The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1922-03-07
FORD'S PROPOSAL AS
TO MUSCLE SHOALS
Continued From Page oue.a

mower are constructed aud Installed
and ready for service. aud will pay
to the United States as annual rem
tai therefor. four pee cent q per
cent? OF the actual cost OF acquiring
lands aud aowage rights. and OF
completing the locks, dam and
mower house facilities Cbut not in
Guiding expenditures and obliga-
tons incurred prior to approval OF
tais proposal by congress). payable
ANNUALLY at the end OF each lease
year. except that during and for the
hcst six CO. years Of the lease Pc
riod. the rentals shall be in the fol-
lowing amounts and payable at the
following times. to wit: Two hun
dred Thousand dollars ($s00.OOO)
Que uD year from the date when
"ne hundred thousand (10O.00O)
horse power is installed aud ready
for service. aud thereafter two hun
dred thousand dollars ($2OO.O0O
sanaatty at the end Of each year for
five (5) years.
a. The company will further pay
to the United States during the Pc
rod OF the rlease OF Dam No 2
thtrty-fve thousand dollars ($35.-
000 annually. in installments
quarterly in advance. FOR repairs,
maintenance. and operation Of Dam
Nc. =. its gates and locks: it being
understood that all necessary re-
VO
thereof shall be under the direction
CAGE and responsibility of the United
states during the said one hundred
(100) year lease period; and the
company. at it's own expense. will
make all necessary renewals and re-
pairs incident to efficient mainte-
nsnce OF the power house. substruc-
lures. superstructures, machinery
aud appliances appurtenant to said
power house. and will maintain the
same in efficient operating ,condi-
tion.
s, At all times during the period
OF the lease OF Dam No. z the COM
peny will furnish to- the United
States. free OF charge. to be deliver
ed at any point on the lock grounds
designated by the chief engineers.
U s. army. electric power to an
amount necessary for the operation
OF the locks. but not IN excess Of two
hundred (20O) horse power.
9. AS soon Is the release Of suit
able construction equipment and la
boz forces at Dam 70. will permit.
or at an earlie5x \e if desired by
the company, u pany shall CON
struet and ct 6Mplete pr the United
States. Dam No. 3. its, lock. power
house. and ali necessary equipment,
all in accordance with plans and spe-
cifications prepared and to be pre-
pared by the chief engineers. u S.
army. or by the company. at its op-
zion. and approved by the chief Of
U. S. army. and progress
siveiy install the hydro-eiectric
equipment In said power house ade-
auate for generating approximately !
two hundred ffty thousand (250.-
|000) horse power. all the work |
aforesaid to be performed as speedi- !
,iy a. possible at actual cost and |
~tthQI> Tfofit to the company. 1t De-
ing understood that the necessary
lands, fowage rights and rights-of-
way shall be acquired by the United
States
7. The company will lease from
z
power house, and all of it's hydro
electric and operating appurte-
nances. except the lock. 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 (100) years
from the date when structures and
equipment of a capacity OF eighty
thousand (s0.000) horse power are
constructed and installed and reaay
for service. and will pay to the Unit
ed States a. annual rental therefor,
four per cent a per cent) OF the
actual cost OF constructing the lock.
dam and power house facilities.
payable annually ct tho end OF each
lease year. except that during and
for the nrst three (3) years Of the
lease period the rentals shall be IN
the following amounts and payable
at the following times. to wit: One
hundred sixty thousand dollars
(y1s0.O00) one (1) year from the
date when eighty thousand (80,0OO
horse power Is installed and ready