Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-12

date of Jan. Goth, 1910 and when the
next addition was put up a new lease
was drawn dated July 10Th, 1910,
which was later modified when the
last addition was put up on April 1,
1918. The later lease expired on
| July 10, 1920. At that time the Car
diner Board of Trade consented to
continue that lease until such a
time as other terms were agreed
upon.
Now as regards taxation would
state that these leases contained the
following provision:
said lessor on its part covenants
and egrees that so long as this
lease or any renewal thereof, con-
, tinues. and SO long as said leasee or
! its successors and assigns continue
to occupy said factory, as above set
forth, it will save harmless said
lessee and its successors and assigns
from or on account of any taxes or
assessments levied upon it in the
State Of Maine, and will reimburse
said lessee, it's successors or assigns,
for any sums which it is obliged to
/ pay for any taxes or assessments
which may be assessed upon it the
I said lessee or its successors or as
signs, by the City of Gardiner coun-
ty of kennebec or State of Maine,
except a yearly franchise tax of
$500. payable to the State of Maine)
! 1t therefore is evident that the K.
| L. Hazard Co, does not have and
never did have, any direct interest
as to whether the city of Gardiner,
county of Kennebec or State of
Maine rebated any or all of its taxes
as the Board of Trade is holden for
any taxes assessed on any property
owned by the K. p. Hazard Co, by
the city, county or State. Therefore
any arrangement in regard to taxes
was purely a matter of arrange
ment between the city of Gardiner
and the Gardiner Board of Trade.
In face of this arrangement the city
OF Gardiner from time to time have
! assessed us on warehouses, etc. the
sum of $1O39.S0, which amount we
have the legal right to collect from
| the Gardiner Board of Trade The
! balance of the taxes assessed were
! In addition to the valuation as
| assessed by the city officials for
specific purposes, the larger part of
which is the building of the present
High school. and a special under
standing was arrived at with the
Board of Trade that the company
would waive any liability of the
Board of Trade on account of thee
particular assessments. These assess
ments for the High school were in
addition to the subscriptions made
by the different members of the r.
Hazard Co, individually.
We reached the conclusion when
the last lease was given April 1st
l9l5. that the factories should paw at
least certain proportion of their
, due share of taxes and advised the
Board of Trade that we would make
such an agreement providing the
same arrangement was made with
the Commonwealth Shoe a. Leather
VINO were operating that factory as
tenants at will" and the Common
| wealth refused to do this. Therefore
the Board of Trade naturally had to
concede us the same conditions as
Commonwealth S. & l.. Co. and lease
was drawn accordingly
AS regards the rent, would state
that the r +. Hazard Co agrees TO
pay rent to the amount of $3.50 a
year under the terms of the lease of
July 18th, 1910, and under the lease of
April list. 1913. agreed to an addition
al rental of $500 per annum There
Tore since that date We have paid the
Board OF Trade a rental of $3.50 per
year. There has been an offset to this
as the r. +. Hazard Co. loaned tho
Board of Trade $4,000 for which they
hold the Gardiner Board of Trades
note. and the interest on this note is
equal 10 the amount charged for rent
therefore the only gratuity that this
company has received in the way of
rent is the original investment of
SIS, 1880 against which has been paid
out payroll of nearly seven million
dollars. In addition we agreed to
ana have taken care of, all repairs
and of late years, ali improvements
ana the only expense that the build
: ing has been to the Gardiner Board of
Trade is what they have paid for in
Surance
Yours very truly.
r. p. HAZARD.
Sept 10th. 1921.
Gardiner Board of Trade, Gardiner
| Maine.
MISUNDERSTANDING the propo
sition which we made to YOU TODAY
! would say that while our lease with
the Goardiner Board of Trade is such
that tyou agree to hold US harmless
and reimburse US for any taxes that
may be assessed against us by the cttv
county or State SO long as we occupy
this factory that we still are of the
same opinion as we were in July
1913, that it is proper that we should
pay our fair share of taxes and now
that the Commonwealth s. & L. Co
have agreed to Join with US in this
contention we are perfectly willing
to continue to occupy this plant as
tenants at will" under the present
leases. modified by an agreement that
VIC Will cancel that part of the leases
which refers to taxation.
Yours very truly.
r. P. HAZARD co.