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HomeMy WebLinkAbout1204�j =01,m I.'s NO. 12o4. -aRMUS9 applications b ve recently been filed by persons seeking to obtain franchises from the city council by which they may have tae right to distribute and sell natural gas to cons-a -mere within the corporate limits of this city, and 4HE1&; .5, the Little Nock Gas & Puel Company, operating under and by virtue of an indeterminate permits, is at present engaged in the distribution and scale of ja.s 'were and have their distributing pipe line system already laid throughout the city; mud ii . : ►a� after careful inveoti6stion„ the City Council has concluded that it is for the bast interests of the people of Little Rock that this ci:.y be served by one gas company only, provided it is possible for said utility to furnish adequate service to the people of this city; pct, Aiu`RLiLS, it now appears that there will be available for said local distributing cosy an additional supply of metural garg, to be furnished by the Arkansas hutural Gas vornoration, which has male definite written promise aivi assurance that it will bring in s=b additional €supply► and has offered to post a Fifty Thousand :collar ( 509000 *00) bond conditioned that it -gill pay that sins to the City of Little Back if it does not constrict a new pipe line to the City of Little 'Rock from the as fields of Johnson 'County, or some other source of supply, on or before Jannary 1, 1929: NOW, �i _�:R 0 --Z, BF, r2 3=1 D. That all applications for blue franchises now pendirk; before the City Council era hereby refused; that it Is the opinizn of this Body that all applications for gas franchises that may hereafter be filed should be declined so land; as the Tattle Bock Gas & Fuel Company is able to supply the consaa-ers of this city with an adequate supply of gas for their needs; and Bi; l -MuM I3 B "F,GLyZ}, That the offer of the Arkansas Natural Gas Corporation to guarantee the performance of its promise to bring in an itional supply of natural gas by executing a bond conditioned that it will pay to Lhe City of Little Rook the sum of Fifty Thousand Dollars (#W*000.00) in cash if it does not construct a now pipe line to the City of Little Rock an or before Jarratvey 1s, 1929, said offer beirk; in the form of a letter to onorable Chase Ze 114.7ers, Mayors, dated June 30, 19288, be and the 3"e is hereby accepted; and the '.>Qblic Utilities Committee of this Council reby authorized and directed to attend to the detail -� of superviaing ftne teams acid conditions of said bond, and to accept it, -_•:t'ter its executions, on b*Wf of the City of Little Bock, Adopted duly 16, 1928. Attest: P Toved: CA, . C , City Clerk. /' Mayor.