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own herald fiftyfirst year of publication georgetown wednesday evening april 24 1018 150 per annum or 125 if paid in advance died watbok at creomore on april 7un alfred h watson for twentythroe years editor of the star in us mth year oakville drastic changes have been made in the military service aofc ail exemptions have been cancelled and those between 20 and 23 must report immediately canada i learning inst these later days of to war that its no childs play and brampton minstrels will give a con cert here on the 2nd of may ira stewart toronto a seed grain and pork thief who operated at bur lington oakvllle and points between was sent down for 22 months by mag istrate barr the joyriding auto traffic betweeh toronto and hamilton on the new pavement on sunday last excoeded anything since the road was built over 4000 cars passed through town during the dujy record new advertisements to iet good bouse on victoria st moderate rant possession jmodiateley jn oneill to hire apnly h mills wmhted wheel scraper and tesm orke georgetown woollen it boarders room and board for two respectable jfrarfc b the bijnsus regulations- ia avmw lohe or two good men wanted onto that they will enahje the prevention miw lillian 6ampbeft toronw was y yj b jt p of pnjilisbiag speeches uittd t 5- sunday members of jparliatuaiit teat- vnevefto jjtterfid atjl leav 3 teeci abroad wi venture tf afv tre 4etof htf- uboofey fisvekpflifwpo iw gejigklibjd of ijdl iify tjoasil niej i zy w snjbeiiti ve- gi vh by spdedhes die- 1 viivertd jtatifyiiig strtf art fy stani- bera ifjpartainent h r gbqptv ae itfw pniftgn therr garden ftnd in many oases the neighbors hens are running loose and oh what feelings of pleasure the hardworking gardener experi ences on rising early some morning and uppn viewing the result of his labors of the previous day finds that the neighbors hens hare been there before him and assisted in the cultivation of the soil 1 oar opinion is that any person who al lows his hens to ran loose and an noy his neighbor is not living up to the goldeb role letonwsthecvutiy rldif botftc whtlevhie ctevelqpod trench- xosfc jieturriebti toronto lost jtavtnh revived his rftecljototne dtat jyr the wfritercimteton jfcojes wioi and hearty oltuoush minus half one oo the herald office y bylaw no gorke 06 iocs ro wltchiso hini jraup whlifc- iora if thsr ftitvsv rtnnl rmmwin wim rdisftbtrous figiitte3 the herald thiiasams motfniwg our jnevpr xs many towns in canada to day merchants have adopted the cash and carry system this system has a great many good points it enables the customers to see vtfiat they are buying also the merchants to out the cost of the goods they buy as the delivery costs each mer chant from eighteen to twentyfive dollars a week for each delivery wagon he has on the road the last means another twenty dollars saved in cost of bookkeeping and postage in georgetown our but chers and some of our merchants have adopted this system and in the near future the rest will probably follow in cutting their expenses we would strongly advise the public to anist our merchants in this as there is good reason to believe that it will prore to ths advantage of both oustomers and merchants v there passed away in the village of ejrla on thursday afternoon of last week mary mccajg boloveo wife of archie saunders in her 64th year tramps loafers sports and all gentlemen of leisure who hang around poolrooms picture shows cabarets railway stations steamboat landings street corners and other places with nothing particular to do and a reason able amount of health and strength to do it with please take notice loafing is now illegal the recent order-ln- counoll declares all persons domiciled in canada shall in absence of reason able ground to the contrary engage in useful occupations burlington sezdoraib uojilt take ahances with bpovseed- lsatatiheed weoldgsve grabaro- b0 oats atstso and oa at 3 00 ordsr now bradlev rc8h cedar vale farm 8tf rop sale vr rch1 twqhonam fa olleje view coaven ieritlysitoatfd vvaterjind electric light cvnunt cellar apply emmanol lornaso college view box 406 9118 12tp orjufel ror smlc anv quantity of high grade gravel lor road and bridge construction reneral ce ment and conerete work peraoni de irous of securing gravel from the 0th line pit mut apply lo r i oreelrnan georgetown 244 8t the billiard room is jmylnit 05 license fee and the plcttiro show is llkoly to pay 976 this year chief elliott extinguished a htnnll are at the home of mrs livlowe pearl street on monrlay a vood pile at the rear of tho house became ignited from burning rubbish speeders on the highway paid 10 in fines imposed by magistrate barr last week a petition is being