Newark post. (Newark, Del.) 1910-1969, 1911-02-15
THE LEASE
CONTINUED from page 81


Said Council of Newark hereby agrees
that if it becomes necessary or is
deemed advisable to change the !oca-
ton of any mains or condults that SAID
Council of Newark shall pay all ex-
pense in making such change of loca-
ton.
The said Company shall at IFS own
cost and expense keep the buildings,
machinery and other property OF the
Council of Newark hereby assigned,
and which shall be constructed by SAID
Company under this contract, OF the
character usually insured by water
and electric light plants, insured to
the extent that such properly is usual
ly insured (but not less than the total
insurance now carried by the Council
OF Newark on said property. and said
Company shall expend all sums re-
ceived by it under any such policies
of insurance upon the repair, replace
ment, or reconstruction OF the SAID
buildings, machinery, and other prop
ertv damaged or destroyed and insured
as aforesaid.
Upon the termination OF this con-
tract. either on the First day oil jan
uary, 1921, or on December 81, 1881,
the Council OF Newark shall have the
option to purchase all the coal, oil and
gasoline then on hand by said Com
pany at the then market price, or to
have the said Company, its successors
or assigns, remove the same at its own
cost and expense as sc on as conven-
iently can be done.
Clause 1.-The said Company, its
successors and assigns, shall erect
poles and string wires and extend the
pipes and mains for the distribution
OF electricity and water on such high
ways, streets, avenues, alleys, ways
and public places as may be necessary
to meet the demand for electricity and
water. provided that a contract or
contracts for at least year shall be
first entered into with said Company,
whereby said Company shall be guar
anteed gross income, for the .lrst
year, amounting to at least fifteen per
cent. upon the cost OF such extension
or improvement.
The intention OF this agreement is
that all changes, extensions, improve
mentS, removals, and alterations IN
said " alter Works and Electric Light
Plant, OF the poles and wires, and in
the mains, pipes, and appurtenances
thereto, and in the property needed
to meet the demands 10. electricity
and water, as herein provided, sh, Il be
made in such way and manner as shall
maintain said water works and eiec-
trio light plant in flrst-class cCndi-
ton.
Clause Sit is hereby agreed that
the Council OF Newark shan pay said
Company, its successors and assigns,
for fire protection and street lighting,
as follows:
Said Company shall maintain fire
plugs at the rae OF tWenty-one dol
lars each per annum. Additional lire
plugs may be put in, rom time to
time. at the request OF Council, and al
the expense OF said Company, and such
y additional plugs, shall be furnished il
accordance with the specifications Of
I Council. The Company shall main
tain an average OF one hundred and
thirty thousand gallons OF water in
the stand-pipe.
Ii the Council should at any time
desire to use water ior the purpose OF
street sprinkling or street cleaning
the said Company agrees to furnish
same at the rate OF five 50 cents pei
thousand gallons: provided, however
the Council OF Newark will pay the
cost and expense OF the meters and
the connections to the street mains
necessary for the furnishing and mea-