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Show MERRIMACK RIVER COMPACT 215 " (b) In the construction and maintenance of such reservoir or reser- voirs, the area which may be flowed thereby, when full, shall be cleared of buildings and of such trees, brush, and underbrush as from time to time may be damaged or killed by such flowage; borrow pits or banks, other excavations or unused accumulations of material and debris, shall be leveled, graded, masked, removed or otherwise dis- posed of in such a way as to leave no holes or other unsightly condi- tions therein; all water pockets shall be properly drained; and the premises affected by such flowage shall be landscaped in such manner as may reasonably preserve the natural condition of such premises before such construction, except as the same necessarily may be changed thereby. "(c) The lands, easements and rights of way hereby leased shall be exempt from all taxation; but the said Commission shall make pay- ments on or before the first day of October of each year to each town in which such lands, easements and rights of way, respectively, are located, of a sum equal to the taxes which would have been assessed against the said lands, easements, and rights of way in such town if the same had been included in the list of taxable property for such year, at the assessed valuation of the same as determined for the tax year 1936. Provided, however, that no payment shall be made or re- quired hereunder on account of reimbursement for loss of taxes on any structure which may be erected on such premises in connection with the construction or use of said project; or on account of any railroad or other public utility which may be relocated under the terms of this compact and which thereafter is included in the list of taxable prop- erty in said town when relocated. "(d) The lands, easements and rights of way herein described are leased and demised solely for the purpose of flood control, and for no other purpose, and the said lessor hereby excepts from this lease and reserves unto itself all benefit or advantage of water conservation, power storage or power development that may be inherent in such reservoir site, with the right, at such time as it may determine and upon compliance with the requirements of the United States respecting the adjustment and payment of any added construction cost by reason of the type of construction adapted for that purpose, and the assump- tion and payment of the cost of acquiring any additional lands, ease- ments and rights of way necessitated by such additional development, and the full preservation of the principal purpose of flood control, to develop the same in such manner and for such purpose as may be essential to the full beneficial use thereof. " (e) The term of said lease shall be for the period of nine hundred and ninety nine years, subject only to be defeated by a breach of the terms of the conditions in this article set forth. "article viii "The cost of acquisition of lands, easements and rights of way, as used or referred to herein, shall be deemed to include the cost of: "(1) The purchasing or condemning of lands, easements and rights of way of every kind and nature required or essential in the construc- tion, development, operation, and maintenance of such reservoirs as an effective agency for flood control, and including, among other |