circulated nmonp the local merchants to observe wed nesday afternoon as a holiday during the months of mny june july and august mr a p alton has been temporarily appointed division court clerk mr alf matthews met with an un fortunate accident at the station on saturday last he was unloading ex press when a large box fell on his hand crushing it badly gazette military news the inconvenience experi enced by workers who begin the days toil early and who under the daylight saving system mustneeds now start an hour earlier than for merly should soon disappear as they become- accustomed to thef va sft ohange but the fact cannot be ig- nored that we must all retire as well as rise by the new time to get proper rest the hour longer day light after work in the evening should more than compensate for starting the duties of the day an hour earlier even if a little dis comfort is felt at first in rising an hour earlier that will immediately be forgotten if we recall the saorifio- es our brave soldiers are making at the front a little inoonvenience of this sort if it is to save for garden produotion to say nothing of other forms of wholesome reoreation will be regarded by most men as com- paratively insi gnifioant in such times as the present terra cotta next sunday evening the ohurnh ser vice will he hiid in terra cotta method ist ohurnh dont loroet thiamcvice sd come wiili vnur friends at 780 to rra ooia church the minister will oondoot lbs serviie and the young peoples ohoir will furnish the manic misses mir ile myrtle moosuley of toronto pent ihe weekend with thir parent htrg mr and mrs marshall of toronto were ihe guests of mr and mrs pesrce last week frank sanndersnn had his foot badly oat while working in the bush last wsok pte donald mecanley was bonis from toronto over hnndav on m last lesvf prior to going overseas mr peder has moved to roger broth ts farm anl will go qnlte extensively in to sheep raising glenwilliams a presentation will be tendered pie- jgemc master at the home nl hie mother ontrlday evening april 20th allan welcome last rundnv evening the members ol georgetown i o of paid a visit to oat ebrircb and listened to the pastor rev a 8 trusblood who spoke tronv ihe text v7hst mean y bv this i rcrvlctv tbe minister ontllned the objects of tfijra- ternlty and urged very member to law fully nraohao the obligations they anunj- ad the hnir rendered ronslc approprf- ate to the occafm next q sfernoon at pm m- mortal service will he held in the olenr hathndlst ohnreh in honor of sjpper forgrave who died on good fridaw from sfontnis evervnne is w u attend this service the rev a true- blood will ofliolnte tdgt bnnrlalntd verdum k euh lodge no 1k4 enter tained oriole ldge no 104 of toronto for inn jinrioe dl conerrihu the kebek- h dgie ou tueidey evening last april 16ib ton pxirdidstes were given in de gree which brings i be lodge ioll op to 81 the oddfellows lodge rooms balnic too email it a as loutid necessary to hold the cerumouv in tho town ball etury- body enjoyed tbe splendid work pot on by oriole lodge and they are to be con gratulated on their excellent staff there were about 126 present reltasbmenfa were served at tbe olose of tbe degree work oriole lodge chartered e special badlgl car for their visit and left hereon their return at 11 80 so as to make corj- nsctlon at west toronto v rorrimxor smu to rent for season for cultivation or wljl sell plot of ground on george 8treet apply to h smith 809 quebee ave west toronto ltp gunner vv aklns was homo from guelph over sunday sergt w coles was home from decew falls last week word has been received that pte m b collier has been sent to france corp fred wright has joined the benedicts he was married on easter monday at kendal england the men of a class who were ex empted by the military tribunals are now being called to report for service lloutcol peres- domvllle late c o of the 164th batt has been struck off the strength of the canadian expedi tionary forces mrs c s smith of fairvlew place has received word of the safe arrival of her son gunner a m smith at wltley camp england pte john watson who donned the khaki about the first of tho month in toronto was home from exhibition camp on leave over sunday pto wilfrid stovons son of mr c h stevens of newton brook for merly of acton is reported very hi with diphtheria he is in a hospital in france hon david henderson received a cable this week giving the news that his grandson howard mckeague of the royal flying corps had been wounded in the left arm and leg sapper thos j forgraves of qlen- wllllams who went overseas in april 1917 and was in france and belgium for 10 months was wounded march 28 and died on the 29th in no 42 casu alty clearing station a letter from lieut t