« AnteriorContinuar »
What was knowined in 1905, the tons. Foremat,
GROWTH OF CHICAGO IN AREA.
Sq.miles. Sq.miles. Feb. 11, 1835 (origi
Feb. 27, 1869........ 11.380 35.662 | Nov. 4, 1890.... 4.603 179, 157 nal town).......... ..... 2.550 May 16, 1887........ 1.000 36.662 April 7, 1891....... .981 180.138 March 4, 1837 (city April 29, 1889.... 7.150 43.812
April 4, 1893........
3.875 184.013 incorporated) ..... 8.085 10.635 June 29, 1889..... 126.070 169.882 Nov. 7, 1893.... 2.125 186.138 Feb. 16, 1847....... 3.375 14.010 April 1, 1890..
1.773 171.655 Feb. 25, 1895...... 1.000 187.138 Feb. 12, 1853........ 3.988 17.998 May 12, 1890..... .. 2.899 174.554 April 4, 1899....... 3,500 190.638 Feb. 13, 1863........ 6.284 24,282
The original town of Chicago in 1835 extended | nue, west to Wood street, south to 22d street and from Chicago a venue on the north to 12th street east to the lake. The extensions made from time on the south and from Halsted street on the west to time since 1837 are shown on the accompanyto Lake Michigan on the east. When the city ing map. The largest addition to the area of the was incorporated in 1837 the city limits were as city was made in 1889, when Lake View, Hyde follows: From Lake Michigan west along Center Park and Lake were annexed. street to North Clark street, south to North ave
CHICAGO CHARTER MOVEMENT, What was known as the Chicago charter con- | E. J. Danaher, J. 0. Hruby, W. A. Lantz, T. J. vention was organized in 1905, the first session be. McNally, William Navigato and J. C. Russell, all ing held Dec. 12, that year. Milton J. Foreman | democrats. was president, Alexander H. Revell vice-president,
RESULT OF SPECIAL ELECTION. M. L. McKinley secretary and Henry Barrett According to the terms of the act it was subChamberlin assistant secretary. The convention mitted to the voters of Chicago at a special elecwas made up of delegates chosen by or represent. tion held Sept. 17, 1907, when certain amendments ing the mayor, city council, governor, assembly, to the Municipal court act were also voted upon, board of education, sanitary trustees, county board, with the following result:
Municipal public library board and the Chicago park boards.
court act. Its purpose was to frame a comprehensive, simple Ward.
For. Against. For. Against. and elastic charter for the city of Chicago to be
1,248 1,825 1,522 1,058 submitted to the state legislature for considera
2,605 2,403 2,977 1,630 tion. The work was completed and the charter
2,487 2,319 3,016 1,406 taken to Springfield in the early part of 1907,
838 3,103 1,491 2,121 where it was introduced in each house of the legis
3,214 1,682 2,056 lature and referred to the appropriate committees.
4,048 3,475 5,275 1,879 Some of the main features of the charter were
3,882 5,947 2,101 these: Consolidation in the municipal government
1,181 2,568 1,813 1,513 of Chicago of the power vested in the board of
603 2,386 957 1,194 education, township, park and other local govern
1,448 ments within the city; submission of propositions
732 3,778 1,615 1,980 to popular vote; alermen to be elected once in
1,041 5,391 2,339 2,687 four years; the raising of adequate revenue by the
2,416 3,983 3,555 2,476 issue of bonds and by other means; the power to
1,947 3,160 2,626 2,090 own, maintain and operate all public utilities in
4,005 2,504 2,229 the city, including intramural railroads, subways
3,354 1,814 1.751 and tunnels, and telephone, telegraph, gas, electric 17...
814 2,883 1,584 1,669 lighting, heating, refrigerating and power plants; 18....
1,490 1,756 1,171 1,836 the parks to be under the management of a city 19....
