Approving a Contract between City of South Bend and Indiana & Michigan Electric Co.

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Except as follows: All lamps of types and sizes provided for in that pertain agreement between the parties hereto, dated July 17, 1944, shall be billed at the rates and prices agreed to in the said agreement dated July 17, 1944 until ninety -five percent (95 %) of the new overhead lamps specified in Paragraph 1.:B above and seventy - five percent (75%) of the new underground lamps specified in paragraph 1.'B above, are placed in service, then from and after such date, and for the duration of this agreement, all lamps (specified in 1.A and 1.B above) then and thereafter in service, shall be paid for by the City at the rate and price therefor hereinabove specified.: Bills shall be due and payable on or before the fifteenth day of the month succeeding that in which the service is rendered.' The City agrees that in case any additional lamps are ordered it will pay for the same at the rates and in the manner above specified for and during the period from the date of the installation of such lamps until the termination of the agreement.:. 7. The Contractor shall, at its own cost, furnish all lamp renewals during the term of the agreement: 8.' This agreement shall be and remain in full force and effect for a period of ten (10) years from and after the first day of January 1950s, and thereafter in successive periods of one year each, until either party shall give at least sixty days' notice in writing to the other of its intention to discontinue the service at the end of any of said periods: 9.' If the City shall make default in the payment of any bills as hereinbefore provided, the Contractor may at its option, after having given ten dayst written notice of its intention so to do, discontinue the service herein contracted for and continue to withhold the supply of electric energy for street lighting until such time as the City has made payment for all bills in which it is in arrears. Ani such suspension of service by the Contractor shall not terminate this agreement unless Contractor so elects.'. Otherwise, upon payment by the City of the amount it is in arrears, MIM