The Owosso times. (Owosso, Mich.) 1897-1926, 1899-10-20
Common Council.
Common Council Chamber.
OWOsSO. Mich Oct 10 1900


Owosso Mich. Oct. 10, 1899.
Special meeting of the council with Mayor A.
Aldermen present. at roll call Pierpont, Nc
Lean, Harmon, Curry, Jordan, Palmer, Walsh,
| The clerk read the following call for the spe.
cial session:
owosso, Mich, oct. Is, 1899.
City Clerk; Slr-You are hereby instructed to
call the members of the common council of the
| city of OwossO To meet In special session on Oct.
10, 1899, at O'Clock D. M for the purpose of con-
sidering the contract and bond of the Owosso
Carriage Co. TO be submitted by the committee
appointed by the council at its last session.
Arthur M. Hume, Mayor.
The contract with the owosso Carriage Co. was
read as follows:
Agreement between the Owosso Carriage Com
pany, corporation OF Owosso, Michigan. party
Witnesseth: The said owosso Carriage Com
pany In consideration of the delivery to it of the
bonds OF said city In the sum of 100000, bearing
four per cent annual interest, payable semi.an-
nually, due In fifteen years, agree with said city
as fo0ws
1t will acquire the title of the plant in said city
now occupied by said company as a carriage fac
tory on the south side of the d., G. III. & M. Rail-
road. and will begin Immediately and proceed as
fast as the weather and the procuring of the ne
cessary material Will permit, TO make the addi-
tons to said plant and factory mentioned and
described In the proposition accompanying the
map and plan submitted by said Carriage Com
pany, to the mayor and common council of said
city, and on file with the city clerk, making an
Investment of at least $30,O00OO In said property
and improvements. and so that said FACTORY
when so added to and improved, will be three
stories high, of brick, and two hundred and sew
enty feet by one hundred and fifty feet; with an
open area IL which will be the boiler and engine
rooms, and so that the floor space of said build
Ing and factory will be about 100000 square feet
said factory to be operated by said company for
the manufacture of carriages or other manufac-
turing purposes, and In such business IL will en-
ploy an average of $50 persons as workmen and
al VaaF N nn ha cd of
seven years from and after the completion of
said building.
Provided, tits expressly understood and agreed
that should any financial depression occur or ex-
igency In business, and the manufacturing in
dustry so to be carried on by them, or any cessa-
ton of such business on account of injury to said
property by fire, then, and In such case, such
time In which said business shall not be carried
as provided in said contract shall be added to
said period of seven years.
Said Carriage Company will further secure said
city by Insurance upon said property loss In case
OF ire, payable to said city rs follows To the
amount of 100000 the first year, and one thous-
and less each year thereafter provided that in
case of the destruction of the whole In part of
said property by fire, and the said Carriage Com
pany repairs or rebuilds the same within year
from the time of said fire, then the insurance
shall be retained by said Carriage Company.
And for further security, said Carriage Compa-
ny agrees to execute and deliver its bond In the
sum and penalty of 81 900 to said city with surety
or sureties approved by sand committee, appoint
ed by said council conditioned for the com plete
performance by 1t of all the terms and conditions
of this contract.
Provided and it is so understood by both par
ties hereto, that the liability of said Carriage
Company under this contract and its obligation
under said bond shall be decreased and be can |
celled TO the amount OF one thousand dollars |
each year that said business shall be carried on |
according to the conditions hereof.
Witness our hands this 18th day of October. |
Owosso CARRIAGE COMPANY IL.S1 |
BY Alvin NJ. Bentley, Pres.
We approve of the foregoing contract and the |
terms and conditions thereof, and of the bond |
referred to therein and annexed thereto.
Commttee-Arthur M. Hume, |
Asa ID. Whipple, |
+. IL. Watson,
l. III. Keller.
Know All Men by These Presents, That we the |
Owoss0 Carriage Company, corporation of |
Owosso, Michigan, as principal, and Alvin M |
Bentley and Charles ID. Stewart, both of OwOssO
Michigan, as sureties are held and firmly bound
unto the City of OwOsso, Michigan, In the sum of |
seven thousand dollars lawful money of the |
United States, to be paid to the said City of |
OwOssO or its certain attorney or assigns for |
which payment well and truly to be made we
bind ourselves, our and each of our heirs execll-
tors and administrators Jointly and severally,
firmly by these presents, sealed with our seals
Dated the 18th day of October 1899.
Whereas, the above bounden Owosso Carriage
Company In consideration of the payment and
delivery to 1t of the sum of 100000 In the bonds
of said CITY, has this day entered into an agree
ment and contract with said city of Owosso,
which agreement and contract Is hereto annexed
and makes part nereOf.
Now, therefore, the conditions of this Obliga-
ton Is such, that If the above bOunden Owosso
Carriage Company shall we'll and truly keep and
perform In all things, all the conditions of said
contract on its part to be done and performed at
all times, and In the manner provided for In said
contract, then this obligation to be void, other
wise to remain In full force and virtue.
OWosso CARRIAGE COMPANY ]L.S.l Il
BY Alvin M. Bentley, Pres. H. s.
Alvin NJ. Bentley. IL. ST. l.
Charles ID. Stewart: IL. ST.
Aid. Curry moved the contract and bond be
confirmed. motion prevailed; ayes, Pierpont,
Mclean, Harmon, Curry, Jordan, Palmer,
Walsh and Washburn-S; nays 0.
Aid PierpOnt moved that the sum of S3033 be
accepted from the OwOSso Carriage Company,
being The amount OF interest represented by the
coupons attached to bonts up to the time the
bonds were delivered to the Owosso Carriage Co.
Motion prevailed and the said amount of mon
ey was paid the clerk.
Upon motion the council adjourned
JOHN l.. ASH, City Clerk.
A Resolution.