The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1895-04-05
heirs or assigns party of the second

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 we'll recently deve-
Hoped by w. s. Pryor, and all the
franchises, rights and privileges per-
tanning to natural gas of the party OF
the first part, secured by Ordinance
numbered 268, passed by the Mayor
City Council of the City of lola Kan
sas and published July 1st 1856, SUBJ
ject to the terms and conditions of
said ordinance.
In consideration of the sale and as
signment as above set forth, the said
party of the second part agrees. First
To conduct by good and sufficients
suitable mains the gas now flowing
| from the we'll 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 pipe,
or mains on the south and west sides
of the Public Square, may be extend
|
satisfactory showing that they have
used due diligence to accomplish the
work in said 80 days and have failed
for no fault of their own.
SECOND. To furnish and supply all
the demands 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) adj
ditional wells to furnish such supply
THIRD. To drill all additional
wells not less than four hundred feet
400 it, 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.
FIFTH. To furnish private families
with gas, at not to exceed maximum
price of 80 50) two dollars and fifty
cents per month, and forty (40) cents
per month per burner for illumina-
ton 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: feet So inch cas-
ing, 452 feet Al inch casing, 45l feet
81 inch casing and l 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 3d.
Go for the packer.
1t is mutually agreed and stipula-
ted that this contract shall not pass
the title or franchises herein before
set forth to said well, franchises or
personal property until said S26O is
paid.
1t is hereby especially stipulated
and agreed by the party of the second
part that if they shall 1ail 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 we'll in as good cOndi-
ton as when received, except the well
fail of its own accord to produce gas
and all the franchises herein convey
ed aud all mains laid by said second
party.
All forfeiturs are to DO absolutely
void and of no effect as soon rs six adj
ditional wells are drilled as above
stipulated Jas. w. CoUTANT,
S. TOzER, Secretary. President.
w. s. PRYOR,
JOSEPH PAULLIN