The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1902-12-13

assigns are. ana snail ever DO suDJect
to this express Limitation. that the
development and use OF such excess
water power shall in no manner con-
flict or interfere with the full and
complete nsa and enjoyment by
said city Of that part OF said WAGER
power which may or shall at any
time be required for the operation of
its electric light and water works
systems and the supplying Of said
city and it's inhabitants with electric
lights and water.
II, at any time during the life n
this agreement, the said party of the
first part shall be unable. by means of
power house or power houses on the
west side of said Paint River. to OBJ
tain sufficient power to operate it's
electric light and water works systems,
and supply said city and it's inhsbi-
tants with water and electric lilhss.
it shall then have the right TO erect
and maintain a power house on the
east side OF said river. doing, however,
no unreasonable or unnecessary dam
age to the said party Of the sec md part
his representatives or assigns.
All buildings, strcutures, machinery
aud other improvements which may
or shall be made. placed, erected or
constructed npon said lands or any
part or parts thereof, by the said party
of the second part. his representatives
or assign shall be and remain per-
sonal property and shall be subject to
assessment and taxation in the same
manner and form as other personal
property is or may be assessed and
taxed under the laws of the State OF
Michigan, and, for any moneys accur
ing t. the said part ot the first part
under the terms hereof, and remaining
unpaid for the space OF thirty days
after the same shall have become due
and payable, the said party ot the first
part shall have lien upon all such
baildings, structure. machinery and
other improvements, which may be
enforced i'm the same manner and on
the same notice as il or may be pro-
vi led tor the enforcement of chattel
mortgage liens under the laws OF the
State of Michigan.
At the expiration of this agreement
by limitation or otherwise, the said
party Of the second part. his re-
representatives. and assigns MY remove
all bindings, structures and other
personal property belong ging to him or
tnem, as the case maybe, from said
lands. ana shall have the period of
sixty days after such expiration for
snch purpose, provided all moneys dus
the said party Of the first part from
| the said party OF the second part, his
representatives or assigns under the
terms hereof, have been fully Iaid,
aud. IL not fully paid at the time Of
such expiration, then said party of
the second part his representatives
and assigns shall have sixty days from
the date OF making payment in full
to the said party of the first part In
which TO remove the same, and pro-
Ivided further that such removal OF
bull lings, structures and other per
sonal property may be effected witholt
material injury to the realty or to
other property of the party OF the first
IpArt. The said party OF the 6rst part
shall, however have the right, at the
expiration Of this agreement, whether
by limitation or otherwise Co pur-
chase at their fair cash value from the
said party of the second part, his
representatives or assigns, the build
iugs. structure excavations, machin.
cry and other improvements, made
constructed or erected by the said
/ party Of the second part, his repre-
sentative or assigns for developing ans
using the excess water power afor,
said, giving said party OF the seconc
part, his representatives or assign
notice in writing Of is intention ant
election 50 to do sixty days prior L
slch expiration OF this agreement
In case the parties hereto shall no
be able to agree upon what shall con
stitute such fair cash value, the sam,
shall be determined by three arbitrat
ors to be chosen as follows. The said
party Of the first part shall choose on,
person to act as arbitrator, and th,
said party of the second part, his re-
presentatiyes or assigns shall choose
another person 70 act as arbitrator,
and the two presons so chosen to act
a, arbitrators shall choose third per-
son 10 act as arbitrator, aud the three
persons 80 chosen shall determine the
far cash value Of said property The
decision Of any two OF said three
arbitrators shall be sufficient TO deter.