Contract 103 



Whereas, it is desired as well by the said party of the first 

 part, as by the said party of the second part, that, immediately 

 upon the completion and equipment of said building, the said 

 party of the second part should be established therein, and 

 should transfer thereto its museum, library and collections, 

 and carry out the objects and purposes of the said party of 

 the second part; 



Now, therefore, it is agreed by and between the said 

 parties as follows, namely: 



First. — That the said party of the first part has granted 

 and demised and let, and doth, by these presents, grant, 

 demise and let, unto the said party of the second part, the 

 said buildings and the appurtenances thereunto belonging, to 

 have and to hold the same so long as the said party of the 

 second part shall continue to carry out the objects and 

 purposes defined in its charter; or such other objects and 

 purposes as by any future amendment of said charter may be 

 authorized; and shall faithfully keep, perform, and observe 

 the covenants and conditions herein contained on its part to 

 be kept, performed and observed, or until the said building 

 shall be surrendered by the said party of the second part, as 

 hereinafter provided. 



Secondly. — That neither the party of the first part, its 

 successor or successors, nor the Mayor, Aldermen and Com- 

 monalty of the City of New York, shall be in any manner 

 chargeable or liable for the preservation of the said building 

 or the property of the party of the second part which may be 

 placed therein, against fire, or for any damage or injury that 

 may be caused by fire to the said property; but it is agreed 

 that, damages as aforesaid excepted, the said party of the 

 first part will keep said building, from time to time, in repair. 



Thirdly. — That as soon after the completion and equipment 

 of said building as practicable, said party of the second part 

 shall transfer to, and place and arrange in said building, its 

 museum, library and collections, or such portion thereof as 

 can be properly displayed to the public therein, and shall have 

 and enjoy the exclusive use of the whole of said building, 



