The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1912-12-27


ches, dams, reservoirs, embankments
pipes, conduits, mains, laterals, val
yes, and any and all other real es-
tate and personal property pertain
ing to or constituting part of said
system: under such terms and condi-
lions and limitations as have been
agreed upon between said Water
Company and said Village and which
are fully hereinafter expressed in
this deed and this conveyance is
made for the purpose of enabling
said Village to hold, maintain and
operate said system of water works
forever, for the purpose of furnishing
and supplying said Village and the
inhabitants thereof, and that other
part of said Town of Bennington at
present furnished and supplied by
said system. and such other parts of
said town as said village may from
time to time determine. with water
for domestic, fire and all other uses
and purposes not in consistent with
the charter of this Company.
This deed is made and executed by
the said Bennington Water Company
and accepted by the said village of
bennington uron the following eX-
pressed terms conditions and iimitat
ions, that is to say:
the Village Of Bennington or It's
successors shall never sell, ALLEVIATE,
mortgate, or % It's acts in anywise
encrnber said system of wafer
works or permit any liens or cnoum-
berances to remain thereon.
The said vi iage of Bennington
shall furnish to all persons who de-
sire II when AID where proper con-
Eections are maue with the mains or
pipes that now exist or that may
hereafter be by it added 20 said sys-
TEN, and upon compliance by said
persons with such reasonable bylaws
rules and regulations as may he
adopted by said village for the proper
management and ope atom OF said
eys TEN of water works, water Tor all
household purposes, not inc udin2
lawns, fountains, outbuidlngs or
me,eIed water at oEe h~lf the rate
now charged by said Bennington
,ater company for like services. and
for all other purposes and Uses, in.
Guiding all metered water. IL shall
charge the same rates as are now
charged by said Bennington Water
Company for like sLrrlCe, a scrcGule
OF which except as - charges for
water for special purposes. is hereto
attached and made a part hereof.
Tit Village shall pay for all waters
hereafter used by it from SAID system
for any purpose at tJe same rates
now paid by ii for water taken ilOm
salu system; such sun to be pad in
to The Village Treasury ana to be
held as part of the sToss income of
SAID water works.
II to reach any person the Village
is required to eXpend any excessive
amount by reason of distance or for
other causes the Village may charge
temporarily rate in excess OF the
above and such as is reasonable I'M
der the circumstances of each case.
If and whenever the net income re-
ceiyed from the water works shall
have so increased that the rates
charged for water used for other
than household purposes can be les
sened without injury to the growth
and efficiency of the Hospital herein
provided for the Village of its
Board of Water COMMISSIONERS may
reduce said class of rates so much as
is expedient but not so much as in
any way to injure or retard the
growth and efficiency of the Hospital
herein provided for the Village or
its Board Of Water Commissioners
may reduce said class of rates so
much as is expedient, but not so
much as in any way TO injure or re-
tard the growth and efficiency of the
HOSPITAL and no event shall they be
reduced to less than one half The
rates now charged by said Benning-
ton Water Company for like service
The said Village of Bennington by
its proper officers, shall annually on
the first day of August from the
gross income Of said system of water
works, set aside fifteen hundred
(Sl500) dollars, which said annual
sums together with interest accruing
thereon shall constitute a RENEW
Al FUND TO be used by said Village
for renewing said system of water
works from time to time when neces-
sary, or any part thereof: for in
creasing tie capacity of its reser-
voirs and storage, and for acquiring
other springs or streams of water
along the lines of pipe as now laid,
as may be required from time to
time. Said RENEWAL FUND, or so
much thereof as may remain unex-
pended for the purposes in this para
graph stated, shall az all times be
kept invested in such class of securi-
ties as by law are legal investments
for savings banks in this State. or
may be deposited in interest bearing
deposits in any bank of known sol.
vency i'm this State and whenever
said lunc thus created snail have
reached a total of Seventy Five
Thousand (S75.000) Dollars. then the
interest thereof and said Fifteen
Hundred Isl, $50 Dollars shall each
year be paid over to the Henry w.
Putnam Memorial Hospital anu be
appropriated and used as hereinafter
provided for the use of the Net In
come. except when the same may
from time to time be required to
maintain said Fund of Seventy Five
Thousand (Si5.00O) Dollars.
Said Village OF Bennington NAY
from time TO time as the necessity
ana convenience of the public re-
quire use from the gross income of
said system Of water works a sum
not exceeding ia any one year Five
Hundred tS500) Dollars for making
extensions for its pipes and new ser.
vices connections Herewith.
The grosg irco,na fr,r,, cofs .,-.,,,,.
OF water works shall, from time to
nn'e as collected be paid into the
said Village Treasury. and the same