The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1889-09-27
THE GAS CONTRACT.

Inc contract maze Dy the Gas ana
Coal Co., with Messrs. Pryor & Paul
lin has finally been signed by both
parties, and as there has been great
deal of discussion over it we present it
in full 80 that the people may be fully
informed Of its provisions, and may
therefore be competent judges of its
faithful performance. The contract lie
as follows:
This agreement made and entered
into this --...-. day of August 1889,
by and between the lola Gas and Coal
Company, party of the first part and
w. 8. Pryor and Joseph Paullin, their
heirs or assigns party of the second
part.
In consideration of the covenants
and agreements of the party of the
second part hereinafter set forth, the
party of the first part, sells, assigns,
and conveys all its right, title and in.
terest in the gas well recently develop
ed by w. 4. Pryor, and all the fran
chises, rights and privileges pertain.
ing to natural gas of the party of the
first part, secured by Ordinance num-
bered 26S, passed by the Mayor and
City Council of the City of lola Kan
sas and published July LIST 1885, sub.
ject to the terms and conditions of said
ordinance.
In consideration of the sale and as.
signmentas above set forth, the said
party of the second partyagrees, First
TO conduct by good and sufficient,
suitable mains the gas now flowing
from the well above described, within
thirty (30) days from the date thereof
into the City of lola, and along the
west and south sides of the Public
Square. The time for laying the pipee
or mains on the south and west sides
of the Public Square, may be extended
to the party of the second part on
satisfactory showing that they have
used due diligence to accomplish the
work in said 80 days aud have failed
for no fault of their own.
Second. To furnish and supply all
the demans of the Inhabitants of the
City of lola with gas for lights and
fuel, provided, however, that said
party of the second part, shall not be
required to drill more than six (6) ad.
ditional wells to furnish such supply.
Third. To drill all additional wells
not less than four hundred feet (400 fly
unless gas in paying quantities is
obtained at less depth.
Fourth. To, within ninety days
from this date, commence and dill
gently prosecute operations until at
least one more good flowing well be
obtained, subject only to the limita-
ton of six additional wells as above
stipulated.
Filth. To furnish private families
with gas, at not to exceed a m lximum
price of (S2.5O) two dollars and fifty
cents per month, and forty (40l cents
per month per burner for Illuminating
purposes.
Sixth. To pay to said party of the
first part, the sum of (S260) two hum
dred and sixty dollars for the follow
ing material, viz: 255 feet SIS inch
casing, 452 feet At inch casing, 451 feet
81 inch casing and packer out of the
well. Also for all the pipe or tubing
and the packer in said well. the sum
of 10 cents per foot for tubing and
$l3.65 for the packer.
1t is mutually agreed and stipuls.
ted that this contract shall not pass
the title or franchises herein before set
forth to said well, franchises or
personal property until said mains and
pipes are laid and are ready to CON-
meet with said we'll and until said $3.50
is paid.
1t is hereby especially stipulated
and agreed by the party of the second
part that If they shall fail to perform
any or all of the agreements as above
stipulated by them to be done and
performed, said party shall forfeit to
the party Of the first part as agreed
and liquidated damages, the above
described.gas well in as good condition
as when received, except the we'll fail
of its own accord to produce gas and
all the franchises herein conveyed and
all mains laid by said second party.
All forfeiturs are to be absolutely
void and of no effect as soon as six adj
ditionaI wells are drilled as above
stipulated. JAS. w. CoUTANT,
). ToZER, Secretary. President.
w. 6. PRYOR,
JOSEPH PAULLIN.