d hendor- aon of the canadian engineers in prance on tuesday to the aoton red cross society acknowledged receipt of a pstrcel o much appreciated socks for distribution xleut henderson said he was well and that the weather was springlike and pleasant mrs b h wanaborough lake ave has just received from her soninlaw driver frank day who is in france a neat sliver brooch engraved from a two franc coin driver day wrote on march 24 we are enjoying lovoly weather now something like ontario in may i am feeling very fit mr walter pearson guelph receiv ed particulars on saturday of the wounding of his son driver stanley i pearson in action in france a splint er from a nigh explosive shell entered his right arm and he loet muoh blood it la not expected that serious results will follow and he is to be removed to england as soon as able to travel stanley spent several years of his boy hood dsystn acton mr harold morris baa joined tbe avis hon corps and will go into trainings once mr morris baa made many friends since coming to town who wish him the best ol look among tbe returned solillea who ar rlrsd t toronto last week wsa pte gar field rsmsbaw second son at mr and mrs thomas ramshaw of osbawn he was wounded at vlmy ridge on april 9 1917 and has spent nsarlv twelve months in english hospitals and bee been tent back to canada lor further treatment si wbltbv tonvslent home ft was planned to give him a big wept ion at bis home toon but owing to his injuries it was decided to pnetpone ibi till a liter date mr and mrs karnshaw were formerly residents of georgetown under the new roflltarr appointment inet sanctioned at ottawa uenttsi 1 b dgvey is detailed n acting command sr of tbe brant hnnse bliriinvon trie nw hospital lor invalided rstnrneri sol dlera struck off lt on prov dom rile late commander 164h hniton ml dnharin battalion its john sahll trim returned tome boat year ago after being wounded l tbe frost bss for some tints been noting fireman on tbe new york central railway out of boffulo he was here on ratnrdar with his newly wedded i ride ps ssbli says he has been recalled and ordered to report for service sgalo aoton free pss john alexander gordon son of alex trider gordon of toronto formerly el aotonss killed in aotlon on april 4th for smlt eggs for hatching barred rooks oag bred to layatraln the nest lay ing strain in canada eggs have test ed 96 per oent fertlll 1200 per lfl brooders 2 prairie state universal portable hovers capacity 100 cbloks used only one season and in firstclass oondltlon h l rutt sons hlllglrt gardens georgetown phone 183 bo- for 1 am or after 7 pm 2t also 100 hga of onions st 81 00 a bag come and get them ror smlt beantifol solid selected quartered oak dining mom suit colonial 1 large buf fet 1 extension tabe l large cllna cab inet 0 eheis pad seat in no 1 8panish leather den furnltnre solid osk early english 1 den table 1 den settee no 1 leather sos 1 den arm chair no 1 leatb- er seat 1 den rocker no 1 leather seat applv after a pm or roske sppointment phone 100 w b berber king st tl street watering tenders will bo received by the un derslgned up to noon pnmondftythfi6th hay otkiay for tho watering of main and mill streets further particulars may be obtained from wm barclay chairman of streets and walks f l heath clork april 94th 1918 2t hedvjr ana tails upon r d warren the former publisher and myself webeing jointly interested the loss on the printing plant will reach 40qp to 5000 and on the building upwards of 3000 this is partially covered by in surance the regular edition of the herald which would have been sent out this morning was destroyed jn the fire but in order that there may be no postponment of the municipal election on the woollen mill bylaw owing to nonpublication of the bylaw and agreement as required by law we give these the right of way in this temporary edition of the herald through the courtesy of the acton free press we are able to issue this sheet from the presses in that office we expect in a very few days to have a new plant in working order and be able to meet all the demands of our customers for printing and advertisingt in the mean time we are c that under the cir cumstances everybody will bear with us patiently and considerately we will ac cept orders as usual at our temporary premises the bowling alley nearly op posite we desire to express our sincere thanks to the young lady of the bell tele phone company who so courageously went to tne town hall in the night to sound the fire alarm and to the fire bri gade for the splendid services in promptly responding and preventing serious dam age to other property our appreciation of the kind words of sympathy and offers of financial aid by numerous citizens is greater than we