Laserfiche WebLink
c. To make such rules and regulations as may be required <br /> to secure adequate and proper service . <br /> If the grantee, its successors and assigns against <br /> whom any order is directed under the provisions of a, b, or c, of <br /> this section shall believe such order to be unjust or unreasonable, <br /> he or it may test its justness or reasonableness by a proper action <br /> in the courts, commenced within thrity days after service of such <br /> order; and in such action such order may be entered in the premises <br /> as shall be warranted by the facts developed upon the trial and <br /> the law applicable thereto. <br /> Section VIII . The grantee herein, its successors and assigns, <br /> operating under this franchise shall submit to the council within <br /> sixty days after the first day of January of each year, an annual <br /> report, properly verified. Such report shall contain such detailed <br /> information as may be presecribed by the council by ordinance. The <br /> council shall have the power, either through its members, or by <br /> experts or employees duly authorized by it, to examine the books and <br /> affairs of grantee, its successors and assigns, and to compel the <br /> production of all books and papers pertaining to such report . <br /> Section IX The grantee herein, its successors and assigns holding <br /> this franchise is prohibited from issuing any capital stock on <br /> account of the franchise or the value thereof. The grantee, its <br /> successors and assigns, shall have no right to receive upon purchase <br /> or condemnation proceedings brought by the city to acquire the public <br /> utility using such franchise, any return on account of the franchise <br /> or its value . <br /> Section X. No sale or lease of this franchise shall be effective <br /> until the assignee or lessee shall have filed in the office of the <br /> city clerk an instrument, duly executed, reciting the fact of the <br /> sale or lease, accepting the terms of the franchise affected and <br /> agreeing to perform all the conditions required of the grantee <br /> thereunder. The assignee or lessee shall also file a bond in such <br /> amount and with such conditions as the council may require, which <br /> 4. <br />