Report on the Automatic Telephone Situation in the City of Chicago Submitted to the Committee on Gas, Oil and Electric Light (Classic Reprint)

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Excerpt from Report on the Automatic Telephone Situation in the City of Chicago Submitted to the Committee on Gas, Oil and Electric LightOf some importance in the present situation are several provisions in this 1903 ordinance relating to the future acquirement by the City of the tunnels and the telephone property. The ordinance provided that at the expiration of the third year period of the first ordinance - that is, on February 19, 1929 - all the tunnels constructed under either ordinance should become the absolute property of the City of Chicago. It also gave the City the right to purchase the tunnel and transportation facilities at an appraised value in 1923 - twenty years from the date of the 1903 grant. The date of the right of the City to purchase the telephone property remained as before, in 1929 - at the end of the original thirty year grant. In case the City should exercise its right to purchase the tunnels in 1923, the Company was to be permitted to secure space for its telephone cables under lease from the City at reasonable rates. In 1929, how ever, when in any event, according to the ordinance, the title to the tunnels passes to. The City, the Company was to be required to vacate the tunnels or lease from the City space for its telephone cables.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.