can express trusting that in a very brief period we may have the herald business running as usual and soliciting forbearance from all we are respectfully joe m moore editor and publisher a bylaw to authorize the issue of debentures of the village of georgetown to the amount of ten thousand dollars to grant a bonus by way of loan to henry corke to assist him to rebiiijav rthjquip and operate p factory woollen gonrxa n the salt vflv ja pf georgetown whereas ths said henry rorko woolen manufacturer obetald ragttpf george to vvncarfrlja an ol 6ysv between- henry corke of the villsgs of qeorgstown in the county of helton snd provlnee of ontsrlo woollen manufacturer hereinafter ealled the manufacturer of the fir8t part and the corporation of the village of georgetown rntrpln- i i r ealtjstl the gorppri- i j guelph ives b hjttbr rolleqe vtc oultsics individual instruction studonta may start any day if you cannot start soon make your arrangements now for the pull term at this years rates guelph j business college herald blda at ths past office a l bou0k prlnprop ouslphont draw on your customers tbrousth tbe merchants bank with branches in all parts of canada and corres pondents abroad this bank is in a position to present drafts promptly havethem accepted and collect payment with the least possible trouble and cost to you the manager will be glad to take up this matter with you trie mcrchants dank hsmdoffimtmbntrwal of caniapa established ibm aoton branch l b 0horey laaoagwr georgetown branch mjo in into m the said factory was ilea trftyed by tke i- fwnvhs5ria ft rder tifrebulja- heaa4dfaotorrtke i said henry portco os ashed- tfiesafdj corjiipratlon of aeorgot6wn tot lond hlrri the sum of ten thousand dollars to assist him to rebuild equip land operate antf carry on the said nuslness and whpreas thiwe is no other manufaotory of a similar naturo or kind established in the naid village of georgetown and whbre1as the said henry corke has entered into an agreement with the said corporation of george town dated the twentysecond day of april a d 1918 subject to the ap proval of the duly qualified ratepayers of the said village of georgetown a copy whereof is set forth in the sche dule hereunto annexed and marked a and whereas it is expedient to pass this bylaw and submit tho sumo to the electors of the said munici pality to raise by way of loan the said sum of ten thousand dollars to assist by way of bonus ths said henry corku to rebuild equip and operate and carry on the sold business in the said fao- tory and whereas for the purpose aforesaid it will be necessary to issue debentures of the sold municipality for the sum of ten thousand dollars the proceeds of the said debentures to be aplled to the purposes aforesaid and to no other and whereas it la deslrablo to issue the said debentures at one time and to mako the principal of tho said debentures repayable by yearly sums during tho nald period of twelve yoarb being the currency of tho said deben tures said yearly sums being of such respective amounts that the amount payable in eaoh yoar for prlnolpal and interest in respect of the said deben tures shall be equal to the amount payable in each of the other years of the said period as is hereinafter mentioned and whereas the amount of the existing debenture debt of the said municipality exoluslve of local im provement debts secured by special assessments is 16558702 of which no part of the principal or interest is in artear and flvo thousand dollars in onu of tho recognlzod standard insurance com panies of cunudu ami wllf assign tho said policy to tho said corporation and will promptly puy all premiums nocehhary to koop said policy in full foroo and effect during tho currency of this agreement anil until the loun hereby uuthorlrud is paid off and dis charged tenthly that ho will repay to tho said cor poration the amount of the auld loan of jtanthopsaiid poanr with interest at th rrae of- six pejranllmftjrtuirn w1d mfyfcyw loaned wihr 5 vv irvi ir dtotrarajwrt the jtnld wbhufteturerv tjt wlfbrfiasi tne uirfmasufaoturor tho nirlrrcllwf nrd interest to bp coin enrfles mi sha- busrnosa qr mnnufuc- blnod and jiuyublo in twelvq equuisuo- turlng woolione alidwoolion goads in cessive annual- instalments of orte ills sahl factory situated in the said thouhind ioho hundred ari ninetytwo vijlqgo or j3eorgottwji and 777i0 culidrm tho flrs af j atvp- whbfipxft in tio- t viil jharchiis faiitocy i tvojftlll ullro jij 0vvvis3habtneitav4l and- monemodern- factory for thbijuri hatnewln execute in titipir ox thet yl posesvafbrosam and odirlii and opewto cortratlonijw seoority r thfe jsiiraauv nl dtfd arry oti the iibjd faaftrlfcw loan of tea tbousgrid dollars flnd il- i f cerest as of orqsali atjd a