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<br />- 3 - <br /> <br />SECTION 14. The Water Company shall hold the Village free and harmless from <br />all damages, costs s.nd bills that may arise by reason of the negligence, carelessness <br />or misconduct of such persons or agents or employees of the "l;:-ter Company in laying <br />digging, malntaining or operating said water works system. To effectuate the <br />provisions herein the Water CompaQY shall carry liability insurance in the amounts <br />of ;~lOO,OOO for injuries to anyone person and $200,000 for injuries to more than one pe' <br />person arising out of a single accident or occurrence and property damage <br />insurance in the amount of ~50,ooo a.T1d the grantees shall provide a bond to <br />the Village Council so as to prO'lTide that the grantees will repair, replace or <br />restore any of the Village Streets which it mi~ht damage or vmich it might be <br />necessary to dig into for the purpose of maintaining, repla~ing or repairing any <br />water pipes; and that said bond shall be in the amount of $15,000.00. <br /> <br />SECTION 15. 'I'he lr.Jater Company, its succes sors and assigns, shall accept said <br />franchise subject to the right of the Village of Rose'1rille to purchase the plant <br />and waterworks system of the ',-vater Company at any time by the Villaf'e of Roseville <br />paying the Company the reasonable value of the Company, said reasonable value to <br />be agreed on by the Village and the Company and if not agreed on, to be settled by <br />arbitration, the Village and the Company to each appoint one arbitrator and those <br />two to appoint a third. Nothing herein shall be construed as a relinquishment of <br />the rights of the Villacre Council of the Village of Roseville of its police pm-Ter <br />and its power to make all regulations which mi9ht be necessary to secure the safety, <br />welfare and accommodation of the public, nor its right of eminent domain, as <br />prOVided by statute. <br /> <br />SECTION 16. The right, permission, franchise and license granted herein shall <br />constitute an exclusive privilege for the purpose herein set forth and shall be <br />30 years in duration subject only to such limitations as is by law now or may <br />hereafter be provided; from the approval, passage and publication of this ordinance. <br /> <br />SECTI~N 17. The Water Company shall adjust the location of its pipe lines <br />and conduits wherever the same may interfere with any necessary public use or <br />imprO'lTement so that such adjustment and location will conform to and nermi t such <br />other use or improvement. <br /> <br />SECTION 18. The Water Company shall furnish sufficient and proper water <br />supply to its consumers; accidents or delays consistent with ordinary precaution <br />only excepted. <br /> <br />Should the water company fail to operate or maintain the water works system or <br />fail to furnish sufficient and proper water supply to its consumers, or breach or <br />violate the terms of this franchise, unavoidable accidents or delays consistent with or <br />ordinary precaution only excepted, the Company shall deliver and the Village of <br />Roseville may accept all of the Company's right, title, and interest in the water <br />works system without cost or liability to the Village of Roseville for the original <br />costs, expenses and connecting charge of the w~ter Company; provided, however, <br />that the Wetter Company shall not berequired to do so unless it has failed or <br />refused to correct and cure such failure, breach, or violation, after having <br />