|
ORDINANCE NO. 1135
AN ORDINANCE GRANTING TO SOUTHERN UNION GAS COMPANY, A CORPORATION, ITS SUCCESSORS
AND ASSIGNS, COMPANY HEREIN, FRANCHISE RIGHTS AND PRIVILEGES TO CONSTRUCT, OPERATE
AND MAINTAIN IN THE CITY OF DURANGO, COLORADO, AS NOW OR HEREAFTER CONSTITUTED, WORKS,
SYSTEMS AND FACILITIES FOR THE TRANSPORTING, HANDLING, STORING, SALE AND DISTRIBUTION
OF NATURAL GAS INTO, OUT OF AND THROUGH SAID CITY FOR ALL PURPOSES; AND TO USE THE
STREETS, AVENUES, EASEMENTS, ALLEYS, HIGHWAYS, SIDEWALKS, BRIDGES AND OTHER STRUCTURES
AND PUBLIC PLACES AND GROUNDS OF SAID CITY FOR A PERIOD OF TWENTY (20) YEARS; PRESCRIBING
IN CONNECTION THEREWITH CERTAIN RIGHTS, DUTIES, TERMS AND CONDITIONS HEREIN MENTIONED;
PROVIDING FOR THE PAYMENT TO SAID CITY OF A PERCENTAGE OF CERTAIN REVENUES OF THE
COMPANY FROM ITS OPERATIONS THEREIN; PROVIDING A RIGHT IN SAID CITY TO PURCHASE THE
LOCAL GAS DISTRIBUTION SYSTEM AND RELATED PROPERTY; PROVIDING A MEANS OF DETERMINING
SUCH VALUE; PROVIDING FOR CERTAIN OTHER MATTERS; CONTAINING A SEPARABILITY CLAUSE;
PROVIDING FOR THE ACCEPTANCE HEREOF BY THE COMPANY; AND REPEALING CONFLICTING ORDINANCES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DURANGO, COLORADO:
|