2,861 1,339 1,814 department of parks; the public-school system to
2,569 3,065 3,264 1,930 be a department of the city government and under
2,730 2,817 3,411 1,538 the control of a board of education of fifteen mem
1,161 3,093 1,827 1,866 bers appointed by the mayor for terms of three
1,240 3,974 2,575 2,061 years; the public library to be managed by a
1,222 3,842 2,438 2,229 board of nine directors appointed by the mayor
4,517 4,940 6,241 2,633 for terms of six years.
2,074 4,685 3,548 2,610 Several radical changes were made by the legis
2,318 5,788 4,143 3,207 lature, one of the most important being the substi
1,622 4,282 2,975 2, 445 tution of the old primary system for the one pro
612 3,662 1,442 2,148 posed. Another was the redistricting of the city
874 3,582 1,736 2,265 into fifty wards, one alderman to be elected from
1,715 4,595 2,974 2,591 each. These and other changes aroused much op
2,245 4,001 3,510 2,250 position, but the charter was passed May 12, 1907.
1,388 3.279 2,265 2,046 In the senate the vote on the final conference re 34.....
1,419 3,732 2,347 2,073 port on the measure was 26 to 10, the only Cook
1,844 3,165 2,748
1,836 county member to oppose it being Senator P. J. McShane (rep.) from the 4th district. C. E. Total ........59,786 121.935 91,628 70,696 Cruikshank (rep.) of the 19th district was absent. Total vote cast in the city, 195,654. In the house the vote was 80 yeas to 49 nays. The (For nature of Municipal court act see “Illinois Cook county members who voted against it were | Legislation in 1907.")
CHICAGO'S FREE PUBLIC BATHS.
[From report of Secretary E. R. Pritchard.! Names and locations of baths:
points. The Carter H. Harrison bath, which was Carter H. Harrison-192 Mather street.
opened in January, 1894, is said to have been the Martin B. Madden-3825 Wentworth avenue. first free public bath in the United States, if not William Mavor-4647 Gross avenue.
in the world. Similar baths in Vienna charged a Robert A. Waller-80 South Peoria street.
fee of 2 cents and those in New York 5 cents. Kosciuszko-703 Holt avenue.
The Madden bath was opened in April, 1897; the John Wentworth--2838 South Halsted street.
Mavor bath in May, 1900; the Waller bath in William B. Ogden-3646 Emerald avenue.
February, 1901; the Kosciuszko bath in April, 1904; Theodore T. Gurney-247 West Chicago avenue. the Wentworth in December, 1905; the Gurney in Joseph Medill—759 Grand avenue.
May, 1906; the Medill in September, 1906, and the DeWitt C. Cregier-193 Gault court.
Ogden in July, 1906. The average cost of each Free baths are given at the 14th and 22d street plant has been between $15,000 and $20,000, and the pumping stations and at several lake beaches, but average annual cost of maintenance $4,000. Total special buildings have not been provided at these ( free baths furnished in 1906, 825, 313.
CHICAGO STREET-RAILWAY FRANCHISES.
sions ance and thand the dapperty aco
Ordinances passed by city council Feb. 4, 1907; , and re-equip its carhouses so as to enable it to vetoed by mayor and passed over veto Feb 11, properly clean and maintain its cars; to increase 1907; approved by people on referendum vote April as rapidly as possible the number of double-truck 2, 1907.
cars until there shall be at least 800 of them in SALIENT FEATURES.
operation (1,200 in case of Union Traction). All Systems to be reconstructed and rehabilitated this work must be completed within three years. within three years.
EXTENSIONS. City to supervise rehabilitation through board of three engineers.
In section 3, it is provided that the city shall Life of grant not to extend in any event beyond
have the right to require the company to make exFeb. 1, 1927.
tensions to the lines enumerated in the list atCity to receive 55 per cent and companies 45 per tached to the ordinance, but such extensions shall cent of the net profits from the operation of the
not be in any street nearer any existing parallel roads.
tracks of the company than half a mile, nor shall Twenty-one through routes specified and provision the company be obliged to build more than four made for others.
miles of double track in any one year. (Six miles Fares for adults to be 5 cents for continuous in case of Union Traction.) trips in one general direction within the present
MOTIVE POWER. or future city limits.
