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Home My WebLink About1953-03-19; City Council; Resolution 38e ornia utility corporation, ith the Council NOW, THEREFORE LVED that said Council the granting th publish at least once within this resolution in lation within said City, and t following words and figures: "NOTICE OF INTENTION TO GRANT FRANCHISE ate period, under the 0 e 91 11 . life thereof pay to said City two per cent of the gross annual receipts of said grantee arising from the use, operation or possession of said franchise; provided, however, that such payment shall in no event be less than one per cent of gross annual receip s derived by grantee from the sale of gas within the limits of said City., Said percentage will be paid amuall of the granting of the franchises applied for. payment to be made within 3 months and 15 days after the ex- piration of the calendar year of 1953. payments will be made within 3 months and 1 termination of each and eve the event such payments sha shall be forfeite Said Cit es to grant said franchise fo First annual Subsequent annual days the In thereafter. NOTICE IS HEREBY FURTHER GIVEN that any and all pe-- sons having any ppear befor e hour of 8 P.M. April NOTICE IS HEREBY FURTHER GIVEN that at any time not later than the hour so set for hearing objections any person e,sted may make written protest stating objections against the granting of said franchise which protest must be signed by the protestant and delivered to the City Clerk of said City, and the Council shall at the time set for hearing said objections proceed to hear and pass upon all protests so made; and NOTICE IS HEREBY FURTHER GIVEN that the grantee of said franchise must within five days after the date of granting with the Council of said City a bond in the penal sum of' One Thousand ($l,OOO.QO) Dollars running to said City with at least two good and sufficient sureties or one good te surety to be approved by said Council conditioned that such -2- I l id franchise an liquidated dam said bond. intention to grant said AYES: Councilmen NOES: Councilmen None SENT: Councilmen None.