The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1918-08-08

lighting Plant of the Village of Prince
Light Company and Fixing the Terms
and Conditions of Such Sale Including
Lease Of 9 Part of Its Property.
Be it ordained by the Village Council Of the
Village of Princeton, Minnesota, as follows
Section 1. That the Village of Princeton
& Light Company the municipal electric slight
ing plant, now owned and operated by and in
the Village Of Princeton, exclusive of real
estate, consisting in principal of two direct
connected generator units, feeders and bus bar
connections attached thereto, with switch board
panels and appurtenances. boilers. power feed
pumps. water heater, and all other appliances
and appurtenances connected Herewith, for
furnishing steam for the two engine generator
units referred to above, together with all
with, also the complete electric distribution
system, including all poles, cross-arms, hard
ware, insulators, conductors, wires, anchorages,
street lighting fixtures, lamps. lightning ar
restors, and all other appliances, fixtures and
appurtenances attached thereto, all recording
watthour meters now owned by the Village
of Princeton and in use, all service connections,
and any and all fixtures. appliances and ap-
purtenances now connected with or used in
the manufacture and distribution of electrical
energy. and all tools and equipment now in USE
including the free and unrestricted use of
that part of the power plant building of the
Village OF Princeton that is now used for the
ergy, including the coal sheds connected with
said power plant and the grounds over which
the power house and coal sheds may be reached
for and during the life of the franchise to be
granted by the Village of Princeton to Elk
River Power & Light Company for a period Of
twenty-five years to maintain and operate said
electric plant and electric property and furnish
electrical energy to any and all parts of the
Village of Princeton; all of said property to
be 50 sold and leased ITO Elk River Power &
and Five Hundred Dollars ($12.50O) to be paid
on or before August 31st, 1918, and the fur
Their sum of Twenty Dollars $4,000 per
month for and during the full twenty-five
year term of said franchise, commencing Aug
ust 3lst, 1913. and upon the execution and de-
lage Of Princeton to Elk River Power & Light
Company.
Section 2. And the President and Recorder
of the Village of Princeton be and they
hereby authorized and directed to execute and
deliver to Elk River Power & Light Company
lease Of all said property in accordance with
Section ! hereof upon receipt of said sum of
Twelve Thousand Five Hundred Dollars
($12,500l all of said property to be thereupon
delivered to Elk River Power & Light Company
in as good condition as the same is now in,
ordinary wear and tear excepted.
Section 8. This ordinance shall be in force
from and after its passage and publication, and
after the approval thereof by the electors
of the Village of Princeton at an election to
be held in accordance with Chapter 172 of
the Laws of Minnesota for the year 1917. @ 4
Approved August 18th, 1918. "a
H. "A. HUMPHREY,
President of Village Council Village of
Princeton, Mile Laos County, State
of Minnesota. 5$ .s ~
Attest: II. M AVERY.
Village Recorder. $
,'Ns 4 : = y b .