In section 4 it is specified that the power to be Transfers to be given at all connecting points on
used shall be electricity applied by the overheadand to all lines except in section on south sid.2
trolley system, provided that the city at any time between 12th street and the river.
after three years from the date of the acceptance Motive power of cars to be electricity applied by
of the ordinance may require the company to use the overhead or underground trolley systems.
electric power transmitted by the underground Cars to be of the latest and most approved pat
system. tern and to be kept clean and warm and well
USE OF POLES AND CONDUITS. lighted. Cars to be operated singly after one year.
Section 5 gives the company the right to use Companies to pay $5,000,000 toward the construc trolley poles, wires and conduits for all purposes tion of subways in the downtown section at the solely connected with the operation of its street city's option.
railways. The city is given the right, without the City given the right to purchase the property of payment of any compensation therefor, to use the both the present great systems at any time upon
poles of the company for its signal, telephone, giving six months' notice.
telegraph and electric-light wires. Agreed value of Union Traction company's prop
SUBWAYS. erty June 30, 1906, $29,000,000 and of the Chicago
Provision is made in section 6 for a future subCity Railway company's property at same date
way system. The company gives the city, and the $21,000,000. The purchase price for the city is to
city reserves, the power to require the company to be the aggregate of these two sums, with the value of work done and property acquired between
join with the Chicago Railways company (Union the date named and the date of the passage of the
Traction) and the city in defraying the cost of the ordinance and the cost of rehabilitation and exten
construction of a system of sabways for the joint use of the companies as downtown terminals and for the use of the city, the legal title to be in
the city. It is a condition of the company being CHICAGO CITY RAILWAY FRANCHISE. required to join in defraying the cost that the subThe preamble recites the fact that the city de. ways shall not be used for street-railway purposes sires, for the proper accommodation of the public.
except by the two companies named. The compato provide for the reconstruction, re-equipment and nies shall not be required to contribute to the cost extension of the Chicago City railway system and
any amount in excess of the pro rata cost of that for its unification with the Chicago Union Trac
part of the subway system to be devoted to the tion system and to determine the conditions upon use of the companies and the total amount which which the city shall have the right at any time the companies shall be required to contribute shall to purchase and take over the company's street
not exceed $5.000.000, exclusive of the cost of rerailway system,
constructing the present tunnels under the Chicago AUTHORITY.
river. Provision is made for the future extension The first section authorizes the company, in con
of the subway system in the same manner. The
city reserves the right to build subways in any sideration of its accepting the ordinance, to con
and all streets in which the company is authorized struct, reconstruct and maintain a system of
to construct and operate street railways. It is street railways upon certain streets in the city,
further provided that the elevated railways may the streets being specified in a list which is made
use the subways upon the payment of a reasonable part of the ordinance. This authority is subject
rental in case the capacity of the subways shall to the rights of the Chicago General Railway company in certain streets until Feb. 8, 1912.
permit of such an arrangement. For the purpose of carrying into effect the plan
CITY TO SUPERVISE REHABILITATION. to unify the street-railway systems it is provided It is provided in section 7 that the rehabilitation that where this ordinance and the similar ordinance of the street-railway systems shall be supervised running to the Union Traction company confer by a board of three engineers, one of whom shall grants upon more than one company in the same be named by the companies and one by the city, part of any street the rights so granted shall be Bion J. Arnold being the third (section 34). The for a mutual and joint use of tracks. Wherever company shall purchase all the material and do all tracks a ne used in common they are to be main the work subject to the approval of the supervising tained at the joint expense of the companies. engineers, and to the actual amount paid by the RECONSTRUCTION.
