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O-4-7-53MINUTES OF CALLED MEETING OF THE CITY COUNCIL OF THE CITY OF ALLEN, TEXAS Pursuant to call of the Mayor and to notice duly given to all members of the City Council, and to the City Secretary, stating the time, place and pur- pose of the meeting, a Called Meeting of the City Council of the City of Allen, Texas, was held Monday, July 27, 1953, at 8 p. me at their usual meeting place. Those present were: Mayor V. Be Watson Aldermen: 0. E. Lynge W..E. Ford H. L. Moore R. J. McClure T. H. Cundiff, being all members of the City Council. A. Co Story, City Secretary, acted as secretary of the meeting. The Mayor stated that among other business to be considered was the granting of a franchise to Texas Power & Light Company. Thereupon an ordinance entitled "AN ORDINANCE GRANTING TO TEXAS MIER & LIGHT COMPANY, ITS SUCCESSORS AND ASSIGNS, AN ELECTRIC LIGHT, HEAT AND POWER FRANCHISE," was introduced and on motion by Alderman 0. E. Lynge, seconded by Alderman T. H. Cundiff, said ordinance was read, and finally passed and adopted, the vote thereupon being unanimous in favor of said ordinance. Mayor V. Be Watson thereupon, in open meeting, signed and approved said ordinance, and it was ordered that the same be recorded and the same is recorded in words and figures as follows: "AN ORDINANCE GRANTING TO TEXAS POWER & LIGHT COMPANY, ITS SUCCESSORS AND ASSIGNS, AN ELECTRIC LIGHT, HEAT AND POWER FRANCHISE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ALLEN, TEXAS: Section 1: That there is hereby granted to Teras Power & Light Com- pany, its successors and assigns (herein called the "Grantee"), the right, privilege and franchise until August 1, 2003, to construct, maintain and operate in the present and future streets, alleys, and public places of the City of Allen, Texas, and its successors, electric light and parer lines, with all necessary or desirable appurtenances (including under- ground conduits, poles, wires, transmission lines and other structures and telephone wires for its own use), for the purpose of supplying electricity to the said City, 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 Be erected and maintained as not to interfere unreasonably with traffic over streets and alleys. The location of all poles, conduits and other struc- tures shall be fixed under the supervision of the street and alley commit- tee of the City of Allen, or the successors to the duties of that committee, but not so as to interfere unreasonably with the proper operation of said lines. Section 3: The service furnished hereunder to said City and its in- habitants 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 reasonable security for the payment of its bills. Section b: The Grantee shall hold the City harmless from all expense or liability for any act or neglect of the Grantee hereunder. Section 5: That on acceptance of this franchise by Texas Power & Light Company, it shall pay to the City of Allen, the sum of TWO HUNDRED FIFTY (°$250.00) DOLLARS as street rental for twelve (12) months succeeding August 1, 1953, and on August 1, 1954, and annually thereafter on August let, of each succeeding year for the life of this franchise, Texas Power & Light Company, its successors and assigns, shall pay to the City of Allen, 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 City for the preceding twelve months ending June 30th, in full payment for the privilege of using and occupying the streets, highways, easements, alleys, parks, and other public places in the City of Allen, whether as rental, supervision and inspection charges, or otherwise, for twelve months succeeding August lst 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 acceptance of this franchise within sixty (60) days after its passage and approval. Section 7: This franchise is not exclusive, and nothing herein con- tained shall be construed so as to prevent the City from granting other like or similar rights and privileges to any other person, firm or corp- oration. PASSED AND APPROVED this 27th day of July, 1953. /s/ V. B. Watson Manor ATTEST: /s/ A. C. Story 7'fySecretary (NO CITY SEAL) n No further business coming before the meeting, the meeting was adjourned, acre wry or tn e u1W o (NO CITY SEAL) Allen, Texas