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

t25,0OO) bona fide residents, it will re-
duce the rates to all consumers of
, electricity. other than the city, from
cicTeG cents ee114e1 per thousand watts
to ten cents u0c) 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,OOO).
5th. is further agreed by the com-
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 Thou
sand and Ninety-four (2094) and that
portion of Old Town Lot Fifty-one (51l
described as follows Beginning at the
intersection Of the East line of Ogle
thorpe street with the Southern line
Of F street and running thence south
along the East line of OgIethorpe
street to the North wall of the pres
ent electric power-house of said com
pany (and which wall shall be a party
walD; 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
total distance from the East line of
Oglethorpe street to the Western line
OF Grant street OF one hundred and
eighty QS0) feet; thence running
North along the Western line of Grant
street to the South line of f street
| thence running Westerly along the
South line of F street one hundred
and eighty $50 feet to the point of
| beginning. The value of said water
works plant and arpurtenances, in.
! GLIDING said real estate, to be deter
mined by arbitration, the city to SO
lect one arbitrator and the company
to select one. and if said arbitrators
fail to agree on such valuation. they
shall select an umpire, and the decis-
ion of such umpire as to such valu-
| alton shall be final and binding on
the parties hereto. If the city should
desire to exercise this option, it must
give notice of its intention six (6)
= months prior to the expiration Of the
first five 90 year period, or six months
prior to the expiration of the ten
| (10) year period, as the case may be.
| such notice to be by formal res0lu-
| ton CT ordinance, copy of which must
be served upon the president, vice
/ president, or manager Of tho Gem
pany. Such valuation or apnraisment
| must be made and submitted to each
party hereto within two % months
from the date of the service of such
notice, both parties agreeing to
promptly select their arbltrators af-
ter the service of such notice. In
me event 81 such purchase the city
snall pay ID cash 10 the company the
amount SO de' efinlned as the Value Of
/ S'ch WaleH plant at the expiration Of
sald hVe (o) year period or sad ten
wv year period according as the city
may elect to purchase at the eXpira-
ton of said five (5) year CT ten 10)
year PERIOD or u the city should not
desire 10 nay cash Tor such property
theh me terms ana conditions Of pay
Inent may be mutually agreed upon.
IN giving hollee OF ITS desire to pur-
chase the CITY must state whether or
nGt II desires TO pay eash, ana II not,
men II must set oat me terms and
condiliohs upon which It desires to
purchase, Il me clly aftaF giving such
hotIee' should ia 10 maize purchase
ana payment Tor said Water-Works
Dlnnt ana aDpNTJGnADcGS. as herein