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7- §* hotter agreement, dirttd ecptcfeber 14, lilt# executed fey president Jeffers fox i l l «ater company, with hoClintio-larshall Corporation, accepting their proposal September II# 1133# Ifex erection of approximately 340 too* of structural steel, payment fox which is to fee f$,40Q.0Q$ provision mode for additional payment fox any erection in excess of 340 tons; together with other convention­al prowl alone# including indemnity against olalss, liens, damages# personal injuries, etc* The following additional documents haws fesea prepared! 1. Agreement with general Cable Corporation, setting forth oonditions under which construction of improvements and sale thereof# together with site, shall fee accomplished; oo#t of improvements to land and later company to not exceed $70,000*00# purchaser to $ay all costs In excess of that amount» purchase pries of land to fee $31#837*09 and to fee paid in ton (10) annual installment!# unpaid fealanoe to hear interest at rate of Wad and hater Company to pay taxes and assess-msnts on land and improvements and fee reimbursed therefor fey purchaser! upon completion of payments, Land and Wnter Company to furnish grant deed and policy of title insurance showing clear title; together with other conditions* 3. Abstract of agreement* for recordation in lieu of pur­chase agreement. thereupon, on motion duly seconded, It wae ttidOLfKZ)# That the action of President in executing agree­ments with Bainey and Mad ease, contractor, and also with McClintic- Varshall Corporation, as first shows mentioned, fee, sad the same is hereby ratified, approved and confirmed; , I M & m f&uOLV&d, Thai the President and secretary, or Assistant Secretary, are hereby authorised to execute and deliver tales Agreement and Abstract of Agreement, entered into with general Cable Corporation, and Uhcwlae execute and deliver grant deed and any ether documents necessary to fully consummate this project upon completion of all payments due the hand and Water Company.