The Providence news. (Providence [R.I.]) 1891-1906, 1906-02-02
EXEMPTION
IS GRANTED

The Woonsocket city council last night
passed a resolution exempting the new
plant about to be erected In that city
by Charles Tiberghien OF Tourcoing.
France from taxation for 10 years. The
resolution follows:
Whereas, Charles 11berghien OF Tour
Going, France. proposes TO purchase land
in the city OF Woonsocket and erect
thereon buildings and improvements in
the manufacture of worsted yarns and
worsted fabrics. the erection OF the
buildings and improvements during the
first year to involve an expenditure Of
about one hundred thousand dollars
(s100, ,000). And in consideration thereof
the said Charles Tiberghien asks the city
OF Woonsocket 10 exempt from taxation
the land shown upon the plat accom-
panying the communication OF said
Charles Tiberghien and upon the build
ings and Improvements which may be
placed thereon except upon the present
valuatio thereof as fixed by the board
OF tax assessors OF the city Of Woon-
socket.
Now. therefore Il IS voted That in
the opinion Of the city council Of the city
OF woonsocket the following would be
advanta geous and satisfactory to the
city. and In consideration Of the said
Charles Tiberghien purchasing said land
or other land and locating said plant
thereupon as aforesaid, pledges the city
20 the faithful performance OF the same.
namely:
To exempt from taxation for said pc
riod OF said Is years all the lands OF the
said Charles Tiberghien In the city OF
woonsocket used for said manufacturing
purposes, whether said lands shall be the
same as shown upon said plat or else
where situated in said Woonsocket and
all the buildings. Improvements and
plants erected or TO be erected thereupon
for said manufacturing purposes and all
his other property to be acquired and
used for said manufacturing purposes.
and to assess during said period OF 10
years all his other ratable property In
said woonsocket acquired and used for
said manufacturing purposes at sum
or sums not 10 exceed the valuation Of
the lands. tenements and heriditaments.
which the said Charles Tiberghien may
acquire for said manufacturing purposes
as fixed by said boszd Of tax assessors
at tho time OF the purchasing thereof
Tho foregoing exemption, however. Is
granted upon the condition that salts
factory arrangements can be made with
the city OF woonsocket 10 lay It's water
and sewer pipes through any and all
lands thus exempted from taxation. and
TO secure for said city a right OF way
through Hamlet village TO the land now
owned by said city known "a Hamlet
Meadow; and upon the condition that II
at the expiration OF the first 10 years
Of the exemption period the said Charles
Tiberghien shall not have fulfilled the
expectations Of the city as 10 the size
and value Of his plants as outlined in his
petition the exemption herein granted
shall thereupor cease for the remainder
Of said exemption period.
The exemption granted under this reso-
luton and tho terms thereof shall extend
not only to said Charles Tlberghien, but
10 the corporation hereafter to be cre-
sted. under which ne proposes 90 operate
said plant or plants.
Said exemption TO date from the pas
sage OF this resolution.