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

by contract OF otherwise and such con-
tractor or subcontractor and his sszretisG
shall be liable 70 rany excess cost &C.
casioned thereby and-or, If so requested
by the Government, the Borrower shall
withhold from such contractor or SUBJ
contractor so much of the compensation
due to him as may be necessary to pay
to laborers or mechanics the difference
between the rate of wages required by
the contract and the rate Of wages ae-
tually paid TO the laborers and mech
anicS.
4. Force Labor. Provided, however,
that If prices in the bids are excessive,
the Borrower reserves the right. any
thing in this Agreement to the con-
trary Notwithstanding, to apply to tbs
Government for permission to do all or
any part OF the Project by day labor,
upon such conditions as the Govern
ment may impose, with the under
standing that all provisions in thss
Agreement, including those relating to
labor, wages, hours and recruitment,
shall be observed.
PART FOUR
1. Construction of Project. Upon
receiving a Bond payment under Tia
provisions OF Paragraph 4, PART TWO.
hereof, the Borrower viii promptly COM
mence or cause to be commenced tia
construction of the Project (unless such
construction has already been COM
after continue such construction or
cause it to be continued to completion
with all practicable dispatch, in an
efficient and economical manner, at Q
reasonable cost, and in accordance with
the provisions Of this Agreement as TO
the labor and materials to be employed
upon the Project, and the plans. draw
ings, specifications and construction
contracts which, except for subcontracts.
shall be in form satisfactory to shs
Division, and in accordance
with such engineering supervision and
as the Government or tts
may require. Except
with the prior written consent of Coun-
sci for the Government, no materials or
equipment for the Project shall be pur-
chased by the Borrower subject to any
chattel mortgage or any conditional sale
or title retention agreement.
2. Completion of Project. Upon ths
Of the Project the Borrower
will furnish to the Government a GER
ttf1cate of the Borrowers engineers
certifying to such completion. to the
total cost of the Project and TO such
other matters as the Engineering Dd-
vision may request, such certificate 70
be accompanied by such data as the
Division may request.
3. Information. During the con-
struction of the Project the Borrower
viii furnish to the Government all such
and data as the Engineer
Division may request as to the con-
struction, cost and progress of the work.
The Borrower will furnish to the Gov
and to any purchaser from tho
Government of Is per centum of tina
Bonds, such financial statements and
other information and data relating to
the Borrower and the Project as the
Finance Division or any such purchaser
from time to time may reasonably re-
quire.
4 Conditions Precedent to the Gov
Obligations. The Govern
iveSt ments
ment shall be under no obligation 20
pay for any of the Bonds or to make
any Grant:
(a) Budget. If in the judgment Of
the Federal Emergency Admins
traitor of Public Works Cherein-
after called the Administrator
the Borrower has failed to bal
ance its budget satisfactorily, OF
has failed to take satisfactory
signed to bring the ordinary cur
rent expenditures of the Bor-
ROVER within the prudently es-
timated revenues thereof;
(b) Cost of Project. If the Ensin-
eering Division shall not be salts
fled that the Borrower viii be
able to construct the Project
within the cost estimated ct the
time when the Application was
approved by the Government,
such estimated cost being the
amount of $4,000, unless, In the
event that additional funds ap-
pear to the Engineering Division
to be necessary in order to pay Ia
full the cost of the construction
of the Project, the Finance d.
vision shall be satisfied that the
Borrower will be able to obtain
such funds. as needed. through
additional borrowing or other
wise, in a manner satisfactory to
Counsel for the Government;
(e) Compliance. If the Borrower
shall not have complied, to the
satisfaction of Counsel for the
Government, with all the pro-
visions contained or referred TO
in this Agreement and In the
proceedings authorizing the Is
suance of the Bonds, thereto
fnra 70 ha oox,,y,1sa<l xxrx&k, 49,