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HomeMy WebLinkAbout01659i. • 0 Property: Provided, that in case of any dispute between the parties in respect to the non-payment of rant or in respect to any claimed default or failure to comply with the provisions of this lease, no forfeiture of this lease shall be declared by the City, while the Lessee is proceeding in good faith to have the point in dispute determined by any court of competent jurisdiction, and Provided, further, that payment of said installments of ront, shall, at the option of the Lessee, be suspended for and during any period or part of said tern during which said leased property, by reason of the failure of the City properly to make necessary replacements, shall fail to function or to supply the Lessee with the quantity of water which it would supply if such replacements were made. 7. The City covenants, as Lessor, that it, the said City, if and when requested by the Lessee, will make, execute and deliver all assignments and transfers of water rights and water permits and all other assignments and transfers necessary to afford. to the Lessee full enjoyment of that part of said waterworks and system hereby leased, reserving to the City the first four million (4,000,000) gallons of water daily from said waterworks and system. The City hereby covenants that said waterworks and system will carry and deliver at the point of diversion to the properties of the Lessee, near the southerly limits of said City, not less than fourteen million (14,000,000) gallons of water daily, at a head of not less than one hundred seventy-five (175) feet. B. The lessee agrees that it will not sell or otherwise dispose of any of the water taken by it from said waterworks and system hereby leased, in competition with the City of Port Townsend, and that it will not use said water except for manufacturing, power and other purposes solely in connection ti:,ith the manufacturing sites and plants of itself' and/or of its subsidiaries at or near Port Townsend. 9. All the provisions, terms and conditions of this lease shall be binding upon and accrue to the benefit of the successors and qssigns of the parties to this lease. I14 «'ITTJI SS 7-HEREOF� the City of Port Townsend has caused this lease to be executed in its name and behalf', by its tdayor and City Clerk, and its corporate seal to be hereunto affixed, after due proceedings had in accordance with law, and the said Crown Zeller- bach Corporation has caused this lease to be executed by its officers thereunto duly authorized, and its corporate seal to be heretuito affixed, the day and year first herein written, in dup- licate hereof. Attest: TEE CI.CZ Oil POhi T07:i4_STigD lsy ;,;ayor City Clerk Ck07:'11 UOKPOhiiTION BY Its President