WATER CONTRACT AT LONG BRANCH.
Long Branch, N. J., has agreed with the Home Water company for a ten-years’ supply, the town to pay ten per cent. rent of the actual cost of the system, interest and franchise, and other taxes, and the company will furnish water wholesale at the rate of $125 per million gallons. The town may buy the system within the town limits at pleasure any time during the life of the contract for the actual cost of construction, plus ten per cent. The company agrees not to sell to a rival company, and do away with competition, except with the consent of the board of commissioners. It will finish the work by July 1, 1903, and give the commissioners a bond of $20,000, to be forfeited if the system is not completed within the time specified. Five thousand dollars in cash is to be deposited with the city clerk to insure the municipality against suits for damages, while the streets are torn up, and to provide for the further replacing of all thoroughfares in as good condition as they were before being opened. The contract is to become void if the water company does not properly perform its part of the contract. A postponement of the date of finishing the work is provided for in case of litigation. Next April is the date set when all pipes shall be laid and the streets replaced in good order. The company is to build a plant and to maintain a pressure of sixty pounds to the square inch. The water is to come from Shark river and is to be equal in quality to the present city water and such as can be approved by the State board of health.