Norwich bulletin., 1912-02-16
MASON PROPERTY PURCHASED
Action Taken Following the Approval of the Contract
With Thermos Bottle Company-What is Stipulated in
Contract-Boundaries of the Property.

For the purpose of hearing the con-
trace nades by the local committee
with the American Thermos Bottle
company in relation to locating their
plant in this city, there was meeting
of. the full board of directors of the
Norwich Industrial Improvement COM
pany at the Thames National bank at
10 O'Clock THURSDAY. President Cary
presiding. The contract was read and
approved. 1t was voted to have the
contract published for the information
of all.
Treasurer G. L. Hewitt was author
lied to draw check for $3.50 for the
purchase of the Mason property, and a
committee consisting Of ]. j. Desmond,
G.. L. Hewitt and A. L. Brown was
named to arrange for the transfer of
the property.
There were read financial statements
concerning the Thermos company
which proved satisfactory to the diTec-
tors, it being shown among other
things that the sales of the company
last year exceeded 100000 and the ad
vertising last year was in excess of
s76. 600. At that rate it would take five
years for the company to acquire the
title to the property, but by the con-
tract it will not be until after ten
years that the property is fully vested
in the company. It was desired that
the property revert to the Industrial
company should the Thermos company
at any time abandon the property, but
they would not sign such a contract,
and it was the modification on this
point which had to be made.
1t was reported by Treasurer Hewitt
that over $4,000 had been paid in on
the pledges
The Contract.
The contract which was approved
follows
The following is the agreement
made and entered into on Feb. IA,
1912, by and between The Norwich In
dustrial Improvement corporation, a
legal corporation located at Norwich,
Conn, party Of the first part, and the
American Thermos Bottle company, a
legal corporation under the laws of the
state Of Maine, having its home office
at Portland, Me-, and it's principal bus
! mess office in the city OF New York,
party Of the second part, to wit:
! The party of the second part shall
erect a semi freproof factory build
1 ing on the so-called Mason land stu
ated on the eaSterly side of the
/ Thames river, in the town of Norwich,
Conn. and now owned by Herbert G.
/ Williamson, and equip the same with a
! proper sprinkler and steam heating
/ system as soon as practicable after the
| party of the rrst part shall acquire
I said land; and the necessary funds for
/ said erection and equipment shall be
! supplied by the party Of the first part,
] but shall In no case exceed sixty thou
Z sand (s60.00O) dollars.
The party Of tho second part agrees
To in qaid H1Yi1 &c
! chinery and equipment for the manu-
/ facture of the articles it is now en-
/ gagged in producing, and such other
articles as in the future they may
/ wish to manufacture; to begin to in
/ stall it's machinery and manufactur-
! ing equipment in said building within
/ thirty 600 days after the completion
/ of said building, and to complete the
! transfer of all of its manufacturing
\ machinery and equipment to said
| building within twelve Q2) months
| after the completion of said building;
from the date of the completion of
said building the party of the second
part shall have the right to occupy
I the same under the terms of this con-
tract: and said party of the second
part shall pay all taxes and municipal
assessor ents levied upon said seven CD
acres of land hereinafter referred to
Immediately surrounding said build
ing, and upon the buildings thereon
from the dlte of the completion OF
said factory building; the party of the
/ second part shall also pay all premi
ums for adequate fire insurance, as
determined by the party of the first
part, covering said factory buildings
and also other buildings now standing
on said seven CD acre tract, during
the life Of this contract, and shall also
at its own expense during said period
keep said buildings, sprinkler and
steam heating system IN good order
( and condition; and said buildings
shall belong to said party Of the first
part so long as the land on which they
stand remains the property OF saio
party Of the first part.
As soon as the party of the second
part shall have paid out, through q
bank or banks of said Norwich, the
total sum Of three hundred and seven
ty-five thousand ($375,000) dollars
for labor employed in said town Of
Norwich by said party of the SECOND
part exclusive of salaries of officers
and directors, and also the further
sum Of three hundred and seventy
FIVE thousand ($375,O00) dollars
| through said bank or banks, for ad-
vertising in the leading magazine:
and newspapers OF the c0untry-lr
which advertising the city of Norwich
Conn is mentioned-the party Of tht
first part shall execute and deliver K
the party Of the second part a valit
deed granting and conveying to sale
rarty of the second part in fee, anC
free from incumbrance. except as here
matter provided, the title to so muci
of the said seven ID acres of land
hereinafter referred to, as shall no
have been previously decided to sal,
party of the second part, with saiC
building and the Improvements thel
) thereon. subject. however, to the con
/ dition and reservation that if at an!
| time within ten (10) years after tn
date of the completion of said factor,
building. the party of the second par
shall abandon said building, or ceas
using said building as its factory 10
a period of six Co or more consecu
tive months, or be adjudged bank
rupt. or be placed in the hands of
receiver, then the title to said sever
Cd acres of land, or such remainde
thereof, and said buildings shall re
vert absolutely in the party OF tn
first part; provided, however, tina
this provision shall not apply to an,
INTERRUPTION or suspension of opera
IlOlS ny IHe Pal ~ u INC 80
directly caused by and resulting from
labor strikes, fire or other unavoid
able casualty.
Said seven 90 acres shall be tn
seven acres of said Mason land whic.
said party of the second part sha.
select at once; but the party of tn
second part agrees, in making its Sc
lection of said seven acres, to exclud
therefrom a tract Of land frontin
two hundred (200) feet on land c
the Norwich and Worcester Railroa
company and extending easterly fror
said railroad company land to Laurt
Hill avenue, with a uniform width {
two hundred (200) feet.
4 In providing for the construction {
said building it is agreed by the part
Of the second part that the adoptio
Of all plans and specifications, the let