The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1915-05-21

use uueSS guaranteed revenue or
$3.50 per year for every 100 feet of
main so extended be- obtained. No ex-
tension Of mains shall be required of
company for fire protection to said
town more than 400 feet for each fire
plug.
3. 1t is further agreed herein that
the citizens of Milton shall furnish to
said company a suitable ground site,
approximately fifty 500 feet by one
hundred and fifty 15O) feet located
as nearly as possible in the center OF
said town. or where water supply may
De found. which said site shall be
deecedz to said Light, Heat & Power
Company and shall be used for locat-
ing the water and the electric plants
OF SAID company thereon. Said Town
OF Milton further agrees to assist said
Light, Heat & Power Company in OBJ
tanning fifty 500 or more water con-
sumers and fifty 500 or more electric
consumers as minimum number Of
private users. in order to warrant the
investment of necessary capital to in
stall the proposed plant and equip
ment. 1t is further agreed by the said
Town of Milton to furnish sites for
drilling necessary test wells to locate
and obtain ample water supply of at
least $4,000 gallons per "a hours
Such test wells not to exceed four a.
in number, and it is further agreed
that if 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 sup
plying water to the said Town Of Mil
ton and the Inhabitants thereof. Pro-
vided further that this will in no way
effect the electric lighting contract
10. 1t is further agreed that said
Light, Heat & Power Company shall
have the right to inaugurate any and
all rules which it may deem necessary
for the regulation Of water and eleo-
trio service. Further agreed that said
Light, Heat & Power Company shall
tap all water lines and mains and run
all service to property line owners
consumers shall pay said company for
running service from property line to
such place as desired: said Light.
Heat & Power Company shall run all
electric service from pole lines in
street to consumers premises and
shall furnish and install meters. con-
sumner shall pay for all inside wiring.
fixtures and otherwise.
IL. Said water supply shall be fur
nished by said company at sixty 900
pound pressure to the Town of Milton
for fire protection and thirty 900
pound pressure for the inhabitants
thereof within or near TO the corpor-
ate limits of said town.
II. Said Light, Heat & Power Com
pany, its successors or assigns, shall
have the right to remove any and all
its poles, wires. pipes, pipe lines, ap-
paratus. equipment and structures at
any time after the expiration of this
contract.
10. 1t is further agreed herein by
said Light, Heat & Power Company
that it will complete said electric
plant for rendering service to said
Town of Milton within ninety 900
days from the date of the
signing and execution of this contract.
and completing the installation and
operation of said water plant on or
before July LIST, 1916.
IA. Further agreed that said Town
of Milton shall have the right and
option Of purchasing both water and
electric properties at any time during
the life of this contract by said Town
of Milton. giving to said company one
% years written notice. The pur-
chase OF the property can be made by
cash, bond or through the lease plan
with monthly payments on principal
deferred payments bearing six per
cent $50 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 extern
sion term of years granted to said
company. the Town of Milton agrees
to continue the purchase of electric
current for operating water works
and electric service for the Town of
Milton and inhabitants thereof at a
rate of not to exceed four cents (4c)
per K. w. hour.
IS In case said Town Of Milton
should decide to purchase and oper-
ate 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
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 & Pow
ar Company agrees to take at par, or
through lease with monthly payment.
all deferred payments to bear interest
AT the rate Of six per cent (Sec) from
late of sale until paid. In the event
said Town of Milton should purchase
said water works plant, said company
agrees to hold and operate said cleo
,ric plant during the life Of this con-
tract or any extended period thereof
Dr. until such time as said Town should
desire to purchase such electric plant
1s. Further agreed herein that in
the event said Light. Heat & Power
Company should fail to carry out the
terms Of this contract, then it is
agreed that said contract shall be
deemed forfeited and said Light,
Heat & Power Company shall have no
rights or privileges hereunder. except
hat said Light, Heat & Power Com
pany would have the right to remove
It's property as in said contract pro-
viGed.
Each of the parties hereto. their sue
cessors or assigns. are bound by all
the covenants and stipulation herein