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<br />appraised value of the equipment used by him in the conduct of said busi- <br /> <br />ness but shall not be required to pay anything for this permit or the <br /> <br />right to carryon such business. <br /> <br />If said. parties cannot agree upon the <br /> <br />fair value of the equipment being used in the conduct of said business <br /> <br />each of saio. parties shall appoint an arbitrator and thE: two arbitrators <br /> <br />shall appoint a third and the decision of two out of the three arbitrators <br /> <br />shall be binding upon both parties hereto. <br /> <br />The cost of such arbitrators <br /> <br />shall be divided equally between the parties. <br /> <br />c) The said Walter Vandervort shall keep an accurate book account <br /> <br />of his said business to be carried on under this permit together with the <br /> <br />cost of the equipment used therein and said book of account shall be open <br /> <br />at all times to the Ci ty of Redv;uod City, and as of June 30, 1938 and <br /> <br />quarterly thereafter, the said Walter Vandervort shall render a written re- <br /> <br />port of the operation of each route in such form and with such information <br /> <br />as the City Manager may require. <br /> <br />d) The permit granted by t>;is resolution cannot be sold or as- <br /> <br />signed ''ivithout the written consent of the Council of the City of Red\Hood <br /> <br />Ci ty ex.pressed by resolution. <br /> <br />Before the permit granted by this resolution shall be effective <br /> <br />the said \Nal ter Vanciervort shall signify in vTi ting his acceptance of all <br /> <br />the terms and conditions provided for herein. <br /> <br />Passed and adopted trlis 21st day of February, 1338, by the follow- <br /> <br />ing vote: <br /> <br />Ayes and in favor of the foregoing resolution, Councilmen, <br /> <br />~~Chr1~tensen <br /> <br />, <br /> <br />E. A. Fletcher <br /> <br />, <br /> <br />Wm. Hohn <br /> <br />Robert N. Jones <br /> <br />, <br /> <br />Geo. W. McNul ty <br /> <br />Paul 1. McCarthy <br />, ---------- <br /> <br />Noes and against the foregoinc" j"esolution, Councilmen, <br /> <br />__-1!.one ..!._____________________, <br /> <br />- ------------, <br /> <br />- ---.--------..--- ........----- , --.---...--------------...------------, ---------------------- <br /> <br />-2- <br />