The chronicle-star. (Pascagoula, Miss.) 1920-1941, 1921-01-07
RESOLUTION.

Whereas, the Council has negotiated
Q contract with e. J. Ford for the pur-
chase Of and from the said E. J. Ford by
the City of the water mains, wires and
other equipment now forming In part
the water works and an electric light
plant now being used in the furnish
ing Of water and lights to the inhabit-
on file with the City Clerk subject to
public inspection, and which is in
words and figures as follows to-wit:
This contract entered into. on this
the 22nd day Of December, A. d. 1920,
by and between the City Of Pascagoula,
municipal corporation, hereinafter
called the City, and E. J. Ford, of
Pascagoula, Mississippi, hereinafter
called the Seller, Witnesseth:
"a Subject to the approval Of this
contract by majority Of the quail
filed electors voting theron at an
election to be held in the City OF Pas
cagoula on a date to be fixed by
proper order of the City, it is here
and now agreed that the City does
hereby agree to purchase of and from
the Seller and the Seller does hereby
agree to sell and deliver unto
the City, at and for the sum of $780,
1888, and the keeping Of the other
terms of this contract, all the title and
interest of the Seller in and to he fol.
lowing described properly situated in
the City of Pascagoula, Jackson
County, State of Mississippi, to-wit:
(a) All and singular the water
works system in the City of Pasca-
goula. formerly belonging to the Pas
cagoula Street Railway & Power Com.
pany, including the stand-pipe and lots
on which it is situated, pump house
and machinery therin, all MAINS ex-
fire hydrants, pipes, and two Worthing-
ton fire pumps and connections going
Herewith, said pumps being situated
at the power house now occupied by
the PascagOula Ice Company.
10 All and singular the electric
light system in the City OF Pascagoula,
formerly belonging to the Pascagoula
Street Railway & Power Company, in
Guiding poles, wires, street light fix
lures, transformers, brackets, meters,
one constant current transformer and
two switch board panels, the three last
named articles being situated at the
power house now occupied by the
Pascagoula Ice Company, but not in
Guiding the three large transformers,
the A. c. Generating Unit, the u. c.
Generating Unit, a Rotary Converter
and switch board connections, said
last named articles being excepted
from this conveyance.
(c) All and singular the trolley poles
and guy wires now standing in the cor
porate limits of the City of Pascagoula
and formerly used in connection with
the Pascagoula Street Railway & Power
Company.
(d) The franchise granted by the
City of Scranton to l.. S. Anderson and
later assigned by him or his assigns
to the Pascagoula Street Railway &
Power Company.
(e) The franchise granted by the
Town OF South Pascagoula to L. S.
Anderson and by him or his assigns
assigned to the Pascagoula Street Rail-
way & Power Company, said franchise
conveying the right to operate street
railway and electric light and water
works system in the City of Scranton
and the town Of South Pascagoula.
All Of the above described property
having been purchased by the seller
from Geo. p. Money, Special Com
missioner appointed in the cause of
Columbia Finance &. Turst Company
vs.. Pascagoula Street Railway &
Power Company.
(2) AS a part of the consideration,
the City agrees to pay and discharge
all the State, County and municipal
taxes due and owing on the above de-
scribed property for the fiscal year
1920
go 1t is understood that prior to the
3rd day of April, 1920, that the Seller
expended approximately the sum of
100000 in lowering the watermains
of said water works system so as to
permit paving, and that after the Bird
day of April, 1920, the City completed
the lowering of said mains and paid
therefor. AS to all expenditures by the
City for lowering the water-mains
after the Bird day of April, 1920, the
City as part of the consideration of
this conveyance, agrees to assume,
pay and discharge all such costs, but
not including the expenditures made
by the Seller prior to said date.
"a The purchase price together
with six per cent interest thereon
from now until the date of payment
shall be paid in cash, within thirty
days after the approval of this con-
tract by majority of the qualified
electors voting at an election to be
called by the City, provided that the
time of payment may be extended by
mutual agreement of the parties.
90 1t is understood that on the
Bird day of April, 1920, contract for
the purchase Of the above described
property was entered into between
these parties, and later extended by
the Seller. This contract now made,
while in effect and substance the
same as that heretofore made, shall
supersede said former contract and