The President
                                                            
                                          July 12,1935
 
                                                            
                   If our offer is acceptable to you, we
will repair and operate  these lines at our expense from
the date of their purchase by us and  will assume that you
will permit us to maintain the lines in their present
location as long as they are required to supply electric 
service to the Val-Kill Shops and other customers located 
on your property.
 
                  If this proposal meets with your approval,
we would appreciate your indicating your acceptance below and
returning this letter to us, whereupon we will send you our
check or checks for the total amount of $1,766.00 made
payable to your order or to Mrs. Roosevelt as you direct.
 
                 We are attaching a second copy of this
letter for your records.
 
                                                     
                                                            
                           Your very Truly,
                 Central Hudson Gas & Electric Coporation
 
                                   By
                            [Ernest R. Acker]
                                                            
                                President
         
E.R.Acker/F
 Enc.
 
 
 Accepted     , 1935