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Home My Public Portal About08-03-1911 (10) Richmond City Water Works Bid for Water Supply for the City of Richmondoffs - 1, R. 1, s. Bid, Cort'd., section Ss. Said cotapan; shall keep all hydrants erected Up- on their pipe Linea hereunder at all tones in repair, ar.d Jr. good+ efficient working order: and the provisions of this aection shall apply to all public fire hydrants erected Lander the provisions of :his ordLnaroe. And if such water works aha1L permit any of such by to %became & remain out of repair, or not In eft ielent & wcrkin6 order, for 24 '=ours after being notified thereof, there shall be deducted frog: the next payment of rental by said city $5, for each hydrant, aa. for each day the same Is suffered to be & rMatz out of repair, as aforesaid: provided+ that if It shall reasonably require more time than 24 hours after notice, as afore- -aid,.to repair any such hydrant, and said company shall, witr.in 12 tours after notice, cov,erce, in good faith, to repair the sans, and prosecute such repairs to completion without delay, the deductions above provided shall not be made. And for the purpose of determining the efficiency & condition of such hydrants, the chief fire engineer, or other ofr•ieer of said city exercising like powers or duties, or suo: person as he may direct, shall, at all tines, have the right,without notice to the conpany,to opera any hydrant within the city & test the Same* provided also, that writ- ten rctiae shall be given to said water works invnediately after said test, designating the location. of hydrant so tested & stating the condition of said.hydsamt & defects therein, if any be found, szcliax zlll, nt :ec:lon 29 of said ordinance tiff and the same is *ere - by a--n.od s_ �s tc read as follows. e-'on ^.9. The city shall not be held responsible for :he breaking cr t:'e :n'uring of any of the hydrants, piping, or machin- ^ry cY other Property of tha said water works company, unless Such la.0Y s:.al: oe cwused by the cardaleseness of some city official cr etVloyee, in whdcrrcase it shall be liable. 9ri^..=1R RIV. -'.at Section 30 of said ordinance be and tl.e sane is hereby so as to read as follows, Section 33, It is Lzreed oetneen Said water corks & said City that the value of saidplant & system as It existed on tl^ let day of duly 1909 was $700 00 and that said SUM shall be and is hxreby taken as the value of said lent upon said date as toe bash for the valuation. of said plantpfor the purposes hereinafter set forth. _'he valuation of said water works plant,and systera for any given year shall be ascertained & fixed by deducting one per cent Pros the amount of each valuation as fixed at the be in-Ing Of the Previous gear, for depreciation aril b adding to said valuation the amuznt of extensions & bettermentsymade during such Searr to- ad the vier; al_ other ieema of+appreciation of Said plant & 5'' teID, Rai the net amount thus ascertained & fixed shall be the valuation for the year to be comput-d. P.xtenslons & bettements Shall be valued at the sot net cost thereof, to be ascertained & fixed whi��ter Drovided, and irQM the net cost of all beterr••erts bed wholly .. or in.part of re laeerenta or renewals shall em°ted she fair value of the p if any* part replaced or renewed, p. C, To We Ala, Cont'd., 476 - 1: 6aid city shall partlolyate in the earnings of the eater 1st the following 'tan -ere The gross !nova» arising froe to s�tion of said water works & systmtt 3hhll be need, apPlled & Pad out as follows, to-wit:- nrat: Said water works s!.all first pay all expenses of operat� lai said works & systm & of ralntC1n:n7 trip Barr I" a state of affloienoy, Sncleding taxes, salaries, tins & all other expenses cf every f.1-. proper for the operation thereof. veoond: Said water works shall next set aside each year a - agrml to } of 1 per cento of the valuation of said water w: & system fixed & eom�::ted• in the manner hereinbefore set fc for the purpose of creating a fund to cover replacements & renew- als of said plant & also far amragenctsa & accidentss lf, Be ary ttwa, said water tvcrks shall^rdre=genciearMine tCrtaccidentsold e ahallSet tctibe for replaoeoents, reaewals, rbve sufficient to meet said expense, then, said watealt withat*�helco 3ln: the right to increase the amount of such fund, of said city shall have, the right to increasetohcoverethphZg'd^fr US public k private con stffit�lydonsaidwcity+shall agree to a real=- increas. In said fund, increase 62 said rates, as aforesaid. ex.etr 121rd: Said water i*orka shall nett create a depreciation inc & mica f:ttd by setting aside each .'�. ont of ire gr09S �C0°° 6 suR equal to 1 per cent. of the valuation of s313 plant, :o be de- terRined as provided iereln. Said fund shall en be nas eed for be Me of makirtg extensions & for sac•'• betterments Paid for out of said replacement & re Fot:rth: Said water corks shall next rats!.^• out at of its �et b� air interest 0n Ste°,Fs din CURB & pay, as the same falls duel er cert•P'r bonded indebtedness at the rate of 5 P semi-aamiallr . Fifth: Said crater works ain shall rent o attheain °ago t 1trt & ssyst,r, .A.. lncome a sum equal to a per Certe tion of its said ORal t of its ` deducting xed ltfromthe he ertotal h..ereinrovided, airraft�s-; which said remainder ted shall ua P aid eQ i••ddbted,._33,censo soma"► watValerworkstodsaid 6 its stockL.rolders as dividends* meld "�;e boill 81zth: 'he amount of the said grces -t�iontwe� �d wa�rjcr^- WetheAe.j. 7n.%airfter shalll ofsbe eq Of Shall be ryaid Paymen'sAvided a °o its d toS , by 0 aF- �pKand atodsaid water orkst&c all to of Shaaid ty lom tent the n as dividendc, and the other vthereahatworts as �i1the one et o long to said city: provide ined by said water gel, uDo- etacs,d"te amount to be ret *8 YeaZ, as ereinbef zyaDrovideal► ahro id d° ;°L-p¢toval 9 on 9�` valuation• to be ascertained As Mount nep°aueh tam as lied �. f Olt tbr'kathe saidndividendsaofOver peT Se fo ��..�,t�gte ..- Un eat bslonF, to said oitY• If a rah a not de' valuatthis ions oesaidall watertworts as �� profI