The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1915-07-21

use unless q guaranteed revenue OF
$3.50 per year for every 100 feet OF
main SO extended be obtained. No
extension of mains shall be required
OF the company for fire protection to
said town more than 400 feet for each
fire plug.
5.-It is further agreed herein that
the citizens OF Milton shall furnish to
said company suitable ground site,
approximately fifty 500 feet by one
hundred and fifty (150) feet located
as nearly as possible in the center
of said town, or where water supply
may be found, which said site shall
be decided to said Light. Heat &
Power company and shall be used for
locating the water plant of said COM
pany thereon. Said town of Milton
further agrees to assist said Light,
Heat & Power company in obtaining
fifty (50) or more water consumers
1t is further agreed by the said town
of Milton to furnish sites for drilling
necessary test wells to locate and OBJ
tain ample water supply Of at least
$4,000 gallons per "a hours Such
test wells not to exceed four "a in
number and approximately 200 feet in
depth. more or less. IL required to
secure sufficient water, and it is fur
Their agreed that il ample and pure
water supply cannot be obtained, said
Light, Heat & Power company shall
not be held liable for the carrying out
of the terms of this contract relative
to supplying water to the said town
of Milton and the Inhabitants thereof.
cit is further agreed that said
Light, Heat & Power company shall
have the right to inaugurate any and
all rules which it may deem neces-
sary for the regulation of water SER
vice. Further agreed that said Light,
Heat & Power company shall tap all
water lines and mains. and run all
service to property line owners, con-
sumner shall pay said company for run
ming service from property line to
such place as desired.
7-Said water supply shall be fur
nished by said company at sixty 600
pound pressure to the town OF Milton
for fire protection and thirty 600
pound pressure for the inhabitants
thereof within or near to the corpora
ton limits of said town.
s.-Said Light, Heat & Power COM
pany, its successors or assigns, shall
have the right to remove any and all
its pipes. pipe lines, apparatus. equip
ment and structures at any time after
the expiration of this contract
K, Sit is further agreed herein by
said Light, Heat & Power company
that it will complete the installation
and operation of said water plant on
or before July 1st, 1916.
-GAL THREE-ORDiNAN -.
10.-Further agreed that said town
of Milton shall have the right and
option of purchasing water properties
at any time during the life of this
contract by said town of Milton, CIV
ing to said company thirty 800 days
written notice. The purchase of the
property can be made by cash, bond
or through the lease plan with month
ly payments on principal, deferred
payments bearing six per cent (6To)
interest per annum from date Of sale
until paid. In case of purchase of
said property by said town of Milton
during the life of this franchise or
contract or any extension term Of
years granted to said company, the
town of Milton agrees to continue the
ting water works for the town of Mil
ton and inhabitants thereof at a rate
of not to exceed four cents (4c) per
X. w. hour.
lin case said town of Milton
should decide to purchase and operate
one of said plants until such time as
said town can provide sufficient funds
with which to purchase both of said
plants, then it is agreed that said
town of Milton may purchase, upon
completion or at any time during the
life of this contract, the water works
plant; said purchase may be made by
bond, which said Light. Heat &
Power company agrees to take at par,
or through lease with monthly pay
ment, all deferred payments to bear
interest at the rate of six per cent
(6%) from date of sale until paid
In the event said town of Milton
should purchase said water works
plant, said company agrees to hold