Section 9
SEC. 9. Before such said property described in section de one shall be sold or leased, the definite boundaries thereof shall be accurately ascertained, and the property so sold or leased shall be so described in the conveyance selling or leasing the same. The land occupied by said property and appurtenant thereto, together with the buildings situated thereon and the property and equipment used in maintaining and operating the plant, shall be duly appraised by a committee of three persons to be appointed by the Governor-General, and such said appraisal shall be used together with the net annual profits of the operation of the plant as a basis of determining the sale price of said property, or if leased, of the annual rental of said property, which shall include the rental of said real estate so occupied by said plant and all appurtenances and equipment thereto belonging. In determining what appurtenances and equipment are sold or leased a schedule thereof shall be made which said schedule shall become a part of the contract of lease or sale, and such property, vehicles, equipment, and other articles included in such contract of sale or lease shall be inventoried so that such articles and property may be properly identified at the expiration of said lease. If any such property or vehicles are worn out in the service, or are no longer existing, then an inventory of such property or vehicles as have been substituted for such property or vehicles shall be made from time to time, as such substitute property or vehicles shall be acquired; and a schedule thereof shall be made at the expiration of said lease and a proper inventory of the value made. If such property be not substituted in kind and value, then the lessees upon the expiration of said lease shall pay the difference in value thereof in money.