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Show Richfield Signs With Tellurite On New Contract The City of Richfield last week signed a contract with Telluride Power Company which extends to that firm the franchise rights to operate as a public utility within the city for a period of twenty-five twenty-five years. The document, which has been incorporated into the city ordinances, will replace a similar sim-ilar franchise agreement which would have expired on December 31, 1953. Announcement of the signing of a franchise was made today by Richfield Mayor J. .N. Stacey, who said, "City officials have studied the local power situation very thoroughly, considering the possibility possib-ility of a municipally-owned power pow-er system and entertaining other plans designed to supply power to the Richfield trade area at the lowest cost. "After many hours devoted to the subject the council, the City TyroooT- gnrl mvcolf rl Atprmi n erl that the Telluride Power Company with its modern facilities and its experienced staff, is in a position to better furnish electric power at lower cost than any other plan would allow. For this reason we were pleased to sign the document which franchises the firm for the next quarter-century." |