535661- - i
ORDINANCE NO. ,5,58- _
AN ORDINANCE AMENDING ORDINANCE NO. 5354 PASSED
JULY 13, 1936, ENTITLED: "AN ORDINANCE TO AMEND
ORDINANCE NO. 8762 ENTITLED: tAN ORDINANCE GRANTING
A RIGHT OF WAY OVER CERTAIN STREETS OF THE CITY OF
LITTLE ROCK, ARKANSAS, TO THE LITTLE ROCK TRACTION
& ELECTRIC COMPANY FOR THE CONSTRUCTION, OPERATION
AND MAINTENANCE OF A STREET RAILWAY SYSTEMI, PASSED
SEPTEMBER 272 1901; BY GRANTING TO CAPITAL TRANS-
PORTATION COMPANY, ASSIGNEE OF SAID FRANCHISE, ITS
SUCCESSORS AND ASSIGNS, THE EXCLUSIVE RIGHT TO OPER-
ATE BUSES INSTEAD OF STREET CARS OVER ITS FIFTEENTH
STREET LINE."
BE IT ORDAINED BY THE CITY COUNCIL
OF THE CITY OF LITTLE ROCK:
Section 1. That Section 4 of Ordinance
No. 5354 passed July 13, 1936, entitled: "AN OR-
DINANCE To. -AMEND ORDINANCE NO. 876, ENTITLED: 'AN
ORDINANCE GRANTING A RIGHT OF WAY OVER CERTAIN STREETS
OF THE CITY OF LITTLE ROCK, ARKANSAS, TO THE LITTLE
ROCK TRACTION & ELECTRIC COMPANY FOR THE CONSTRUCTION,
OPERATION AND MAINTENANCE OF A STREET RAILWAY SYSTEM1,
PASSED SEPTEMBER 27, 1901; BY GRANTING TO CAPITAL
TRANSPORTATION COMPANY, ASSIGNEE OF SAID FRANCHISE,
ITS SUCCESSORS AND ASSIGNS, THE EXCLUSIVE RIGHT TO
OPERATE BUSES INSTEAD OF STREET CARS OVER ITS FIF-
TEENTH STREET LINE," be amended to read as follows:
"Section 4. The Company shall leave
in place the street car tracks on said West Fifteenth
Street line from Main Street to its western terminus,
and shall continue to own and use the curve, switches
and "Y" track at Sixteenth and Park Avenue, and fifty
(50) feet south thereof as turn - around facilities for
its Fair Park and South Highland lines; and the City
shall own the other tracks on said West Fifteenth
Street line west of Main Street and the City shall
cover thew and the space between them, for their en-
tire length, with asphalt paving one inch thick laid
hot, and the Company shall pay to the City the sum of
`°'light Thousand and Thirty -one Dollars ($8,031), and
ssibly an additional amount, all as hereinafter pro -
ded; and the City shall have the right to leave said
ORDINANCE NO. #2.
tracks in the streets or to remove them therefrom, as
its property, as it shall see fit, and the Company
shall have no title to said rails and shall not be ob-
ligated to maintain any of said tracks or to pave or
otherwise repair or improve the streets between the
rails or on either side thereof, except as to those at
Sixteenth and Park Avenue hereinbefore described,
title to which shall remain in the Company.1+
Section 2. That Section 5 of said Ordinance
No.g3q passed July 13, 1936, be amended to read as
fol ows:
"Section 5. The operation of the buses
hereunder, instead of street cars, on said West Fif-
teenth Street line, shall begin by October 1, 1936, or
as soon thereafter as the manufacturer delivers the
buses to the Company; and the order therefor shall be
placed with the manufacturer by the Company within fif-
teen (15) days from its acceptance of'this "Ordinance.
Payment of the Eight Thousand and Thirty -one Dollars
($82031) by the Company to -the City herein provided
for shall be made in two installments, one of Forty -
five Hundred Dollars ($4,500) when the operation of
the buses herein provided for shall begin, and the re-
maining Thirty -five Hundred and Thirty -pne Dollars
($3,531) shall be paid as soon thereafter as the said
paving over and between the rails on said West Fif-
teenth Street line west of`Alain Street is completed.
Should the cost to the City of the paving herein pro-
vided for exceed Eight Thousand and Thirty -one Dollars
($82031)2 the Company shall pay such excess cost, not
to exceed Nineteen Hundred Dollars ($1,900) when the
paving is completed.n
N ®• 5354 passediply' 13Th1936,cbeoa endedstodreadiasnce
follows:
ttSection 6. The Company shall be re-
imbursed for the Forty -five Hundred Dollars ($4,500)
advance payment, and any additional advance payment it
may make because of excess paving cost, as hereinbefore
,provided for, by its taking credit on any sum in excess
P �
ORDINANCE N0. #3.
of Eighteen Thousand Dollars that may be owing by it
to the City under the eleventh paragraph of said Or-
dinance No. 876, such credit to be allowed the Company
in each consecutive year beginning with the payment
owing on gross receipts in the year 1936 until such
credits amount to the sum of Forty -five Hundred Dol-
lars ($4,500) and any additional excess paving cost
advanced by the Company as hereinbefore provided for,
without interest."
Section 4. That Section 8 of said Ordin-
ance No.RISL passed July 13, 1936, be amended to read
as follo s:
+'Section 8. This ordinance shall
take effect and be in force upon its passage and ac-
ceptance by the Company, evidenced by its endorse-
ment made upon this ordinance, or the record thereof,
within ten days after its passage; and all ordinances
and parts of ordinances in conflict herewith are here-
by repealed."
Passed: July 21, 1936.
AT T:
ty C erk.
ACCEPTED: CAPIT
?Jd ,1936• By e
V�AAI
VIA!
TATIOV COMPANY,
1