The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1908-06-27
PUBLISHED THAT OUR READERS MAY
TALK iNTELLIGENTlY OFT
PROBLEM OF MONEY UppERMOsT
Bank viii Advance Some Of the Money
and Citizens the Rest i The Loan !,
Ssfe-lnjunetion Feared


about the exact text Of the Faulkeneau
contract and that our readers may be
reliably informed upon il we print
herewith the original contract. IL Is
as follows;
Articles OF Agreement. made and en-
tered unto this third day of August, A.
d. 1907. by and between Faulkenau
Electrical CONSTRUCTION Company. a
corporation organized under the laws
OF the state OF Illinois, and doing bust
ness at the City of Chicago. in said
state. party Of the tiist part and herein
after called the contractor, and the
City Of Crystal falls, municipal COR
poration organized under the laws of
the state of Michigan, party OF the
second part and hereinafter called. the
owners. Witnesseth that the con-
tractor for and in consideration of the
sum OF two Thousand dollars ($2, OO0),
lawful money OF the United States,
10 IL in hand to be paid at the City OF
Crystal Falls. Michigan. AS hereinafter
provided and in further consideration
that the owners will, as hereinafter
provided reimburse said contractor for
the actual, necessary and proper cost
of labor 10 be performed and Of mater
Ials TO be furnished by the contractor
therefor as hereinafter provided, here
by agree. at its own expense, to build
an addition 10 the power station Of the
owners and install hydraulic turbines,
steel fumes, governors and accompany
ing parts, pursuant to specifications
hereto attached and.made part Of this
contract, and plans on file in the Office
Of the City Clerk Of the owners 10
which reference is hereby made and
which are also made part Of this
contract
Said turbines, fumes. governors and
accompanying parts shall be furnished
by and at the expense Of the owners.
delivered on board cars at the City OF
Crystal Falls aforesaid, and the con
tractor shall promptly upon the arrival
Of same unload the same from the cars
and convey to the place for installation.
The contractor shall start said work
as soon az practicable, but within
thirty days from date hereof, and shall
complete the said work as soon as
practicable, but not later than January
first A. d. iDOs.
The reasonable amount or amounts
OF premiums which shall actually be
paid by the contractors for employers
liability insurance in connection with
saidswork mot exceeding. however, the
sum Of one hundred and fifty dollarsl,
and also the reasonable premiums act
ually paid for the surety company
bonds hereinafter mentioned. shall be
deemed part Of the necessary and pro-
per-cost aforesaid, but such cost shall
not be deemed to include any expense
or liability accruing against the con-
tractor by reasons of it's negligence or
OF any event or circumstances beyond
the control of the owners. Said cost
shall be deemed 10 include the salary OF
one general superintendent at the rate
of two hunrded dollars 5000 per month,
and the salary OF one assistant engineer
at the rate of one hundred dollars per
month. from the inception of said work
until the completion thereof for such
time as they shall be actually on duty
about said work is being prosecuted,
together with the railroad fare for said
general superintendent and assistant
engineer for one round trip from Chi
cago. Illinois 10 Crystal Falls, Michi-
gan and return. and the hotel expenses
flor board and lodging only Of said
general superintendent aud assistant
engineer while at said City Of Crystal
and on said duty as aforesaid. and
also the railroad fare from Chicago. III
10 Crystal Falls Mich. and hotel ex-
penses at said city OF Crystal Falls Of
the contractors chief engineer. who
shall personally inspect said work twice
In each month at approximately regular
intervals during the progress Of the
WORK. But shall not include the salary
or other compensations Of said chief
engineer Said cost shall also be- deem
cd to include the freight charges from
Chicago. ILL.,, and return on all tools
and apparatus Of the contractor which
u shall ship 70 said Crystal Falls for
said work, and the reasonable rental Of
snch tools and apparatus as the con
tractor shall hire Tor use ON such work
at said Crystal Falls
The contractors shalt save and keep
the owners harmless and without loss
from all claims suits, actions, judge
ment and damages arising from injur-