Norwich bulletin., 1918-11-05

 to the council at this meeting.
 Copy of Agreement. With their report the committee submitted the following copy of the agreement:
 An Agreement, made this 9th day of June 1917. by and between the Board of Gas and Electrical Commissioners Of the City of Norwich, Connecticut, hereinafter called the City, and H. Y. Mole. located in the City of New York. hereinafter called the ''Engi- neer."
 Witnesseth,
 Whereas the City is at present en- gagged in the electric and gas business.
 Whereas the City is desirous that lLS electric and gas properties should have the supervision by capable en- glneer and by a competent staff; and Whereas the Engineer is capable of fulfilling the above named require ments.
 Now, Therefore, in consideration of the premises, and the mutual cove nants herein set forth, and other val uable considerations, it is agreed by and between the parties hereto as fol- 1 flows:
 First: The Engineer agrees that he Will give the supervision, time and at | proper management and operation Of said properties and at least once a year shall make a complete examina- ton of the properties and submit report as to the physical condition of t~tae properties and make such general recommends tions as he may deem ad- vlsable. He shall also render such as- Slstance of an advisory nature as the l Board of Gas and Electrical Commits sloners may from. time to time require | Second: The City agrees that, in or l der to further aid the Engineer m the supervision of said properties, the En- gineer shall be known as the Consult ing Engineer and. that subject to the Board of Gas and Electrical Commits l sJoners, he shall have supervision of the tangible property, not including money or securities, and shall have access to all records and books con trolled or used by the department. It IS understood that all books shalH be | kept upon such system as may be gen erally approved and followed by Pub lie Utility Companies
 l The Engineer shall however, have no power to bind the City by any contract or other obligation or to make 9ny change in the City's properties or methods of operation or of doing bus iness. without the approval of the Board of Gas and Electrical Commis- sioners.
 Third: This agreement shall com mence May 1st. 1917. and shall extend 1 for period of three years.
 Fourth: The City agrees to pay the Engineer monthly as a fee for the ser vice rendered by him. his assistants and staff. hereunder, sum equal to ten per cent. 10 per cent) of the ap- parent monthly surplus of the Gas and | Electrical Department
 l Surplus" for the purpose of com putting said ten (10) per cent. shall be considered as the gross receipts from operation and merchandise less oper- atlng expenses, cost of merchandise and interest charges. Operating ex. pense shall in no event include the cost of new construction or Of depre- citation, but it shall include such nalntenance as may be necessary to keep the plant up to a good and effec- tive physical standard. If, at the ex- | plra1on of any fiscal year of the de- partment. or fraction of fiscal year during which this contract shall be in force, it shall be found upon closing the books that the aggregate of the monthly payments made as herein provided is greater or less than ten Q0) per cent. of the said surplus for the said fiscal year or fraction there of computed as provided herein. 6 cash adjustment shall be made between the City and the Engineer so that the to- tai fee received by the Engineer dur Eng said fiscal year or fraction there of up to date of said adjusted account shall be equal to ten (t0) per cent. oi the said surplus of said fiscal year Of fraction thereof.
 The following statement of opera ton Of the combined Gas and Electric property is herewith given for the twelve months ending February 2Sth 1917, and is calculated from the re- port of H. E. Mole, dated April 17th Il 1917, to the Mayor of Norwich, for the purpose of illustrating the method ot calculating teh operating fee anG showing the amount the fee would have been for that twelve months pe- lriod:
 12 Months Endine Feb. 2S. 1911