett, annually, a sum of money equal to 2% of the gross earnings <br /> from the operation of and the sale of the products of the pipe lines <br /> herein mentioned, this payment to be made upon the sworn statement <br /> of grantee, its successors or assigns, to be filed with the city clerk, <br /> and the city clerk or other committee appointed by the city council <br /> for that purpose shall have the right to examine the books of the <br /> grantee, its successors and assigns and to verify the correctness <br /> of said statement, and to correct the same if found erroneous; and <br /> if said statement should be corrected, then said payment shall be <br /> adjusted upon said corrected statement. <br /> Section VII . This franchise is made expressly subject to the con- <br /> dition that the city council shall have the right with respect to . <br /> said franchise: <br /> a. To hear and determine what are just, fair and reasonable <br /> rates and charges for public service, and to order that only reason- <br /> able charges shall be imposed. The granting of this franchise shall <br /> not be deemed to confer any right to include in the charge for <br /> service any return upon the value of the franchise so granted. <br /> b To require resonable extensions of such public service <br /> system. 3 <br />