The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1922-03-07

leasing OF the dams and hydo-elec-
tric power plants at Muscle Shoals
and for the purchase of nitrate
plants. quarry and steam plant:
whereas. The United States
through the chief engineers, United
States army. invited the undersign-
ed to submit an offer for the power
to be developed at the Muscle Shoals
Wilson dam hereinafter referred
to as dam No. p: and
Whereas. the undersigned did,
under dat" OF July s. 1921. submit
to the chief engineers. an offer for
the consideration of the president.
the secretary of war. and congress.
which offer proposed lease based
upon tn" completion OF Dam No. -
and tn" construction of Dam No =
laS dcsignat"d by the L. s. cnyi-
n"ers IN II. K. Doe. 1892. 64th con
cress. LIST session. and hereinafter
refer,n I'd to as Dam 80 - and Of
their power houses. by the United
states. and the pa. .mcnt by the un-
dcrsigned Of a fixed annual rental
therefor, and proposed to purchase
Nitrate Plant No. at Sheffield.
Alabama. Nitrate plant No. = at
Muscle Shoals. Alabama. Waco
Quarry. near RussellvilIe, Alabama.
and the Warrior Steam Plant at
Gorgas. Alabama. and all transmits
sion lines connected with said
plants: and .----, r--
Whereas. the undersigned, at the
invitation OF the secretary of war.
did. on January IL. 1922. submit u
modification Of his former proposal.
baked upon the construction and
completion by a company to be
formed by him. OF all the work re-
ferred to in the offer Of July 8. 1921.
aforesaid. the actual cost OF said
work to be borne by the United
States. and agreed on behalf of said
company to pay four per cent a per
cent OF the total actual cost of com
pleting said plants. structures.
works and improvements as annual
rental for the lease thereof.
Now therefore. in lieu OF said Of
fer OF July 8. 1921. and in accord
ance with said modification OF Jan
uary IL. 1922. the undersigned
hereby submits to the secretary OF
war. and through him for appropri-
ate action by the President and con-
cress. the following OFFER. which
shall become a binding agreement
upon approval OF same by congress
l. For the purpose OF carrying
out the terms Of this agreement. the
undersigned will form corpora
tion Hereinafter referred to as the
company. to be controlled by the
undersigned. which company will
Immediately enter into and execute
all necessary or appropriate instru-
ments OF contract to effectuate this
agreement.
2. The company shall complete
for the United States the construc-
tiOn work on Dam No .. its locks.
power house and all necessary
equipment. all in accordance with
the plans and specifications prepar-
ed. or to be prepared or approved
by the chief of engineers L. s
army. and progressively install the
hydro-electric equipment in said
power house adequate for generat-
ing approximately six hundred thou
sand (6O0.OOD r. p. all the work
aforesaid to he performed as speed.
lily as possible at actual cost and
without profit to the company, IL
being understood that the necessary
lands and fiowage rights. including
lands for railway and terminal con-
nections. have been OF will be ac-
quired by the United States.
3. The company will lease from
the United States Dam No. 2. its
power house. and all OF it's hydro
electric and operating appurte-
nances. except the locks. together
with all lands and buildings owned
or to be acquired by the United
States connected with or adjacent to
either end of the said Dam. for
period OF one hundred t1O0) years
from the date when atrucfuraa ond