The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1922-06-03

obtain permission OF the Company to
lay and construct said switch or spur
track over and across the property OF
the company as aforesaid, and there
after to maintain, and deliver cars
over said track,
Now, therefore, on the terms and
conditions herein stated, it is agreed
by and between the parties as follows,
to-wit:
/. The Company agrees that the
Municipality may lay or construct, Or
procure or cause to be laid Or con-
structed. switch or spur track run
ming over and across the property of
the company, as aforesaid, provided
however, that the said track shall be
so laid, constructed and maintained as
that the west rail thereof shall not at
any time be within forty (40) feet of
any part of the seed house of the Com
pany, nor within sixty (60) feet of the
cotton house of the Company, being
the seed house and cotton house, re-
spectively, now located on the prop
erty of the Company at Rosedale, Mis-
sissippi.
The Municipality shall, at it's own
cost and expense, maintain the track
to be laid and constructed as afore-
said:
2. The Municipality may switch,
or cause or procure to be switched,
over the track aforesaid, carloads Of
coal, or other fuel, or freight, for the
use of the Municipality.
8. The Company shall have the
right to use said track for the deliv-
cry to it, or shipment by it, of freight,
provided that such use shall not un-
necessarily or unreasonably interfere
with the right of the Municipality to
use said track.
4. In consideration of the premises,
the Municipality agrees that the land,
ment and real estate now, Or at any
time within ten 10) years next after
the date of this agreement, owned by
the Company, and situated in the town
of Rosedale, in Bolivar County, Missis
sippi, shall not at any time. during the
said period of ten (10) years, be as
sessed for purposes of taxation, by OF
| for the benefit of the Municipality, al
such sum in the aggregate as that
the taxes collectible by or for the Mu
nicipality shall exceed the sum of five
hundred dollars (S500) ad valorem tax
in any one year, that is to say. the Mu
nicipality agrees that it will not al
any time during the said period of ter
| 10) years, charge or collect from the
Company advalorem taxes in excess
of five hundred dollars ($500) per an
mum on the land, buildings, machinery
plant, equipment and real estate now
or at any time w.tAin ten (10) years
next after the date of this agreement
owned by the Company, and situated
in the town of Rosedale, in Bolivar
County, Mississippi, and that the val
uation at which the property afore
said shall be assessed during the pc
riod of ten QO) years aforesaid, shall
be such that the taxes collectible there
on by the Municipality aforesaid in
any one year shall not be in excess of
five hundred dollars ($500) ad. valo
rem tax.
5. 1t is distinctly understood and
agreed that if the Municipality shall
at any time within the period of ten
10) years aforesaid, violate or fail
to perform, any of the things herein
agreed to be done, or caused or per-
mitted to be done, by the said Munich
pality, or any of the covenants herein
agreed to be performed by it, or any
of the terms of this agreement, the
company may, at its option, terminate
all the rights, remedies and privileges
of the Municipality hereunder. in
which event the municipality shall, at
it's own cost and expense, within sixty
(6O) days after receipt by the Munich
,>oIitv of written notice from the Com