3

OverviewVersionsHelp

Facsimile

Transcription

Status: Complete

termination in writing.

4. That upon the termination of this agreement as to
the heating plant, the said heating plant and all equipment
incidental thereto, shall, at his option, become the property
of J. Welch Harriss, upon the payment by him to the other parties
hereto of their pro rata value of said plant at the time of the
termination of this agreement.

5. That upon the termination of this agreement, if J.
Welch Harriss shall elect to retain the heating plant for his own
property, and the parties hereto cannot agree upon its value,
then and in that event the question of the value of the heating
plant shall be left to arbitration, one arbitrator to be selected
by J. Welch Harriss, one by D. A. Stanton, and the two thus chosen
to select the third, and the decision of the arbitrators thus
chosen shall be binding upon the parties hereto as to the value
of said heating plant.

ELEVATOR

1. That an elevator shall be installed in the build-
ing owned by Florence W. Harriss upon Tract #1 at a cost of
Twenty-eight Hundred Eighty ($2880.00) Dollars, to be borne
equally by Florence W. Harriss, D. A. Stanton and J. Welch Harriss.

2. That the expense of operation and maintenance of
said elevator shall be borne equally by Florence W. Harriss,
D. A. Stanton and J. Welch Harriss.

3. That upon the termination of said joint lease or
joint use of said buildings, this agreement as to the elevator
shall terminate and the said elevator and all equipment incidental
thereto shall, at her option, become the property of Florence W.
Harriss, upon the payment by her to D. A. Stanton of one-third
and J. Welch Harriss one-third of the value of said elevator at
the time of the termination of this agreement.

Notes and Questions

Nobody has written a note for this page yet

Please sign in to write a note for this page