company in carrying out the requirements of this
section shall be added 10 per cent of such amount Section 2 provides that the company shall pro
as a fair and proper allowance to the company for ceed at once to reconstruct portions of its track and roadbed and put its entire system, plant and
conducting the work and 5 per cent for its services
in procuring funds therefor. During the threeequipment in first-class condition, as specified in
year period of "immediate rehabilitation" 70 per an exhibit which is made a part of the ordinance,
cent of the gross receipts shall be set apart and The exhibit requires among other things that the
used as far as required in defraying the operating company shall proceed at once to remove its pres
expenses, including maintenance and repairs. ent tracks, slots and conduits and substitute elec. tric tracks; to rebuild at least sixty miles of its
REMOVAL OF TRACKS. present electric track with track of the character The company is required by section 8 to remove specified in the ordinance; to construct power all unused tracks at once. Failure to operate cars houses enabling the company to operate its street for the carriage of passengers at least once each railways efficiently and continuously; to rebuild way within every hour of each day between 6
a. m. and 8 p. m., over any street in which the fare in the event that the postoffice department tracks of the company are laid, shall be treated shall pay to the company not less than $10,137.75 as a cessation of operation, unless such operation per annum, a3 in 1906, with a proportionate inis interfered with by strikes, unavoidable accidents crease for any increase in the number of carriers. or litigation.
(Section 12.) The right to sell unnecessary property is given
THROUGH ROUTES. by section 9 to the company, but the written con
It is provided in section 13 that the company sent of the board of supervising engineers must
shall co-operate with the receivers of the Chicago first be obtained.
Union Traction company and other corporations in SERVICE REGULATIONS.
establishing and maintaining through lines of cars In section 10 the company agrees to comply with
over the lines of the respective companies. This
applies to such streets on the west side as Halall reasonable service regulations which may be
sted, Ashland, Western and Kedzie. In the case prescribed from time to time by the city council,
of lines entering the south division of the city, the approval of such regulations by the supervising engineers to be binding upon the company, but not
north of 12th street, passengers are to be carried
from the south division to the other two divisions, upon the city, as to reasonableness. 'Style of Cars-All the passenger cars hereafter
or in the reverse direction, for a single fare. Certo be built or purchased shall be of the best finish,
tain routes agreed upon by the parties concerned style and design; they shall have center aisles and
are particularly described in an exhibit, which is shall be without running footboards. Cross seats
made a part of the ordinance. These routes are as facing forward shall be used, but longitudinal
follows: seats, each seating not more than four passengers,
No. 1-Beginning at Indiana avenue and 51st may be used at the ends of the cars. All closed
street, north on Indiana to 18th street, west to cars shall be vestibuled.
Wabash avenue, north to Lake street, west to Push Buttons-All cars shall be provided with
State Street, north to Division street, west to electric bells and push buttons.
Clark street, north to Evanston avenue, north to Fenders-All cars shall be provided with efficient Devon avenue, west to Clark street; neturning by fenders, headlights and sandboxes.
the same route. Brakes-Each double-truck car shall be equipped
No. 2-Beginning at Halsted street and 79th with two sets of bra kes, one of which shall be a
street, east on 79th to Vincennes road, north to hand brake and the other an efficient power brake
Wentworth avenue, north on Wentworth avenue to of modern type.
Archer avenue, east to Clark street, north to DiCleanliness and Ventilation-The cars shall at all vision street, west to Clybourn avenue, north to times be kept clean and in good repair and shall
Belmont avenue; returning by the same route. be thoroughly ventilated.
No. 3- Beginning at Lake avenue and 55th street, Heating The cars shall be kept heated at the
west on 55th to Cottage Grove avenue, north to temperature of 50 degress as nearly as practicable,
22d street, west to Wabash avenue, north to Harand each car shall contain a standard thermometer.
rison street, west to Dearborn street, north to Lighting-All cars shall be kept well and suf
Washington street, west to La Salle street, north ficiently illuminated by electric or other lights.
to Illinois street, west to Wells street, north to Signs-Each car shall bear appropriate and con
Clark street to Howard avenue; returning by the spicuous signs upon both its sides and ends so as
same route. to indicate both by day and night the route and
No. 4-Beginning at 75th street on South Chicago Destination of the car. At night the signs shall be
avenue, north on South Chicago avenue to Cottage illuminated.
