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October 8, 1918
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<br />of ascertaining the value or for a~dlng them in so doing, shall have access to the books ~nd
<br />papers of saiA company. Said sale to be confirmed by a two-t.hirds vote of the Council of said
<br />City, and ratified by the Court of Hustings. o£ said City~;~ the City of Portsmouth having given
<br />such two years notice prior to the first day o~ Apr£!, nineteen hundred and ~ighteen, of its
<br />intention to exercise its option under said contract, ~ud the Cotuucil of the said City having
<br />selected Chas. F. Harper and the Portsmouth, Berkley and Suffolk Water Compar~ having selected
<br />Leonard ~Aetcalf, and they.'havin~ selected Robert R. Prentis as umpire, the said'arbitrators
<br />and nmpire proceeded con~uencing on the twenty nin~ day of July, nineteen ~n¢tred and eighteen,
<br />and ending on t~his date (after adjo'o_wnmenta from tame to time), heard all of the evidence sub-
<br />mitted, and having given due consideration thereto have this date made the following appraisal
<br />and ~ward, ptu~suant to such submission:
<br />
<br /> 1. We appraise and value the works, property, franchises, real estate and personal-proper-
<br />ty as indicated in the inventory submitted {excep%ing there~om non-operating and miscellaneous
<br />equipment, materials and supplies shown on Aa§es 26V to 293 inclusive, of the inventory), at
<br />the s~m of T~o Million Seven Hundred Thousand Dollars ~$$,VO0, O00), as of April 1st, 1918.
<br />
<br /> 2~. '~ne non-openating an~ misee±laneo~ equzpment, mat~rzals an~ supplzes mn possesszon
<br />of the compa~ upon the date on which the Czty of Portsmouth shall sxercise its option to pur--
<br />cDase the property, sl~ll be inventoried as of Ahat d~te, and all such property which has been
<br />purchased since April !st, 19lS, shall be paid for at its actual cos~ to the company, and all
<br />such tmused property as' was owned by the company on the 1st day of April, 1918, shall be paid
<br />for at such fair value as may be agreed upon by the city'~and the company.
<br />
<br /> ~. All e~tensions, improvements, e~.uipment and machinery constituting betterments to
<br />the property ~d nat mere replacements which have been installed eithe~ in whole or in PSat
<br /> -]
<br />since Aprz_ 1st, 1918, ~hall be paid for by the city at the actual cost to the company upon
<br />the date of the transfer of the property.
<br />
<br />Given uz~ler our hands this zStr,_ say of August, 1918.
<br />
<br />Cb~o F. Harper~
<br />
<br />J.~oz~..~ m Netoalf,
<br />
<br />Robert R. Prentis.~
<br />
<br /> ~HEP~AS, The Council of the Cit. y of Portsmouth believe tb~t the f-~ndings of the said
<br />bitrators and umpire have been fair and in all respects proper, and deem it to be to the best
<br />interest of the City of' P. ortsmouth and its citizens t~b the Cmt~ purchase the property of
<br />said Water Company as fixed by them;
<br />
<br /> NO~, T~LREPORE, BE IT RESOL~U~D, by %he Councz_ of the City of P~rtsmouth, ~zrg~nza, -that
<br />the award ar~l appr~isai of said arbitrators and .umpire and sale thereunmer o~ the lrropert-y of
<br />the Portsmouth,.Berkley, and Suffolk Water .Compar~ ~o the Ci~y of Ports~_outh be e~ud the same
<br />are h~reby cor~zrmed and. approved; and tb.~t the City Attorney be instructed to present the re-
<br />port of said arbitrators and t~upire to the Court cf Hustings for the City of Portsmouth with
<br />the request that the said award and ~the sale thereunder be ratified°"
<br />
<br />the foliowin~ vote:
<br />
<br />Ayes-- Culpepper,
<br />Nays-- None..
<br />
<br />Dean~, Hanvey, Herbert, Wright, ,5.
<br />
<br /> On motion of
<br />at 8 'o'clock P. M.
<br />
<br />HePbert, the body stood adjourned to meeton Th~trsday,
<br />
<br />Get,bet 10th,
<br />
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