Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-03-04
rne BOILER WORKS.
Full Text of the Contract Made Mon
day.


day.
Below we give the contract in full
now existing between j. j. Leidecker
and associates, of Butler Pa, and the
Committee of Ten, representing the
city of Marietta. AS stated in Mon
days Leader, the contract is in every
respect better and more favorable
one than originally submitted.
The Committee of Ten began work
Monday to close up the subscription list,
but their labors up to last night were
not finished. 1t still remains for Ma
rietta to step forward and do her part
in the matter. Bear in mind that
everything must be closed up withina,
very few DAYS. n tHiB ~ n
THE CONTRACT. tff@-P 4
THIS ARTICLE OF AGREEMENT, made
and entered into this 20 day of March
A. d. 1896. by and between j. j. Lei
decker, G.. A. Schaffner and Jas.
Hughes, all of Butler, Pa, ]. G.. CORN
ley, of Pittsburg, Pa, and D. c. john
ties, and D. B. Torpy, W. w. Mills, w.
M. Morse, w. H. Styer, j. H. Grafton,
w. S. Pat.iu, @. L. Flanders, Andrew
L. Gracey, w. H. II. Jett and A. d.
Alderman, all of Marietta, Ohio, wit
nesseth:
Whereas said second parties have Sc
cured the options for the purchase of
several lots and pieces of land, in the
city of Marietta, Ohio, containing seven
acres, more or less, in solid block, ex-
cept divided by a street. all of which
have been pointed out to said parties
by said second parties, said second
parties agree to procure sale and
conveyance unto said first parties,
their heirs and assigns, of all of said
several lots and pieces of land, clear
and free from all membranes, with
good title and by deed of general war;
rantee, accompanied by full and COM
plete abstract of title thereto, upon
the delivery of deeds for which to the
said first parties, or their representa-
tive, said first parties agree to pay to
said second parties, OF. their represe nta-
tive, the sum of six thousand five hun
dred and fifty dollars (S655O.OO.) Said
first parties agree, upon the delivery
of the deeds to them as hereinb before
provided, to form and organize cor
poration with capital stock, paid up
in full, of at least eighty thousand
dollars $3.50, 0OO,) and that said corpora
tion will erect upon the said several
lots and pieces of land boiler works
with the necessary buildings and ma
chinery, with capacity of employing
at least one hundred men, all the ma
chinery of which is to be new except
what may be taken from the present
boiler manufacturing plant of Hughes
Bros, in Butler. Pm, and which boiler
works is to be first class plant with
the latest and most improved machin.
cry, and to put said boiler works in
operation, employing at least one hun
dred men, with a pay roll of at least
thirteen hundred and fifty dollars per
week. Said second parties agree that
should said corporation, formed and
organized by said first parties and
their associates, have fully paid up
capital stock of at least eighty thou
sand dollars (sS0,OOo,) paid to said cor
pora tion in good faith either in money
or in property at fair market price,
and should SAID corporation erect on
said several lots and pieces of land a
boiler works plant as herein fore
agreed, and operate the same for the
period of ninety (90) days, employing
at least one hundred (1OO) men and
with a pay roll of at least thir
teen hundred and fifty dollars (S135O) |
per week, to the acceptance and ap-
proval of said d. B. Torpy, w. w. |
Mills and w. NJ. Morse, then said Sec
oni parties agree to pay said first
parties or said corporation, as said first
parties may elect. the sum of twelve
thousand five hundred and fifty dollars
Q2, 500 Said first parties further
agree that said boiler works plant
shall not be removed from said city OF |
Marietta, Ohio, at any time within
three years after commencement of |
the operation thereof, except such re-
moyal be in consequence of causes
over which said first parties and said
corporation have no control.
J. j. LEIDECKER,
g. A. SCHAFFNER,
JAMES HUGHES,
j. G. GoRMLEY,
ID. G.. JOHNSTON