seourit v 1 oruio erforoiajice o t tajl ittecoy6nr vjltedurrpttnoftfen thousand ollttra bi jgrantod to tilni by the tald cocbqttj r y t ayfekstfxb tne-aoid-idorpora- tlpn lmii ugroed to submit for the oi- prpvalof the qiuallued elootoyh af fho vtllngo of georgetown and to finally pass if approved liy tho vote of jhi suld electors a byitaw toconflrrrt and- viinrove this ogreomont nnd tb grant to iho vuld maun fact urer an addition al bonun by way of loan of the sum of ton thousand dollars payable in ensh whereas the whole rate able property of the said municpallty liable to be rated for the sold purpose irrespective of any future inorease in the same according to the lost re vised assessment roll is i8188048h therefore the municipal coun- oll of the village of georgetown en acts am follows 1 that the said agreement hero- unto annexed and marked a is hero by ratified and confirmed 2 that it shall and may be lawful for the corporation of georgetown to loan to tho said henry corke tho eum of ten thousand dollars as by way of bonus in aid of tho said business upon tho terms conditions stipula tions and provisions set out in the agreement hereunto unnoxed and marked a 3 that for the purpose mentlonod in the preamble there shall be borrow ed on tho credit of tho said corpora tion the sum of ten thousund dollars and debentures shall be issued thero- for in sums of not loss than one hun dred dollars each payable in tho man ner and for the amounts and at the times set forth in paragraph four hereof 4 that the said debentures shall bear interest at the rate of six per cent per annum having coupons at tached for payment of ouoh interest now tiikheiork tills indonturo wltnosseth that in consideration of tho piomlsoh and the terms agreements conditions unil stipulations hereinafter contained tho bald parties hereto do hereby mututlly covenant und ugree to and with oach other as follows that in to say tho said munufuc- tursr agrees firstly that as soon as possible after this agreement is executed by the said corporation and tho byliw confirm ing same is passed after approval of olootors to proccod with all proper dlllgonce to erect upon said factory site in the said village of georgetown all necessary buildings for a suitable fnctory for the manufacturing ot wool lens and woollen goods at a cost of approximately ten thousand dollars and to bo built of cement brlqk or stono and utao to put and place in hold fnclorv all necessary plant ma chinery iml equipment cultable or the carrying on of tho said business at a cost f npproxlmutoly sixteen thou sand ijollulh socondly tho salil manufacturer shall erect nnd complvo tho snld building and fthall iilacii the said fixtures machinery am plant throln and hava the same in operation as u going coneorn on tho first day of november a d 1018 or within hucii further time as may bo allowed by the said corporation thirdly that he will carry on tho buhlness ol manufacturing woollens and wool len goods in tho suid vlllagoof uoorge- town in his aalil fnctory or other biilt- uble bulldinsr for a period of twelve years from tho first day of november ivrd 1018 unless in case of are accl jltmts lu mrir strikes or for any- other cause ouch as shall render an interruption unavoidable and in any such cuso operations shall bo resumed uw tmuii ns fohlblo therouftor not ex- oeodinp twelve month- in caeo of tttnl loss by llro and in case of any inter- ruptlotii by total loss by fire as afore- snld shall bo for u longer poriod thnn throo months in any yoar the said manufacturers business shall bo oon- tlnuod und carried on after tho said term for a period equal to tho time of tho said interruption over and above tho hnlrt three months and in caeo any interruptions from any cnuso as aforo- siild otlior than from total iosb by flro hiulii bo fur a longer poriod than two months in any year tho said manu- faeturcrs business shall ho continued nnd carried on ufter tho suld torrn for a period oiiuul to tho tlmo of inter ruption over and above tho said two months tho snld manufacturer to have the right to shut down the said fnetory during one month in eaoh yoar dm lug tho suld period of twelve years for the purpose of tuklng stock or for making repairs which said one month nevertheless couns as part of the said twelve yoars and the said business shall bo deemod to be in operation for tho purpose of calculating the said period fourthly that ho will during tho said poriod of twolvo yoars except the first year of thttsuld torm pay in wagos a sum year prlnolpal interest total no 1 1592 77 1600 00 1192 77 3 828 34 504 43 1102 77 3 686 04 too 00 020 73 1192 77 4 480 77 11 j j 77 6 748 36 444 41 1102 77 6 703 20 390 51 1102 77 7 840 k6 361 01 1102 77 8 801 31 301 40 1102 