The Republican. [volume] (Oakland, Md.) 1877-current, 1905-09-14


prevent the waste OF water and the by
orlzed by the
shall harmless party the first part from all suits
tons loss damage COSTS charges and expenses every from
existence said system by reason Of the neg
gence agents servants in the construction manna
operation Provided the cause Of damage is trace
able to the caresnes negligence of officers employees party
1t is further covenaned and agreed that the said party
successors and assigns and upon being Unidentified by said party
the second its assigns against loss cost or
for the of enabling the party of the part
and assigns to into effect the conditions and provisions
ofte first part when exercised bv it on Behalf of sid M
part assigns will enable it to c3r the
terms and provisions of this contract into effect.
under granted this ow That the said party
l LIS; lis successors ana agns shall within eighteen months from
the time OF the passage OF this ordinance in good faith actually begin
the furnishing and delivery of water the citizens of the party
pipes necessary laid within the corporate the
town of Oakland shall be laid aud complete 5s 1905 on all
As further consideration for the granting of this franchise
that party Of the first part may and Shall have the ob at
the end OF twenty five years from the passage of this ordinance pur
chase SAID system OF alter Works four percent basis
The annual income for the preceding year be taken
ana hed to be equal to four per cenum Of the value Of said
e ana upon cng TO so purchase SAID system of Water Works
said Mayor and Town Council of Oakland Maryland pay
fore twenty five times the annual net income thereof for the year
chase aid system o JTt Was , e OF lne cuo1 TO SO PuT
right to purchase be exercised h day September of
after twenty FIVE from passage
hereof Such purchase shall include plant and system and
all the fixtures appliances franchises rights and privileges vho
ever a S sa5 a[ to a o 5ys sd Of Water Works
snail execute and give Bond with approved security the party
the h part in the penalty of Ten Thousand Dollars conditioned
the faithful carrying of all the provisions ordinance fran
CURED the actual construction of said system of Water Works
begun but such beginning Of the thereof such
1905 except by and with the further consen Of 9 W ~ M per-
and assigns party part shall have
the right to demand OF said of the part
assigns bond whenever the opinion party the first
part such action shall be deemed necessary.
49, Nothing herein shall be taken prevent
party OF the second part his and assigns conveying
water through their said pipes mains lines laid in upon and
Oakland for the use of persons firms and
residing without the corporate limits Oakland but
As further consideration the rights privileges hereby
given and granted the said party of the second its and
the corporate limits Of the Town of Oakland and running along
thence with Alder Street thence with Second
Street to the Northern line OF the corporate limits of the Town Of Oak
land shall be laid of cast iron of thickness be
further agreed that the said party the
part IT'S successors and assigns shall furnish to the said party
Of the first for such time this franchise in force
placed at such places along the of said party
the first part may direct said wator be furnished free of
and constructed to supply both and beast and supply
water furnished said drinking fountains shall all times
for the needs of desiring And the
said party the second part and assigns shall
sh water to the Council Chamber and lock said Town
land for domestic closets btub sinks charge
for such services no taxes of kind shall be imposed prop
TO- This contract be by party second
part Its successors and assigns at time giving twelve
months notice so to terminate but the that said party
second part its and assigns notice
inmate said then three
one by said party of the first part by said party
part its and they
persons are place value said and
the giving the aforesaid notice either the said party
individuals shall have the purchase
works at the price fixed by the aforesaid arbraors
T. The said party of the first shall
this into effect conditions
within sixty (6o days beginning of the constrc
ton of said system.
49, The terms and conditions of this shall
bind as well the parties hereto their respective
assigns.
IN WITNESS WHEREOF the parties hereto have caused this
to be duly executed by their and respective officers
respective corporate seals hereto attached the day and
written.
Attest: HENRY w NCCoNAe lzqpoy
J. c. DUNHA1, Clrk