1968 Recommendations to Change Fiscal Year

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1"851—LA PORTE, Texas Charter M-7-61496, the power of the City of La Porte to exercise theright df eminent domain in the acquisition of any utility property is in all things reserved, and except the general power of the city heretofore existing and herein provided .for to regulate' Ale rates and services of the grantee which shall include the right to require proper and adequate extension of plant and service and the maintenance of the plant and fixtures at the highest reasonable standard of efficiency. Every public utility franchise hereafter granted shall be held subject ' do all the terms and conditions contained .in the various sections of this article whether or not such terms are specifically • mentioned in the franchise. Nothing in this charter shall operate to limit in any way, as specifically stated, the discre- tion of the commission or the electors of the city in imposing terms and conditions as may be reasonable in connection with any franchise grant. Section 115. Franchise records. Within six (6) months after this charter takes effect every public utility and every owner of a public utility franchise shall file with the city, as may be prescribed by ordinance, certified copies of all franchises owfied or claimed, or under which such utility is operated in the City of La Porte. The city shall compile and maintain a public record of public utility franchises. Section 116. Accounts of municipality owned utilities. Accounts shall be kept for each public utility owned or operated by the city, in such manner as to show the true and complete financial results of such city ownership and .opera- tion, including all assets, appropriately subdivided into dill- ferent classes, all liabilities subdivided by classes, deprecia- tion,. reserve, other reserves, and surplus, also revenues, op- erating expenses, including depreciation, interest payments, rental and other disposition of annual income. The accounts shall show the actual capital cost to the city of each public utility owned, also the cost of all extensions, additions and improvements, and the source of the funds expended for sudh capital purposes. They shall show as nearly as possible the cost of any service furnished to or rendered by any such utility to any other city or governmental department. The commission shall annually cause to be made by a licensed public accountant and shall publish a report showing the fi- nancial results of such city ownership and operation,. giving the information' specified in this section or such data as the commission shall deem expedient, in accordance with section 27, Article II. Section 117. Regulations of rates and service. The commission shall have full power, after due notice and hearing, to regulate by ordinance the rates and service of every public utility operating in the City of La Porte. Section 113. Extensions. All extensions of public utilities within the city limits shall become a part of the aggregate property of the public utilities, shall be operated as such, and shall be subject to all the obli- gations and reserved rights contained in this charter and in any original grant hereafter made. The right to use and maintain any extension shall terminate with the original grant and shall be terminable as provided in section 111. In• case of an extension of a public utility operated under n franchise hereafter granted, such right shall be terminable at the same time and under the same conditions as the original grant. Section .114. Other conditions. All franchises heretofore granted are recognized as con- tracts between the City of La Porte and the grantee, and the contractual right as contained in any such franchises shall, not be impaired by the provisions of.this charter, except *at. x