77 s 944 70 247 08 1192 77 10 1001 47 101 30 1102 77 it 1061 67 131 20 1102 77 vi 1126 23 67 64 11b2 77 110000 do 14319 24 14313 24 s that for the purpose of paylnff the said inetalmente of prlnolpal and interest as the itame fall due respec tively durinir the said twolvo years boiim the currency of the said deben tures there shall be levied and raised in each year by a special rate suin- clent therefor on all tho rateable pro perty in the said municipality the sum of one thousand one hundred and ninetytwo orjd 77100 dollars at the same time and in the samo manner as the annual general rates 0 each of the said debentures shall be signed by the reeve of tho said village of qeorgotown or by some other person authorized by bylaw of the said municipality to flijn the samo and by the treasurer of the said vii- loffo and tho clerk of the said muni cipality shall affix tho corporate soul thoreto tho coupons shall be s iff nod by the treasurer of the corporation and his sisnature may be prlntod stamped lithographed or engrossed finally passed by an affirmative vote of three quarters of all the mem bers of the council this day of a d 1016 fchedulig this indenture mado in trlpll- ouridaiunv m w twontysooont day of april f w ukanuyivmafugsr hnxliaysftj of our lord one thousand njn hunttwa ttu ejfhtw wibqean hoiincdntaniftm ion the part ohv tho jutid mttttufncturer tt morteao fo tho sld corporation upon the- said landt and priitfiseu 1irildinffs pjant t ffnd machinery aiul- upohall other fixtures plant- nnd machinery placed or erected upon tho said luna and fire- mlueu in ohnectlon with tho safd factory free from nil dower hens charges and encumbrances of every nature and kind except a prior mort gage now on the said promises made by the said manufacturer to the said corporation iih security for the sum of hlx thousand dollars und upon all buildings plant and machinery that may be subsequently erected or brought upon tho said premises during the cur rency of said mortgage and the said lands buildings machinery and plant to be of the value of twentysix thou sand dollars the said mortgage to contain such covenants as are usually contained in a mortgage mtttle in pur suance of the short forms of mort gages act and such other covenants as the said corporation shall deem ndvlsnble for the security thereby in tended quiet possession on default freedom from emcumborance except us herein mentioned further assurance that no act has been done to encumber the said lands oxcept as herein men tioned insurance io tho extent of their full insurable value in dollars curi cy of lawful money of canada on tho buildlngn plant and machinery on the mortgaged promises a release from all claims subject to the proviso for re payment a power of salo on default for one month on ono months notice in writing and until default the mortgagor to have quiet possession and a proviso for tho repayment of tho said sum of ton thousand dollars and lntorest at tho rate of six per cent pot annum in the amounts and at the times mentioned in the proceeding paragraph hereof and will charge against tho said lands all premiums on tho insurance to be u tooted aw aforesaid on his life as pnrt of the moneys secured by said mortgnge the said mortgage shall provide that all terms covenants and oojidltionn and provisoes of this agree ment shall so far as the same may be applicable- tajmparutjiarfita-be-lii- li r and shall all bear the same date and t shall bo issued within two yeajs after ji i hanrwohundredtnd fffty the date on which this bylaw is passed and may bear any date within such period of two years and shall bo payable at the merchants bank ot canada georgetown ontario within twelve years next after the date when they shall be issued and the respective amounts payable in each of such years shall be as follows dollars per week unless prevented by strikes or other unavoidable causes and the calculation of the amount of wuges paid to bo mudo as is herein after provided fifthly that he will only employ persona who uro british or american subjeots and who uro rosidonts of the said village of georgetown sixthly that ho will annually during the unld term of twelve years if required to do ho by tho said corporation sub mit to the sold corporation a state ment as to the wages paid suoh state ment to bo prepared and signod by a regular chartered accountant satisfac tory to tho said corporation and if required also verified by natutory declaration to bo made by tho said manufacturer and 1 ft shall opear that the uvorago weekly amount paid for wugos during the year by the sold manufacturer has been less than two hundred and fifty dollars then the said corporation shall be entitled to realize from tho said manufacturer as liquid ated