The record-union., 1895-01-19

and convey to the city all of the property
constituting such water system for said
price. payments to be made either in cash
or In bonds of the city bearing inter
est at per cent. per annum, payable
senl-annually, to be duly issued accord
ing to law, at the option of the city.
IL Inc city shall not elect to accept the
property ast the valuation fixed by the an
pralsers, or shall not exercise its option,
Such failure to exercise its option shall
nave the effect of renewing the contract
Tor further period Of five years; and two
years before the expiration of such addi-
uona1 i've years, the city may again eXer-
else the option to purchase it at the end OF
SAID renewed term at the then appraised
value, and it not availed of the contract
Shall be considered extended for a further
term OF five years on the same terms as
before. The said right Of purchase as
aforesaid shall be part Of each renewal.
The contract shall be renewed, how
ever, for only two terms of five years
each after the expiration of the first
twenty years. and unless the city exer-
clses the option to purchase before the
end OF SAID thirty years the option shall
cease, and at the end of said thirty years,
II not sooner terminated by purchase,
the said contract shall be at an end. But
at the end of the first twenty years herein
mentioned the city, if it does not elect to
purchase, shall have the right to fix the
price at which water shall be furnished
TO the city during the period of time for
Which said contract is extended, having
due regard to fair return on the amount
OF capital invested in the plant or water
system, and it being understood that the
optlon to purchase on the terms herein
stated is an lnseparable part of the con-
tract and is an inducement for both
parties to enter into such a contract,
10. The said party of the first part does
hereby agree to pay to the party of the
second part and his assigns the sums
herelnbefore stated for such water and
the use of said main, using each thousand
gallons of water supplied as the basis OF
the estimation as herein provided, and
the said party of the second part does
hereby agree to accept said sums in full
1or all water supplied and for the use OF
said main.
In witness whereof, the parties here
unto nave executed this contract in du-
plcate, each party retaining one, and the
party OF the first part has executed the
same by causing the same to be signed
by the Mayor and President of the Board
OF trustees and cOuntersigued bv the
clerk OF said board, and its corporate seal
attached the day and year first hereiu-
above written.
CITY OF SACRAMENTO,
by Is. y. Steinman, Mayor and Presi-
dent OF the Board OF Trustees of the City
OF Sacramento.
A. L. FISH.
(Countersigned): j. d. Young. Clerk
Board OF Trustees, City of Sacramento.
State of California, County of Sacra-
mento, IS. On this llth day of Septem-
Der, In the year 1888, before me, S. SOlon
Holl, Notary Public IN an for said
county, residing therein, duly commits
stoned and sworn, personally appeared
a. l.. FISH, known to me to be the per-
son described in, whose name is sub
scrlbed TO and who executed the within
instrument, and he acknowledged to me
that he executed the same.
lSEAL. S. SOLoN HoLL,
Notary Public in and for Sacramento
County. Cal.
State Of California, County of Sacra-
mento, SIS. On this l1th day of Septem-
Der, IN the year 1898, before me, S. Solon
HoI, Notary Public in and for the
County OF otSacramento, duly commissioned
ana sworn, personally appeared b. U.
SteInman, Mayor and President OF the
Board OF Trustees of the City of Sacra-
mento, known to me to be the Mayor and
President of the corporation described
IN, and who executed the within and an
neXed instrument, and acknowledged to
me that such corporation executed the
same.
In witness whereof, I have hereunto
set my hand and affixed my official seal.
at my Office in the City and County of
Sacramento, the day and year in this GER
uLcate first above written.
LSEAL'J ,. SOLON HOLL,
ATfo D. IL