The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1902-05-09
AGREEMENT MADE
The Street Railway Now Seems
to be Assured.
Committees From the Merchants and
the Company Agree on a Con-
tract--The Bonds Sold.

G. D. Benack and Geo. Pond, on the
part of the Merchants Protective asso-
citation, and A. E. Clark, W. L. Hixon
and s. Wilhartz on the part OF the
Mankato and st. Peter Railway and
Lighting Co., held a meeting and ar
rived at an agreement in regard to
limitations to be placed on the COM
pany's franchise, through contract
with the city.
Both sides came together in spirit
of harmony and fairness, and the re-
suit was the following contract was
agreed upon as satisfactory to both
sides:
This agreement, made this = day
of May, 1902, between the Mankato
and st. Peter Railway and lighting
Company, a corporation, of the state
of Minnesota, party of the first part,
and the city of Mankato, party OF the
second part,
Witnesseth, That whereas, on the
10th day of April, 1902, an ordinance
to authorize the construction and
operation in the city of Mankato of a
railway, power, lighting, and heating
systems, and granting to the Mankato
and st. Peter hallway and Lighting
Company certain rights and privileges
in relation thereto, being ordinance of
said city No. So, was passed and
adopted by the common council of
said city and thereupon approved by
the mayor of said city and counter
signed by the city recorder thereof,
Now therefore, the said Mankato
and st. Peter Railway and Lighting
Company, in consideration of GER
tain contract made and entered into
the 18th day of April, being a good
and valuable consideration between
the said railway and lighting COM
pany and the city of Mankato, and
acted upon by the common council of
said city upon said 18th day Of April
1909, and executed by said corpora
tion, the said railway and lighting
company and signed by the mayor OF
said city of Mankato. and to be deliv-
cred by said city of Mankato to the
said railway and lighting company.
The said Mankato and st. Peter
Railway and Lighting Company by
authority of its board of directors does
hereby waive, remand and release un-
to the said city of Mankato certain
rights and privileges hereinafter de-
scribed, which may be contained in
said ordinance
First-All exclusive privileges for
municipal lighting after ten years
from December 1, 1909, TIE said city
being granted the privilege thereafter
to maintain and operate its own plant
for furnishing municipal lighting. or
to contract with others for the same.
Second-Au exclusive privileges as
to steam and hot water heating sys-
TENS, unless within four years from
December 1st, 1902 said company
shall have laid and in operation not
less than ten blocks of mains connect
ed up for heating.
Third-In case of another long
distance electric railroad from non
competitive points building it's lines
distance of not less than forty (fOl
miles to the city limits of said city OF
Mankato with standard tracks, when
the said long distance railroad desires
to make traffic arrangements or use
| the tracks of the Mankato and st.
Peter Railway and Lighting Company,
then said Mankato and st. Peter Rail
way and Lighting Company will make
reasonable rate for the use of it's
| tracks through the city of Mankato by
the said long distance railway and a
reasonable traffic arrangement will be
| made for the handling Of freight and
passengers delivered to said MankatC
and st. Peter Railway and Lighting
Company by said long distance electric
road. Provided, however, that the
said long distance road nor any other
electric road shall not interfere in any
way with the exclusive rights and
privileges locally granted said Manka
to and st. Peter. Railway and Lighting
| Company.
In witness whereof, this agreemen
| is entered into this day and date, sign
ed by the mayor of said city and coun
tersigned by the recorder thereof by
direction and authority of the com
mon council of said city, and signed
and executed by the president an(
secretary of the said Mankato and st
Peter Railway and Lighting Company
by authority of its board of directors,
the said railway and lighting COMPANY
having no corporate seal.
The above contract was placed il
the hands of City Attorney Dale.
Friday and was presented to tn
council that evening with the reques
that it authorize the proper city off
Gals to sign it. The agreement reach
ed, it is believed and hoped, will en-,
all agitation.
Mr.. Clark states that if this contrac
is entered into, a copy of it will b
sent to J. 81. Collins at once, 30 tina
the parties who are negotiating 70
the bonds will have thorough under
standing of the situation. This wi
make it binding on their part.
The directors of the company held
, meeting in Mr.. Clark's Office this al
ternoon and approved the contrac
and transacted some routine business
Mr.. Hixon received telegram fror
Mr.. Collins late yesterday afternoon
and further word today, that the sal
of the bonds has been PRACTICAL
closed, subject to the vreifcationl
which he desired to have forwarde
} as soon as possible. This includes tE
Z franchises, contracts, and substantis
3 tions of statements made in the pros
pectus.
3 Mr.. Collins expects to arrive