The Retail Merchants' Journal of Canada, Vol. 2: August, 1904 (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from The Retail Merchants' Journal of Canada, Vol. 2: August, 1904

It would certainly be fair to renew the franchise on the same terms if the city does not take Over the plant and in the event of the latter course being adopted, the company should be paid a fair amount based On the value of the business as a dividend. Earner, rea sonable allowance being made for de preciation and the estimated life of the plant.

The forfeiture clause as it now stands is capable of such construction that a company might easily lose its property at the hands of an unreasonable coun cil, for some act which was never in tended to come within its meaning. The very fact that a purchasing com pany would be compelled to operate under the conditions and rates em bodied in the agreement, and the fur ther fact that the municipality has the right to purchase and operate the sys tem, should be sufficient safeguard for the citizens. It would in any event surely be sufficient penalty to lose the franchise and forfeit the cash deposit or bond, without the city seeking to confiscate the' company's property.

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