The news-democrat. (Providence, R.I.) 1906-1909, 1906-11-21

succeeding year until the year OF pur-
chase Inclusive. said interest to be dg.
ured with annual rests and the interest
Tor each succeeding year 10 be figured on
The new principal Such unimproved land
shall be land which at the time OF pur-
chase does not have building thereon.
or AT sald time IL not ploughed. fertil-
ized. cultivated. cleared OF rock and
stone, or otherwise improved for farming
or other purpose or purposes; and any
Improved lying westerly Of the old New
London turnpike. II improved afors-
said within one year from said Feb.
Tor the purpose OF sale as unimproved
land and shall be sold at the aforesaid
! price. Tho price for any land with
building or buildings thereon included In
such square OF ten acres shall be, during
said first period OF three years six hum
ered dollars per acre, plus fair value
such value to be determined by agree-
ment. or in default. OF agreement. by ar
pltrators, one 10 be selected by each re-
spective interest and the third by the
two so chosen. and the decision OF any
two OF them TO be binding upon the par
ties In interest, and after said period OF
three years, six hundred dollars per acre
plus four per cent interest to be added
for each succeeding year until the year OF
purchase inclusive, said interest to
be figured with annual rests, and
the Interest for each succeeding year TO
be figured on the new principal, and also
plus fair value for the building or build
ings thereon, such value to be determined
as aforesaid. The price OF any improved
land included In such square OF 10 acres.
but not having a building or buildings
thereon shall be during said first period
OF three years six hundred dollars per
acre, and after said period six hundred
dollars per acre plus interest TO be at
the rate and reckoned In the manner "a
hereinbefore provided In addition to the
aforegoing stated prices, the value OF any
included in any such square OF 10 acres
shall be added To and included in said
prices. and in case OF failure 10 agree an
TO said value. the same shall be deter
mined by arbitration as aforesaid. No
building or buildings shall be erected on
said tract OF land durng the period of Ave
years from said Feb. l. 1902. until after
the said New England Briquette Coal
company it's successors or assigns, shall
be given three months prior notice OF the
intention 20 build and the opportunity 10
purchase within said period OF three
months the location OF any such
proposed building or buildings, as
part Of such hereinbefore speci-
fed 10-acre square or squares, but
this provision shall not prevent building
without such notice and opportunity to
purchase a dwelling house on land bound
ing on Reservoir avenue on or near the
site OF one formerly thereon which was
destroyed by fire, or prevent the rebuild
ing, repairing or restoring any building
or buildings now on said tract OF land
without such notice and opportunity TO
purchase. After the period OF five years
from said Feb. ], 1902. in case said Harris
Farm e. Mine company, or Its successor
or successors, shall at any time or times
desire TO sell its or their remaining title
and interest in said hereinbefore described
tract of land or any part or parts there
OF II or they shall have full right to do
the same, free OF all right OF purchase OF
said New England Briquette Coal COM
pany, its successors or assigns. provided
that before making any such sale. said
New England Briduette Coal company. ito
successors OF assigns. shall first be given
the opportunity. for the period OF three
months, 10 purchase such remaining title
and interest in said tract or any part or
parts thereof upon and according to the
aforegoing terms and prices. but In case
OF purchasing less than the whole land
included In said tract or in any part or
parts thereof owned by said Harris Farm
e. Mine company, or its successor or suc-
cessors, the right to purchase under this
| proviso shall be confined to purchasing
| In such 10-acre square or squares. Said
Harris Farm q Mine company. its sue
cessor or successors, in any sale made
under the aforegoing provisions shall
have the right to reserve any necessary
rights OF way over the lands sold to said
New England Briquette Coal company,
its successors and assigns. for travel on
foot and with vehicles or otherwise 20
and from any other lands included In said
tract, which are not purchased by said
New England Briquette Coal company,
its successors and assigns. and which re-
main the property of the said Harris
Farm a Mine company, its successor or
successors
And in case Of any purchase by said
New England Briquette Coal Company. It's
successors or assigns, under the aforego-
Ing provisions with each such purchase
there shall be granted to said New Eng
land Briquette Coal ompany. its success
ors and Assigns. any necessary right OF way
over land in said tract remaining the prop
erty OF said Harris Farm and Mine Com
pany. its successor or SUCCESSORS, for trav-
el on foot and with vehicles or otherwise
TO and from the highway nearest to the
land purchased whether II be the Socka-
nosset Cross Road. Reservoir avenue or
| other public highway.
Excepting. however. from this grant
| and deed that portion OF said tract OF land
| comprised In a strip or land having uni
| form width OF fifty 600 feet which was
conveyed to the City OF Providence for a
water pipe main line by deed recorded in
| the town clerks Office in said Cranston In
book 81, page 461.
And also excepting therefrom that lot
OF land comprising seven and 2l2-1000
(T.2lZD acres conveyed Dy sdlu ildiiiS
| Farm and Mine company to said New
England Briquette Coal Company by deed
dated February /. 1902.
And this deed and grant Is made sub
! feet to the lease from said Harris Farm
/ and Mine Company TO j. William Moore
dated December 81, 1898, OF that parcel OF
land, included In the aroredescribed prem
! ises. containing about eleven acres and
! known as the "coal mine lot" OF the road
bed OF the old New London Turnpike on
| the northwesterly side OF said lot, and OF
strip OF land one hundred feet In width
! on the northwesterly side OF said road
bed and extending about one thousand
| feet along the whole of said lot, and sub
feet TO all rights Of the lessee Hereunder,
! including provisions as to rights OF way.
but with the right in said New England
Briquette Coal Company, Its successors
and assigns. 10 collect and receive TO its
and their own use all rents and royalties
reserved and accruing under said lease.
or any renewal thereof in accordance with
It's terms in favor Of the lessor. any ex-
nense however incident TO collection OF