Grove avenue, north to 22d street, west to Advertisements—The company may permit adver
Wabash avenue, north to Washington street, west tisements on the inside of the cars between the
to La Salle street, north to Illinois street, Wiest to tops of the windows and the transoms.
Wells street. north to Chicago avenue, west to Funeral and Mail Cars-The company is author
Larrabee street, north to Lincoln avenue, north ized to operate funeral cars and separate cars for to Bowmanville (Foster avenue); returning by the the use of the United States postoffice department.
same route. Single Cars Only-Every electric car shall be in
No. 5–Beginning at 77th street and Vincennes control of a motorman and a conductor and after
road; north on Vincennes to State street, north to thie expiration of one year shall be operated singly.
Van Buren street, west to Kedzie avenue; return
ing by the same route. FARES AND TRANSFERS.
No. 6—Beginning at 77th street and Vincennes Section 11 provides that the rates of fare shall road, north on Vincennes to State street, north to be: For a continuous ride in one general direction, Washington street, wiest to Desplaines street, within the present or future limits of the city, north to Milwaukee avenue, north to Armitage aveover its lines 5 cents for each passenger 12 nue, west to 44th avenue; returning by the same years of age or over and 3 cents for each pas route. senger between 7 and 12 years of age. Children No. 7-Beginning on State street at 39th street, under 7 years are to be permitted to ride free if north on State street to Madison street, west to accompanied by a person paying fare. Every pas 60th avenue; returning by the same routé. senger may demand a transfer entitling him to No. 8-Beginning at Jackson Park avenue and 638 ride upon any other line of the company or any
street, west on 63d street to Halsted street, north other line operated by any other corporation from to Evanston avenue, north to Graceland avenue; which the company is obliged to accept transfers returning by the same route. which crosses, connects with or comes within 200 No. 9 Beginning at 69th street and Ashland feet of the line upon which the passenger paid his
avenue, north on Ashland avenue to 12th street, fare. This obligation does not apply to any con west to Paulina street, north to Lake street, east necting point in the south division north of 12th to Ashland avenue, north to Clybourn place; east street, except that upon the completion and opera- to Southport avenue, north to Clybourn avenue; retion of subways transfers shall be given at such
turning by the same route. points within the subways where lines of railway No. 10- Beginning at 71st street and Western connect with each other. In cases of delay passen avenue, north on Western avenue to Belmont gers are entitled to transfers to the nearest line avenue; returning by the same route. operated by the company. The company shall also
No. 11- Beginning at North avenue and Clark accept as fares transfers issued to passengers upon street, south on Clark street to Madison Street, any line of the Chicago Railways company and the west to Ogden avenue, southwest to 40th avenue, Chicago General Railway company. It shall also returning by the same route. exchange transfers with other companies after No. 12- Beginning at Clark street and North ave. their franchises shall have expired and shall have nue, west on North avenue to Wells street, been extended or renewed.
south on Wells street and 5th avenue to Adams NO PASSES.
street, west to Clinton street, south to Harrison
street, west to Halsted street and Blue Island No passes of any kind shall be issued and only avenue, southwest on Blue Island avenue to Westemploves of the company, policemen and firemen ern avenue; returning by the same route, in full uniform shall be permitted to ride free. I No. 13-Beginning at 48th avenue and Archer Mail carriers in uniform may ride without paying I avenue. northeast on Archer avenue tc Halsted
paration of one.years ha conductor and be in
No: north on Vincen west to the to Armitage same
street, north to Evanston avenue, north to Grace
PERSONAL-INJURY CLAIMS. land avenue; returning by the same route.
Section 18 provides that the company shall pay No. 14-Bieginning at 46th avenue (48th avenue
as part of the operating expenses all damages when the steam railroad tracks on 46th avenue are
arising or growing out of injuries to persons or elevated) and 12th street, east on 12th street to
the property of others and for that purpose mas Ogden avenue, northeast on Ogden avenue to Ran
set aside such percentage of the gross receipts as dolph Street, east to 5th avenue, north on 5th
the board of engineers shall estimate to be sufavenue and Wells street to Clark street, north on
ficient to protect the company against all such Clark to Diversey boulevard; returning by the
claims. same route.
