﻿Contract 
  8 
  1 
  

  

  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, 
  

  

  