59 of 1912 - Franchise, amendment, Oregon Short Line R.R. Company, spur track. Salt Lake City, Utah,.. May 2nd, 79,
VOTING r";i No I move that the ordinance be passed.
Keyser
Korns 1
Lawrence Commissioner of Streets F: Public Improvemetn>
Mo,,is
Mr.Chairman
/
RESULT - - / �._
• Salt Lake City, Utah,_ May 2, ly
VW INO Vest No I move that the ordinance be amended by inserting at
Keyser . . . . I the end of Section 1, the following:
Ko;n.w �,,•
Iawrence -
Morris . . Commissioner of 1'nblic Affairs F: Finance
Mr.Chairnum
RESULT - -
59 � /f/
"Salt Lake City reserves the right, upon three years'
notice to the grantee, its successors or assigns, to termin-
ate this franchise by paying the said grantee, its successors
or assigns, the value of the improvements made in compliance
with this franchise, at the time said termination becomes
effective. The price so to be paid to be arrived at by ar-
bitration, to which arbitration the said grantee, its
successors and assigns, hereby agrees; the arbitrators to be
selected as follows: One by Salt Lake City, and one by the
grantee, its successors or assigns, and in the event that
those two are unable to agree upon a valuation, then they shall
select a third arbitrator or referee, and the award made by
them shall be binding upon Salt Lake City, and upon said
grantee, its successors and assigns."
59
AN ORDINANCE .
An ordinance repealing Section 4, and amending and re-enacting
Section 6 of an ordinance granting to the Oregon Short Line Rail-
road Company, its successors and assigns, a franchise and right of
way to construct and operate a spur railroad track RR upon and
across the east side of Third West Street between First South Street
; and South Temple Streot, Salt hake City, passed by the Board of
'Commissioners of Selt'.'•La.]e City'April 1, 1912.
Be it ordained by the Board of Commissioners of Salt<Le:i:e
iCity, Utah:
SECTION 1. The iSection 4-'rod an ordinance granting to>the
Oregon Short Line Railroad. Company, its successors and assigns, a
franchise and right of way to construct and operate a spur railroad
track upon and over the east side of Third West Street between First
South Street and South Temple Street, Salt Lake City, passed by the
Board of Commissioners of Salt Lake City April 1, 1912, be, and the
same is hereby repealed.
SECTION 2. That Section 6 of said ordinance be, and the same
is hereby amended and re-enacted so as to read as follows:
SECTION 6. This franchise is granted for the period of
twenty-five years from and after this ordinance becomes effect-
ive, subject Vo the conditions hereinbefore mentioned, and the
said grantee shall have an additional ten days in which to accept this fran,
SECTION 3. This ordinance shall take effect upon its first
publication. 0
Passed by the Board. of Commissioners of Salt Lake i`ity,
Utah, 'jay 2nd, 1012. /I
C - �2 c5ry14 Y7`�? l
Acting Uayor Ci •y Recorder
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