The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1908-09-13

4 N0SC lAC W oil COuSuul6IS OIL
electricity, other than the city, from
eleven cents (11c) per thousand watts
to ten cents Q0c) per thousand watts.
with the same provision for discounts
to consumers of electricity as provid-
ed and set out in this contract. Such
reduction shall be effective beginning
with the month Immediately succeed
ing the month in which it has been
ascertained that such population has
so increased to twenty-five thousand
(25.000).
5th. is further agreed by the ccm-
pany, in consideration of the making
and execution of this contract for the
taking of water, gas and electricity by
the city, that it does hereby give and
grant to the city an option to purchase
and acquire the waterworks plant and
appurtenances of the company as To-
caed and constructed in said city at
the expiration of the first five year
period of the term of this contract
or at the expiration of said ten-year
period, and which plant and appur-
tenances shall also include the follow
Ing real estate in said city. to wit:
New Town Lot Number Two Then
sand and Ninety-four C2O9D ard that
portion Of Old Town Lot Fiftv-one C5D
described as follows: Beginning at the
intersection of the East Inc of Ople
thorpe street with the Southern line
Ct F street and running thence south
along the East line of Oglethorne
street to the North wall Of the pres
ent electric power-house of said com
pany (and which wall shall be a marty
vail; thence running East along the
North wall of said power house and
on line extending beyond it to the
Western line of Grant street. being n
total distance from the East line of
Oglethorpe strest To the Western line
| of Grant street of one hundred and
eighty QSO) feet; thence running
North along the Western line Of Grant
street to the South line of F street
thence running Westerly alcng the
South line Of F street one hundred
and eighty GSG) feet to the point of
| beginning. The value Of said water
works plant and arpurtenances, in
cluulng SAID real estate, to be deter
ulIhed by afhItraton, the city to Sc
lect one arbitrator and the company
to select one, and if said arbitrators
| Ian 10 agree on such valuation they
SiaIi seiect an umpire, and the decis-
ion of such umpire as to such valu-
alton shall be final and binding on
me parties hereto # the city should
| desire 10 exercise this option, it must
give hoIlce OF us intention six Co
4 months prior TO the expiration Ct the
iISt I'VE t'j year PERIOD, or SIX months
! PTlof 10 the expiration of the ten
/ wv year period as the case may be,
Such NOTICE to be by formal resolu-
tion CT ordnance copy Of which must
| De served upon the president, vice
| pre5ldenl' or mahaser OF the com
pahE' 9uch Faiuatlon or appraisment
| ih''St PC maze ana submitted to each
! party hereto Within Two ~ months
rom the date OF the service of such
| nolIce' Doth parties agreeing to
prcIhpuY select thelF arbitrators af-
| Ter the service or fuch notice. In
'ne event ol Such purchase the city
shall pay IN cash TO the company the
amount SO determined as the value OF
| Such wafer plant at the expiration or
| sala IlFe to) year period or sa ten
wv year perlod, accord ng as the city
| may eject TO purchase at the eXpira-
uoh OF sald hYe 10 year cr ten Co)
year peIlou' or II the CITY should not
usslre 10 pay cash Tor such property
theh the terms ana conditions OF pay
nent may be mutually agreed upon
IN giving hotlce Oh us desire to pur-
chase the city must state whether or
net II desires 10 pay cash, and II not.
'hen 1t must set out the terms and
condluons upon which it desires to
purchase: II me CITY, aftHr giving such
ho'lce' should raj to make pnrcha7e
and payment Tor said water-Works
plant and appurtenances' as herein