REGULATION OF SALARIES. No. 15—Beginning on 21st street at Douglas park, east on 21st street to Halsted street, north to
The company is to pay as part of the operating Canalport avenue, northeast to Canal street, north expenses all the salaries of its directors, officers, to Polk street, east to 5th avenue, north on 5th
agents and attorneys. The city has the right to avenue and Wells street to Clark street, north on
object if it thinks the salaries are unduly large Clark to Diversey boulevard; returning by the same
and the matter is then to be decided by the board route.
of engineers. If either party remains dissatisfied No. 16-Beginning at State and 39th streets, the matter may be laid before any court of com. thence north on State to Lake street, west to Aus
petent jurisdiction for final adjustment. (Section tin avenue; returning by the same route.
19.) No. 17–Beginning at 63d street on Kedzie ave
RIGHT OF CITY TO PURCHASE AT ANY TIME. nue. north on Kedzie to Chicago avenue, east
Section 20 provides that the company by the ac. to California avenue, north to Belmont avenue,
ceptance of this ordinance shall grant to the returning by i he same route.
city, and the city reserves to itself the right, No. 18- Beginning on Evanston avenue at Grace
upon the first day of February or upon the first land avenue, south on Evanston avenue and Hal
day of August of each and any year after such acsted street to Madison street, west to 60th ave
ceptance upon giving at least six months' previnue, returning by the same route.
ous notice in writing to purchase and take over No. 19-Beginning on Chicago avenue at 60th
(but only for municipal operation in case of puravenue, east on Chicago avenue to Milwaukee
chase prior to Feb. 1, 1927) the entire streetavenue, south to Lake street, .east to State street,
railway system of the company within the city. south to 63d street, returning by the same route.
except certain real estate in Hyde Park, with all No. 20–Beginning on Madison street at 60th
renewals and repairs and including all the propavenue. east on Madison street to and around the
erty, franchises, rights and claims described in State street loop, returning by the same route.
the appraisal inventory as of June 30, 1906, made No. 21--Beginning on North avenue at 48th ave
by Bion J. Arnold, Mortimer E. Cooley and A. B. nue, east on North avenue to Milwaukee avenue, du Pont, and filed with the comptroller of the city. south to Lake street, east to and around the
PRICE TO BE PAID BY CITY. State street loop, returning by the same route.
In case the city shall purchase and take over These through routes are to be put in operation immediately after the reconstruction of the tracks
the company's street-railway system then it shall covered by such routes. Other through routes
pay for the same the aggregate of the following
items: may be established by the company or be re
In quired by the city council to be established.
The value of the property as described in the case the companies interested are unable to agree
appraisal inventory and the value of all the fran. upon terms for establishing these routes it shall
chises, rights and claims of every description, to be the duty of the supervising engineers to de
construct, maintain or operate street railways in termine them.
the city now belonging to the company. This
value is fixed at the sum of $21,000,000. STREET SPRINKLING AND CLEANING.
2. The value of any and all property acquired Section 14 requires that the company shall
by the company between June 30, 1906, and Feb. sprinkle, sweep and keep clean from snow that
1. 1907. This is to be determined by the board portion of each of the streets occupied by its
of supervising engineers. right of way.
3. The cost of reconstruction and re-equipment STREET PAVING.
and of the construction of new lines, extensions
and other additions to property actually paid by The company shall at its own expense fill, grade, the company at and prior to the purchase by the pave and keep in repair that portion of the streets
city. occupied by it. (Section 15.)
4. After notice is given by the city of its inGROOVED RAILS.
tention to purchase and before the date of pur
chase the board of engineers shall make a written All new tracks hereafter laid shall be of the
estimate of the probable cost of completing any grooved pattern. (Section 15.)
work provided for in the ordinance and to the exMAINTENANCE, REPAIRS, RENEWALS AND
tent that such work has been contracted for the DEPRECIATION.
city shall take over such contracts and procure
the release of the company from all obligations After the expiration of the three-year period of
thereunder. reconstruction and re-equipment the company shall at all times maintain its street-railway system.
