The Cordova daily times., 1916-05-23

time after the expiration of ten years from the date hereof, said Town of Cordoya, being then and there a mu- nicipal corporation, upon giving one years notice to said Cordova Power Company, it's successors or assigns, may purchase said water works sys- tenn, by paying therefor, to the owner or owners thereof, the ap- praised valuation of said water works plant and distributing system, not including this franchise, which in event of purchase by the town shall become null and void. The appraised valuation shall be fixed by majority of a board of appraisers. consisting of three members, of which board the said Town of Cordova shall within thirty days from the date of serving notice of intent to purchase, name and select one member as it's representative or appraiser, and in like manner. the said Cordova Power Company. it's successors or assigns, shall name and select it's representa- tive or appraiser, and the two thus named shall within sixty days there after, name and select third member of said board, and the valuation of said water works plant and distribut- ing system, as fixed by said board, shall constitute the appraised valua- ton hereinbefore mentioned; said ap- praisal or valuation shall be made by said board before the expiration of the required one years notice of intent to purchase.
 In case said town of Cordova. after giving notice of intent to purchase, and after due appraisal of said plant and system, shall fail to complete the purchase of said plant and system within one year from the date of the rendering of the decision of the board of appraisers as to the valuation thereof, the said Town of Cordova shall not again exercise it's option to purchase for a period of five years from the date of said decision and then only after due notice and appraisal as hereinbefOre provided.
 Section 6. In consideration of the rights. privileges and franchise here in conferred upon the said Cordoya Power Company, it's successors and assigns, said Cordoya Power Company agrees, for itself, it's successors and assigns. that it will sell and supply to the inhabitants of the Town of Cor dova, water for domestic purposes at rates per month not to exceed the following:
 The maximum flat rate for one fam ily for water used for domestic pur poses, including one bath. one lava tory. and one toilet, but not including water used for power purposes, shall be two and 50-1OO ($2.5G) dollars per month.
 For use by meter the maximum rate to be charged shall be fifty C5Oc) cents per one thousand gallons, but either by flat rate or meter rate nc single service shall be less than two 1 (S2. .O0) dollars per month.
 In case of the use of meters, the cost of the meter and cost of install ing the same may be taxed to tht consumer, but such meter shall at al times be in the control of the Cordovf
 Power Company. But in case the cos
 is not taxed against the consumer, th'
 company may charge fair monthl!
 rental for the use of said meter, in ad
 dition to the water rental.
 And the said Cordova Power Com
 pany, for itself, its successors am
 assigns, agrees to furnish the Tow of Cordova with water for fire protec
 ton purposes for a monthly rental O not to exceed four and 50-1OO ($4.5O ldollars for each and every hydrant 1T stalled in the Town of Cordova.
 Section '. This grant is mad for a period of fifty (5O) years fror , the date of its acceptance as provide herein, at the expiration of whlc period all rights and privileges herei granted or conferred shall cease an
 terminate; but at the expiration of fiv 2 years from the date of the acceptanc