Kings, in the State of New York, that he is the Secretary of the said New York Municipal Railway Corporation, and that he subscribed his name thereto by like authority; and both the said Timothy S. Williams and Harry A. Bullock that they know the seal of the said New York Municipal Railway Corporation and that the same was affixed to the foregoing agreement by the authority of the Board of Directors of the said New York Municipal Railway Corporation and of a resolution duly adopted by said Board. -[Notarial Seal] HOWARD A. BUTLER RULES FOR THE CHIEF ENGINEER'S DETERMINATIONS OF COSTS UNDER CONTRACT NO. 3 AND CONTRACT No. 4 AND THE RELATED CERTIFICATES. (I) The determinations of the Engineer are to be compiled under the supervision of the Deputy Engineer of Subway Construction, by the Estimates Division, from Statements of Costs covering the various items making up such costs. The Costs referred to are the Cost of Construction and Cost of Equipment classified under the several groups mentioned in the contracts and the related certificates; as for example: Cost of Construction of the Railroad. Cost of Equipment of the Railroad. Reconstruction of existing railroads for initial operation: Cost of Construction. Cost of Equipment. Additional Track Certificates: Actual cost of plant and structure. Actual cost of Equipment. Cost of construction of additions: Cost of additional equipment. Etc., etc., etc. Under each of the above groups the charges shall be further classified according to the items mentioned in the definitions of Cost of Construction and Cost of Equipment; as for example: Labor and materials. Real estate. Debt discount and expense. Etc., etc., etc. (II) Such statements of Costs are to be prepared and certified to by the following bureaus and divisions of the Public Service Commission: (A) Equipment Inspection Bureau. This bureau will certify to all Equipment charges with respect to (1) Labor and materials, (4) or (5) Lessee's superintendence, engineering, etc. (allocated and unallocated), and Interest, Taxes, etc., susceptible of allocation to and chargeable to any specific Equipment item in accordance with the Uniform System of Accounts. The bureau will assign and check Specific Authorizations to the Company covering any Equipment work, as hereinafter described. (B) Estimates Division. This division will certify to construction charges of the Railroad (not otherwise specifically provided for) with respect to (1) Labor and materials, (4a) City's superintendence, engineering, etc. (Engineering Department salaries, and disbursements), (5) Lessee's superintendence, engineering, etc., in connection with the above Railroad construction charges (allocated and unallocated), and Interest, Taxes, etc., susceptible of allocation to and chargeable to any specific Construction item in accordance with the Uniform System of Accounts. |