PAYMENT OR DEPOSIT OF PURCHASE PRICE. plant and equipment in first-class condition. To Upon the payment in cash of the amounts called this end the company shall make the following for in paragraphs 1, 2 and 3 and the deposit of expenditures: (1) For maintenance and repair the sum, if any, required to complete pending coneach year a sum equal to 6 per cent of the gross tracts, or the deposit of the aggregate amount receipts for that year, the unexpended portion, if with one or more depositaries authorized to act as any, to be deposited in a fund to be used when such, the city shall have full right and legal aunecessary for maintenance and repairs. (2) On thority to take over and possess as its own all the or before the fifth day of each month the company property of the company, including plant and shall deposit in a separate fund a sum equal to equipment of every sort, free of all liens and 8 per cent of the gross receipts, which shall con claims of every nature. stitute a reserve fund for taking care of renewals The company further grants to the city, and the and depreciation of the street railways for the city reserves to itself, the right (in addition to the preceding month. Payments out of the fund are right of purchase hereinbefore granted and reonly to be made on written certificates of the served) to purchase at any time prior to Feb. 1, board of supervising engineers. (Section 16.)
1927, the street-railway system, rights and prop
erty of the company at the same times and in INSURANCE.
the same manner upon which the city has the In section 17 it is provided that the company right under the foregoing provisions of this secshall at all times keep its property fully in tion to purchase the same. The price to be paid sured against loss by fire, the cost of such insur there for by the city under the right of purchase ance to be considered as part of the operating ex granted and reserved in this paragraph shall be penses,
I the price at which the city shall then have the
the in pare payme. POSIT ON
precedepreciation fund foreceipts, win sum equpany
right to purchase the property for municipal op
COMMUTATION OF FARES. eration as specified, and in addition to such price It is understood and agreed that the company's a sum equal to 20 per cent of such price. The
agreement to pay to the city the 55 per cent of property, to the possession of which the city shall
the net receipts is based upon its right to charge then be entitled, shall include all the property
the rates of "fare prescribed in section 11 and to then existing which constitutes the street-railway
retain 45 per cent as its own. The city reserves, system of the company, all of the property ac
however, the right to commute its share of the quired thereafter by the company and all exten
net receipts into a reduction of the fares. sions and additions constructed under the provisions of the ordinance.
SINKING FUND FOR MUNICIPAL PURCHASE.
It is further provided that, subject to the acCITY PURCHASE DURING RECONSTRUCTION PERIOD. tion of the city council, the city shall deposit
In section 21 it is provided that in the event the amount so paid to it to the credit of a separate that the city shall elect to exercise its right of fund to be kept and used for the purchase and purchase at any time before the work of rehabilita construction of street railways by the city. tion is completed it may do so, subject to the right
CAPITAL INVESTMENT LIMITATION, of the company to complete the work of rehabilita. tion.
Section 23 prescribes that the company shall not RIGHT OF LICENSEE TO PURCHASE.
