Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-02-03

herein before provided for. Said pay
ments shall be made quarterly on the |
first days OF January, April, July and
October.
.. The fire hydrants shall bc pur-
chased aud owned by the CITY OF Ak
ron, and II shall also bear the expense
OF setting the same, aud of all the ser
vice pipe leading from the water main
thereto. A special casting shall be put
in the mains by aud mt the expense Of
the Water Works Co., for connection
with such fire bydrants.
3. The Water Works Co. may estab-
lish and enforce reasonable rules and
regulations to prevent waste of water
and to protect its water mains and
water supply; and the City of Akron
agrees to pass such ordinance as II
may lawfully pass and to enforce the
same, to as great an extent as possible
to protect the rights of the Water
Works Co. and it's property from
nuisance, tresspass, injury or damage.
1t is hereby further agreed that when
IL becomes necessary to excavate in
paved street for the purpose Of re-
pairing or replacing water pipe or the
appurtenances thereto. permit shall
be obtained i'm each and every case
from the proper city authority, and
the City Of Akron reserves the right
to relay said pavement at the expense
Of the Water Works Co.
1t Is also further agreed that the life
and duration of this contract for sup
ply of water under the terms and re-
strictions hereof shall be limited to 20
years from the first day of April, 1894;
but said Water Works company here
by grants to said City of Akron the
right and privilege Of purchasing the
said water works, the real estate Of
said Water Works Co., and all its
franchises, easements and all the
appurtenances thereunto belonging,
at the expiration of each successive
period of five years during the 20-year
period aforesaid, If said city is then
empowered to do SO, under the follow
ing terms and conditions, towit: Said
|. city shall give written notice to said
Water Works company, its successors
or assigns. of its intention to exercise
the said right and privilege and to
make said purchase at least six
months prior to the expiration of the
five-year period at which 1t may be
intended to effect said purchase; the
purchase price thereof shall be fixed
by board Of arbitrators, or apprais-
ers composed Of five persons, two of
whom shall be selected by said Wa
ter Works company, but they shall
not be stockholders, employees, or in
any way interested in said Water
Works company, it's successors or as
signs. Two of the said board of arbi-
traitors or appraisers may be selected
by said city of Akron, but neither Of
them shall be members of the CITY
Council. Board of City Commissioners
or officers or employees of the city OF
Akron; the fifth arbitrator or apprais-
or shall be a disinterested person who
shall be selected by the four above
provided for; all books, accounts,
vouchers and everything of whatsoever
nature in the possession of or under
the control of either party which gives
information touching the value of cost
of said water works plant and prop
rety shall be freely shown to the full
board of arbitrators or appraisers,
and time given to fully investigate the
same; the, price fixed by the said
board Of arbitrators or appraisers
shall be final and conclusive, and up
on payment thereof said purchase
shall be complete and conveyance of
the property with possession thereof
shall at once be made to said city,