The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1908-08-25

tenanceS snail also include the Hollow
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 (51)
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 Oglethorpe
street to the North wall of the pres
ent electric power-house of said COM
pany land which wall shall be a party
wall); 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 a
total distance from the East line of
Oglethorpe street to the Western line
of Grant street of one hundred and
eighty (1S0) 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 (1SG) feet to the point Of
| beginning. The value Of said water
works plant and appurtenances, in
Guiding said real estate, to be deter
mined by arbitration, the city to Sc.
4 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-
| afinr shall bn
the parties hereto. II the city should
desire to exercise this option, it must
give notice of It's intention six (6)
months prior to the expiration CT the
first five 60 year period, or six months
prior to the expiration of the ten
such notice to be by formal resolu-
ton CT ordinance, copy of which must
be served upon the president, vice
president, or manager of the com
pany. Such valuation or appraisment
must be made and submitted to each
party hereto within two CD months
from the date of the service of such
notice, both parties agreeing tC
promptly select their arbitrators af
ter the service of such notice. II
ithe event OF such purchase, the cit!
shall pay in cash to the company the
amount so determined as the value o
such water plant at the expiration o
said five 60 year period or said tel
Q0) year period, according as the cit!
may elect to purchase at the expira
: ton of said five 60 year or ten 40
!, year period, or II the city should no
desire TO pay cash for such property
then the terms and conditions of pay
, ment may be mutually agreed upon
In giving notice OF its desire to puT
chase, the city must state whether o
met it desires to pay cash, and If not
then 1t must set out the terms ant
conditions upon which 1t desires t.
purchase. II the city, after giving sucl
notice. Dshould fail to make purchas,
and payment for said water4work
plant and appurtenances, as herell
jprovidea. then the city shall pay tn,
: {entire expense incurred by the com
i pany in connection with such arbitra
ltfUn. as wen as the expense OF tn,
Pii emu ItO OHh GADcH9tS. III DID
, pertaining. the value of such water
works plant and appurtenances, sucl
, Iarbitrators or appraisers shall con
sNer and appraise the physical valu,
OF all OF such waterworks properties an,
iappurtenances at the time of arbitra
, ton, without taking into consideration
, any franchise or commercial value Ii
the event OF such purchase by tn,
city, the company agrees that ii vii
, lconvey and deliver all or said water
! works plant and appurtenances freu
, from liens, mortgages, bonds and an,
, and all other encumbrances and in
Idebtedness Of every kind and charac
ter whatsoever. In the event of pur
| chase OF such water-works plant a
the expiration OF The first 1--WE IS
year period, this contract in respect t,
the furnishing OF water shall termi
nate, but shall continue and remain
. or force in respect to gas and cleo
I tricity both to the city and It's inhabi
tants until the expiration OF safd tel
001 year period
1T is further understood and agree,
that in the event the said city shall
by ordinance. resolution, or otherwise
reduce or undertake to reduce. thu
rates herein prescribed and agreed
upon FOR watr, gas and electricity Il
said corporation for municipal Dur
poses, or to the inhabitants thereof
or to other private consumers, before
the exercise OF the option herein
given TO said city to purchase said
water-~orks plant and appurtenarces.
or shall, before said time, fan or re
fuse to take and purchase from the
company all the water, gas and cleo
>, tricity needed and required by it fct
1.-THE lighting of it's streets. SQUARES
lanes and alleys. public buildings. or
aother municipal purposes, at the rates
Therein prescribed and provided for
Irhen the option hereby given to the
ieity Ito. purchase such water.works
plant and appurtenances shah be
Thereby revoked and annulled, and the
city shall"in such event lose all its
rights In and to such option.
9Th 1t is understood that F. D. M.
1 ATHtN IN af. -