The Brattleboro reformer. (Brattleboro, Vt.) 1907-1912, 1907-07-26
New Scheme to Settle Vii.
lage Water Question.
OPTION TO BE TAKEN
By w. II. Vinton, j. +. Hooker and Z.
w. Gibson With Agreement TO Turn
Property over to Village If 1t So De
sires-Matter VIII Be Decided Today

An arrangement Nh'Itpg INV '''"hN
of Brattleboro will be given more time
in which 10 make up its mind about
purchasing the Crowell water systems
al the figure stipulated in the legisla-
tive enactment of last fall will prob
ahly be consummated this afternoon.
The arrangement is in effect an option
given by the Sunset Lake and Chest'
nut Hill companies on all its holdings
TO William II. Ninton, James f. HOOK
er and Il. w. Gibson from Dee. ~,
1907. the time when the villages OPP
ton expires, until October /, l9U9.
The option gives these three men the
right to take the system for S26O,OOO
plus the actual cost of any additions
TO or work done upon the systems un'
der the supervision of the baillhs
since Dee. 10, 1906. Before this option
is turned over by the Crowell interests,
however. Mcssrs. Vinton, Hooker and
Gibson will sign an agreement promis'
ing to turn the water systems over to
the village or any other municipal cor
poration having the charter right 10
take them, and agreeing as private
citizens to make no attempt to secure
legislation damaging to either side.
This plan is the result of confer
ence which was held early in the week
between Mr.. Crowell and a number ot
citizens of the village, and its good
points are as follows: If the village
does not vote before Dec. ~ to pur.
chase the Crowell systems it will stu
have nearly two years in which to get
them at the same figure plus the act
nal cost of whatever work the ballliis
permit; the present time is extremely
had for the hotation of bonds at rea-
sonable figures; if the village does not
vote to buy the systems at once Mr..
Crowell can 90 ahead and complete
them under the supervision Of the
bailiffs and then demonstrate to the
people of Brattleboro just what he
has to offer.
While this agreement does not IN
terfere in the slightest with the WI
lage s right to purchase the system be-
fore Dee. 10 as specified in the enact
ment secured at the last legislature, 1t
is understood that the petition pre-
sented last week to the bailitls for
special village meeting will be
withdrawn since many of the signers
have come to the conclusion that now
is not a good time to take action on
the question.
The option which the Crowell inter
ests will give to Messrs. Vinton, Hook
er and Gibson is as follows:
KNOW YE ALL MEN BY THESE
PRESENTS: That this agreement made
and entered into this 22nd day of July,
1907. by and between George E. Gro
well, the Chestnut Hill Reservoir com
pany, corporation, and the Sunset Lake
Water company, corporation, all OF
Brattleboro, Windham county, VT,
hereinafter termed parties of the hrst
part and w. II. Vinton, James +.
Hooker and Z. w. Gibson, all of said
Brattleboro, hereinafter termed parties
of the second part Wltnesseth:
~ That in consideration of the
sum of one dollar to them in hand
paid, the receipt whereof IS hereby
acknowledged, and other valuable con
siderations, the said parties OF the
first part hereby contract and agree
that they will sell and deliver to the
parties of the second part, the water
systems and all the properties, real
and personal, including all rights and
privilages and easements of the SAID
Chestnut Hill reservoir company and
the said Sunset Lake Water company,
including the water rights and rights
TO turn water and other rights and
privileges now owned and held by the
said George Z. Crowell for said named
corporations or individually for SAID
water systems, together with all ad-
ditions to and work done upon the
plant of the said companies up to the
time the option granted hereby shall
be exercised, all for the sum and un-
der the terms and conditions hereinaf-
ter specified.
(21 The parties of the second part
shall nav for all the said rights and
properties included and enumerated IN
the first paragraph hereof, If they eject
to exercise their option hereunder the
sum of $260,OO0 plus the expense OF
any work done upon and additions to
the plant of the said water companies
which shall have been done or added
under the approval of the bailitfs OF
the village of Brattleboro, VT, after
Dec. 10, 1906, and until the said parties
Of the second part shall exercise theil
option hereunder.
(3) The parties of the second part
shall on or before January l, 1909, elec'
whether they shall purchase the rights
and properties enumerated in the hrs'
paragraph hereof, and shall at the time
of said election notify the parties OF
the first part thereof, and then and
thereupon pay for and on account OF
such purchase price the sum OF $2o,
600 and shall on or before Oct. l
1909. paw the balance of said purchase
price and receive and take over the
said rights and properties.
az In case the parties of the sec
ond part shall not elect to purchase
under its option, and shall not notify
tho parties of the first part thereof
and make the payment required by th'
terms of this contract on or before
! January l, 1909, then all rights anC
interests of and to the parties OF tht
second part hereunder shall cease ant
be null and void; and if the said par
ties of the second part shall not afte
having so elected to purchase and afte
having made the payment required b,
the terms of this contract, make th'
further payment of the balance of thu