The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1934-06-15

satisfactory to the Finance Division)
of the Bonds included in such block
and the date when it is desired to COM
plete the delivery thereof, (Which date
shall be not earlier than ten days after
the Governments receipt of such Bond
requisition, unless otherwise satisfactory
TO Counsel for the Government, each
Bond requisition to be accompanied by
such documents as may be requested by
Counsel for the Government.
6. Subsequent Bond Payments. If
a Bond requisition and the documents
accompanying the same are satisfactory
in form, sufficiency and substance to
/ Counsel for the Government, then, sub
jet to the terms and conditions of this
Agreement, upon reasonable notice to
the Borrower, and within a reasonable
time after the receipt by the Govern
ment of such Bond requisition, the
Government will arrange to take I'D and
pay for such additional amount of the
Bonds, as, together with Other Funds,
and such portion, if any, of the Grant,
paid simultaneously with the payment
for such amount of the Bonds, will pro-
vide, in the judgment of the Engineer
ing Division, sufficient funds for the
construction of the Project for a.
reasonable period, each Bond payment
to be made at the Reserve Bank or at
such other place or places as Counsel
for the Government may designate,
against delivery OF such block of Bonds.
(having all unmatured coupons at
tacheO, together with such documents
as may be requested by and which shall
be in form, sufficiency and substance
as heretofore approved by Counsel for
the Government.
I. Grant acquisitions. The Borrower
may at any time after the execution of
this Agreement but not oftener than
once week, file a requisition request
ing the Government to make payment
to the Borrower on account of the
Grant, each Grant requiSition to be |
accompanied by such documents as NAV
be requested by Counsel for the Govern |
ment.
8. Grant Payments. If a Grant re-
QUESTION and the documents ac-
companying the same are satisfactory |
in form, sufficiency and substance to
Counsel for the Government, then, sub
ject to the terms and conditions of this
Agreement, upon reasonable notice to
the Borrower, and within a reasonable
time afte rthe receipt by the Govern
ment of such Grant requisition (but not
earlier than ten days after the receipt /
thereof, unless otherwise satisfactory to i
Counsel for the Government, the Gov
eminent will pay to the Borrower sum
OF money, which, together with all
previous Grant payments, and Other
Funds, shall be equal in aggregate
amount to Is per centum of the cost
OF the labor and materials shown to
have been employed upon the Project
to date not later than the date of
such Grant requisition; provided, how
ever, that such Grant payment, together
with all previous Grant payments,
Other Funds, and the amount paid for
the Bonds shall not exceed in ag-
gregate amount the total cost of the
Project, and in no event shall such
Grant payment, together with all prev
ious Grant payments and Other Funds,
exceed in aggregate the sum of $4,000;
each Grant payment to be made at the
Reserve Bank o rat such other place or
places as Counsel for the Government
may designate, against delivery by the
Borrower of its receipt therefor.
Wherever the expression cost of labor
and materials" is used in this Agree
ment, such expression shall mean such
cost as determined by the Federal
Emergency Administrator of Public
Works herein called the Admins
trator'D. The Administrator deter
mination OF such cost shall be final.
8. Final Grant Requisition. Within
a reasonable time after the Project has
been completed and all costs incurred
in connection Herewith have been de-
termined, the Borrower may file a re-
QUESTION with the Government re-
queSting the Government for the final
portion of the Grant, the final Grant
requisition to be accompanied by such
documents as may be requested by
Counsel for the Government.
10. Final Grant Payment. If the
final Grant requisition and the docu-
ments accompanying the same are salts
factory in form, suficiency and sub
stance to Counsel for the Government,
then subject to the terms and con-
ditions OF this Agreement, upon reason
able notice to the Borrower, and within
a reasonable time after the receipt by
the Government of the final Grant re-
QUESTION 0but not earlier than ten days
after the receipt thereof, unless other
wise satisfactory to Counsel for the
Government, the Government will pay
to the Borrower sum of money, which,
together with all previous Grant pay
ments, and Other Funds, shall be equal
In aggregate amount to 80 per centum
OF the cost of the labor and materials
employed upon the Project; provided,
however, that the final Grant payment,
together with all ryravioa,S Grant nor |