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• <br /> 1 That the said city of Everett acquire, by purchase or condemna- <br /> 2 tion, the electric light and power system now used by The Puget <br /> 3 Sound International Railway and Power Company, or other corporations <br /> 4 or persons, for the purpose of supplying the city of Everett and the <br /> 5 inhabitants thereof with electrical energy for light , heat , fuel and <br /> 6 power purposes, public and private and any or all property rights <br /> 7 of every kind owned by the said power company or other persons or <br /> 8 corporations used in connection with the said electric light and <br /> 9 power system as a part thereof, and, should the corporate authori- <br /> 10 ties deem it advisable so to do, that the said city shall construct, <br /> 11 maintain and operate a hydro-electric plant upon the Sultan River or <br /> 12 its tributaries, for the purpose of generating electric energy for <br /> 13 use in said system and that it construct , maintain and operate such <br /> 14 auxiliary steam power plants with all necessary appurtenances thereto <br /> 15 as may be necessary in the operation of said plant and also construct, <br /> 16 <br /> maintain and operate transmission lines from said hydro-electric <br /> 17 power stations or other sources of supply of electrical energy to th <br /> 18 city of Everett , and acquire by purchase or condemnation any lands, <br /> 19 waters or water-rights, rights-of-way or other real or personal prop- <br /> 20 erty necessary or useful in the construction or operation of said <br /> 21 plant, all at a cost estimated in the surd of two million dollars and <br /> 22 all to be paid for as hereinafter set forth. <br /> 23 Section 3 : That the gross revenues to be derived from the <br /> 24 operation of said light, heat , fuel and power system, including the <br /> 25 hydro-electric plants, transmission lines and other improvements <br /> 26 herein Provided for, at the rates for electricity charged and to be <br /> 27 charged upon the said system will be sufficient in the judgment of <br /> 28 the council and the corporate authorities, to meet all expenses of <br /> 29 operation and maintenance, including the operation and maintenance of <br /> 30 the proposed additions, and permit the setting aside from the gross <br /> 31 revenues of the system, an amount sufficient to pay the interest on <br /> -3- <br />