be required on account of any subways, under
ground trolleys and extensions to increase its total Section 22 provides that the company shall grant
capital investment to such an extent that the reto the city, and the city neserves for itself, the
turn thereon over and above the interest charge right to designate any person, firm or corporation
of 5 per cent would be reduced to an unreasonably who or which shall have the right to purchase the
small amount. street-railway system of the company at the same
DEPOSITARIES. times and in the same manner as the city has the right to purchase, subject to the condition that
Under section 26 any state or national bank or the licensee shall purchase the same property
trust company in Chicago or New York which has which the city has reserved the right to purchase
a capital stock and surplus amounting to at least and that the price to be paid shall be the same
$1,000,000 may be selected and can act as deas that at which the city shall have the right to
positary under the ordinance, except that all purchase the property for municipal operation, and
deposits, exclusive of those of purchase money in in addition a sum equal to 20 per cent of such
the event that the street-railway system is bought price. It is provided, however, that the licensee
by the city, shall be made with depositaries in shall not be required to pay the additional 20 per
Chicago. cent if before the purchase is consummated a
DEPOSITS. contract shall be made between the city and the In section 27 it is provided that the company licensee, which shall limit the beneficial interest shall have the right to select the particular deof the licensee to a return of the actual money in positary or depositaries with which it shall deposit vested therein by the licensee and not exceeding any of the funds required under the ordinance. 5 per cent thereof in addition thereto, and interest The city has the same right of choice and each is upon the money and an additional per cent at a responsible for any loss or impairment of the funds rate not exceeding 5 per cent per annum, and so deposited. If, however, the city shall deposit which shall provide that all net profits in excess of the funds in depositaries named by the company the beneficial interest of the licensee shall be paid in lieu of those chosen by the city, then the city over to the city.
shall not be responsible for such deposits. Provi
sion is made in section 28 for the payment of RIGHTS OF COMPANY IN CASE THE CITY DOES NOT
proper interest on deposits. PURCHASE FOR TWENTY YEARS. It is provided in section 23 that in the event that
ANNUAL REPORTS. the street railways are not purchased by the city | The company is required by section 29 to make or its licensee prior to Feb. 1, 1927, the city shall annual reports to the city comptroller on or before have the right to designate any person, firm or April 10 of each year for the preceding year ended corporation to purchase the street railways, prop Jan. 31. Such reports are to be in writing, erty and rights of the company upon the same setting forth in reasonable detail the receipts and terms that the city could then purchase. In case expenses and other facts relating to the business. the city shall grant a right to another company to The accounts of the company are also to be auoperate street railways in the street's occupied by dited by public accountants selected by the city the lines of the company, such new company shall and company, the expenses to be paid out of the be required to purchase the property of the old gross receipts as part of the operating expense. company at or before Feb. 1, 1927.
OFFICE IN CHICAGO. INTEREST RETURN UPON CAPITAL INVESTMENT.
The company shall not remove its principal ofSection 24 provides that the company shall on fice or any of its books (except bond registry and the 10th day of April of each year come to an stock transfer books), records, accounts, contracts accounting and settlement with the city as of the
or original vouchers beyond the limits of the city 31st of January preceding upon the following
(section 30). basis: From the gross receipts of the street-railway system for the year there shall be deducted:
FORFEITURE FOR NONCOMPLIANCE. First-(1) All expenses of operation, including The company agrees (section 31) that in the maintenance, repairs and renewals; (2) all amounts event that it shall make default in the performance cor:tributed during the year and held in reserve; of the agreements or conditions of the ordinance, (3) all amounts paid out for taxes and assess then the city shall be entitled to declare the grant ments; (4) all salaries and expenses of the board forfeited and at an end. In case of a foreclosure of supervising engineers after the period of im- sale the city shall have the right to bid and bemediate rehabilitation; and
come the purchaser. Second-A sum equivalent to 5 per cent per an The company further agrees that if it shall fail nun for the year upon the amount of the cash to complete the work of rehabilitation within the purchase price which the city would then be time specified, and the board of supervising engiobliged to pay if it were purchasing the property neers SO certifies to the city, the company shall for municipal operation.
pay for cach day of such default or neglect the DIVISION OF RECEIPTS.
sum of $10,000 as liquidated damages, and if the
company shail fail to comply with the provisions After the deduction from the gross receipts of
for first-class service the city shall have the right these items the amount remaining shall be con to sue for any sum from $50 to $500 for each and sidered the net receipts for such year from the
every such failure, and each day that such failoperation of the street-railway system and shall ure shall continue shall be regarded as a separate be divided between the city and the company in offense. the following proportions: Forty-five per cent to Sections 32 and 33 relate to the formal waiver be retained by the company an! 55 prcent to of rights by the company and the right of the city be paid forthwith by the company to the city. I to intervene in suits against the company.