0004
ORDINANCE NO. 4
AN ORDINANCE GRANTILNG TO TEXAS POr'!ER
& LIGHT COMPANY, ITS SUCCESSORS AND
ASSIGNS, AN ELECTRIC LIGHT, HEAT AND
POWER FRANCHISE.
BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOIdN OF SOUTHLAKE,
TEXAS:
SECTION 1: That there is hereby granted to Texas Posner &
Light Company, its successors ~.nd assigns (herein called the
"Grantee"), the right,, privilege and franchise until November 1,
20-06, to construct, maintain and operate in the present and future
streets, alleys and public places of the Town of Southlake, Texas,
and its successors, electric light and power lines, with all
necessary or desirable appurtenances (including underground conduits,
Poles, wires, transmission lines and other structured and telephone
wires for its own use), for the purpose of supplying electricity to
the said. Town, the inhabitants thereof, and persons and corporations
beyond the limits thereof, for light, heat, power and other purposes.
SECTION 2: Poles, structures and other appurtenances shall be
so erected and maintained as not to interfere unreasonable with
traffic over streets and alleys. The location of all poles, con-
duits and other structures shall be fixed under the supervision
of the street and alley committee of the Town of Southlake, or the
successors to the duties of that committee, but not so as to inter-
fere unreasonable with the proper operation of said lines„
SECTION 3: The service furnished hereunder to srid Town and
its inhabitants shall be first class in all respects considering all
.circumstances, and shall be subject to such reasonable rules and
regulations as the Grantee may make from time to time. The Grantee
may require rea.sonable security for the payment of its bills.
SECTION 4: The Grantee shall hold the Town 1aarmless from all
exoense or liability for any act or neglect of the Grantee hereunder.
SECTION 5: That on acceptance of this franchise by Texas
Power & Light Compai;y, it shall pay to the Town of Southlake, the
sum of TWO HUNDRED FIFTY (250.00) DOLLARS as street rental for
twelve (12) months succeeding November 1, 1956, and November 1,
1957, and annually thereafter on November 1 of each succeeding
year for the life of this franchise, Texas Power & Light Company,
its successors and assigns, shall pay to the Town of Southlake a
sum equal to two per cent (2%) of its gross revenue received from
the sale of electric energy by said Company from its residential
and commercial business conducted within the corporate limits
of said Town for the preceding twelve months ending August 31,
in full payment for the privilege of using and gccupying the
streets, highways, easements, alleys, parks, and other public
places in the Town of Southlake, whether as rental, supervision
and inspection charges, or otherwise, for twelve months succeeding
November 1st of year in which payment is made. This payment shall
be in lieu of any other tax or increased rate of tax or other
imposition, assessment, or charges, except ad valorem taxes.
SECTION 6: The Grantee shall file its written a.cceptance
of this franchise within sixty (60) days after its pa.ssa.ge and
approval.
SECTION 7: This franchise is not exclusive, and nothing
herein contained shall be construed so as to prevent the Town
from granting other like or similar rights and privileges to any
other person, firm or corporation.
PASSED AND APPROVED THIS 12 day of November, 1956.
MAYOR
ATTEST:
TOWN SECRETARY
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