damages for such default at the rato of ten dollars for each twenty- live dollars short of the said weekly average of three hundred dollars any and all disputes arising under this clause shull ho settled by a board of throe arbitrators ono of whom shall bo selected by the saill corporation another by tlit said manufacturer and tho third chosen by the other two seventhly that ho will expend approximately tho sum of ton thousand dollars of his own money in addition to tho ton thousand dollars hereby agreed to be loaned to him by tho suid corporation and tho six thousand dollars realised by him from the insura noe on the old fuctory whioli last mon tloned amount the said manufacturer is bound to ex pend in tho rebuilding of the now fac tory to purchaso machiu mry plant and equipment necessary to properly oper ate and carry on the satd business eighthly that lie will also pr vldo an addi tional flvo thousand dol lars of his own monoy to be used sole ly and entirely by tho said manufabtu ror to purchase or make additional n luehlfw to be used by him in tho s aid factory and for working capital c tie used in the said business ninthly that he will pojioy upon nig cludod in and form part of the said mortgage until the same is discharged as hereinafter provided and shall be satisfactory in all respects to the soli citor for the corporation twelfthly that in default being mado during tho currency of tho said martgage in nry of tho conditions terms coven ants and agreements and provisoes sot out to bo observed and performed by the said manufacturer undor this ngrooment then in such case tho said corporation shall have too right to recover ns liquidated damages the hevoral sums sot out in- this agreement in roforence to such dofault and for such purposo may excrolao all their rights and romodies as mortgagees under tho said mortgago until the discharge of tho said mortgage in as full and ample a manner to recover tho samo as if default had boon mado in tho payment of tho sum secured by the said mortgage and this clause may bo pleaded as an estoppel to any defence preventing tho said corpor ation from proceeding to realize the said sums under said mortgago during such time thlrteenthly that any joint stock company which may be incorporated und which may take over the said manufacturers business and fuctory and any firm or persons succeeding the said manufac turer in snld business shall bo entitled to the samo privileges and conditions as the said manufacturer is entitled to undor this agreement and shall aoqulro tho same subject to tho same terms and conditions us are in this agreement contained but the sold manufacturer hereby covenants and agrees that ho will not assign sell or transfer his suld business to any com pany firm or persons during tho said torm of twelve yoars without obtain ing for the said corporation the cov enant of such new company arm or porsons for tho duo carrying out of this agreement in addition to tho con tinuing liability of tho said manufac turer himself fourteonthjy thut if ho tho suld manufacturer while this agreement is in force ac cepts any inducements to cense carry ing on businoss in his said factory in the suld vi huge of georgetown or through any cause whatever they shall cease carrying tho said business dur ing the currency of this agreement he will pay to tho said corporation the sum of two thousand dollars by way of compensation to the said corpor ation for loss costs and damages oc casioned thoreby and the said sum of two thousund dollars shall be recover able by tho said corporation from the said manufacturer us liquidated dam ages and not us u penalty and this vhull bo in addition to und irrespective of any othor right liability or remedy which tho sajd corporation may liave against tho said manufacturer for the broach of any of tho tonne covenants and agreements contained in this agreement tho suld corporation agrees firstly that it will make tho said loan to the said manufacturer upon tho terms and conditions horeln mentioned heoondly that it will submit to tho duly qualified ratepayers of the said village of georgetown for tho purpose of ob taining their consent a bylaw to rati fy this agreement and to authorise the said corporation to raise the sum of ton thousand dollars and to issue de bentures th oro for far- tho purposos aforesaid and if so approved to anally pass the said bylaw thirdly that it will pay tho sold manufac turer the said sum of ten thousand i dollars after ne by1w has been ap proved by tneftfaduly qualitlo1 rto- pytrctthim vilago oi aaofgo- w wwin4 family pawed by tnetcowi- uf for th eum of continued on pave four atfl a a sfrjjiw k m life- 71 3v v rstt iuv t il- y 1 l tvfi l m iltsjwc 4 vsfickms mfjiossk mmb i aft