The rustler., 1891-11-13

Since the return OF Mr.. Rlsque
superintendent Of the CerrIllo- Goa
a Iron Co., we understand that Z
number OF the operators OF mine
on the land decided 60 this compa-
ny have made leases on what ap.
pears to be the very favorable
terms offered, and that q generally
satisfactory settlement Of the whole
business ID likely TO follow. The
lease prepared by the company, ol
which the following Is q copy in
substance, appears fair one, es-
peclally the clause providing for tbs
purchase OF improvements In case
the lease IL not renewed.
COPY OF LEASE:
Mining Privilege aud Lease L.
sued by the Cetrillos Coal d Iron
Company, OF New Mexico.
Know all men by these presents,
that the undersigned lessee. has
this day Of leased, and by these
presents leases from the Cerrllios
Coal a Iron Co., q corporation or
ganized under the laws OF New
Mexico, the right to mine and pro-
duce coal and coke, and to use all
necessary means, including build
lngs, machinery. ETC., therefor, on
that part Of the land and property
OF the said Cerrlllos Coal a Iron
Co., described as follows to. witt
For the consideration OF and at
the price Of 80. cents per ton for
bltuminous or go. coal, .... cents
per ton for anthracite coal, and 49,.
cents per ton for coke. by the un-
dersigned mined, produced or dug
on or from the property herein
above described which sum per
ton the aDGersigned promises to
pay the said Cerrillos Coal & Iron
Co., on or before the tenth day OF
each month subsequent TO the date
of this lease, In full for the previ-
ous month.
1t Is a part Of the consideration
OF this lease that The lessors shall be
free from all II liability and damage,
or injury done, II any, TO the work.
men or men employed by the lessee
to labor and produce coal and coke
on the premises.
The lessor reserves the right un-
der this lease TO enter at all times
upon the premises leased, to pre-
serve and protect the same against
fire or other danger to the mines
operated under this lease. In the
event that the lessee fails TO protect
said mines after due notice given
In writing 30 to do by the lessor.
This lease shall not be construed to
exclude the lessor from sending Its
agents over the property at any
time to judge whether the mines
are being worked In a workman
like manner. but said agents shall
have no power TO supervise the
business OF the Lessee.
The lessee shall be liable for all
damages to said property during
the life of this lease.
The lessee assumes the cost of
obeying all statutes regulating mi
ming In the Territory of New Mexl.
CO.
The lessee agrees that the weigh-
er shall make returns daily TO the
lessor, upon blanks furnished by
the Company to the lessee, OF the
numbers. contents and weight ol
contents of each car OF coal or coke
lohueo on cars or SOLD.
It Is further understood that Il
this lease be not renewed at the re.
quest Of the lessee In writing, and
the lessee desires to dispose of HE
improvements on the property, al
the expiration Of this lease, III,
price and value thereof shall be as.
certained, II the parties canno
agree thereto, by board OF arbi-
tration composed of one member
appointed by the lessor, one by tht
lessee, and o third by the two &c
appointed. The finding of value o
said improvements made by sucl
board OF arbitration shall DO fina
and binding on the parties to thi,
lease, and shall be paid In cash b,
the lessor upon delivery and sur
render to II OF said improvement
by the said lessee.
This lease shall be In full fore,
and continue until, etc.
The undersigned lessor hereb,