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\ by re a so n o f th e r e tir e m e n t o f any p ro p e rty removed o r r e t i r e d pu rsuan t to th e p r o v is io n s o f S e c tio n 5x o f t h i s agreem ent. (c ) I f th e le d g e r v a lu e on th e s a le d ate of th e autom otive equipm ent, shop equipment and m a te r ia ls and s u p p lie s t r a n s f e r r e d to th e D i s t r i c t by th e Water Company on th e s a le d a te i s l e s s th an th e le d g e r v alu e of such p ro p e rty owned by th e W ater Company on S e p t­ember 1 , 1 95 2, as s ta te d in sa id S e c tio n 1 (h ) h e r e o f, th e d if f e r e n c e s h a l l be deducted from th e b a s ic p u r­ch ase p r i c e . (d) A ll advance payments f o r w ater s e r v ic e c r e d i t - Water Company on and a f t e r th e s a le d a te . S e c tio n 1 1 . I t i s understood th a t th e W ater Company has o u tstan d in g c o n t r a c ts w ith c e r t a in su b d iv id e rs or a p p lic a n ts f o r w ater s e r v ic e made pursuant to R u le 9 o f i t s sa id R u les and R eg u la­t io n s under which such su b d iv id e rs o r a p p lic a n ts (a) have d e p o site d sums o f money w ith Water Company as advances f o r th e c o n s tr u c tio n by th e Water Company o f c e r t a in w ater m ains, or (b) have a t t h e i r own expense c o n s tru c te d and conveyed to th e Water Company c e r t a in w ater mains to se rv e p r o p e r tie s developed or b ein g developed by such su b d iv id e rs or a p p lic a n ts s u b je c t to refund of th e c o s t pursuant to th e R u les and R e g u la tio n s of th e W ater Company on f i l e w ith th e P u b lic S e r v ic e Com­m issio n o f th e S t a t e o f Nevada. ed to Account 2 6 1 —M isce lla n e o u s U nadjusted C re d its of th e Water Company upon th e s a le d a te f o r w ater s e r v ic e to be t h e r e a f t e r p erform ed, and. th e D i s t r i c t h ereby a g r e e s , e f f e c t i v e on tfre s a le d a te , to c r e d i t a l l custom ers w ith th e amounts o f a l l unused p o r tio n s o f s a id advances f o r w ater s e r v ic e made by such custom ers and c r e d ite d to s a id accou n t as of th e s a le d a te . (e ) That p o r tio n o f any sums o f money d ep o sited w ith th e Water Company as advances f o r th e c o n s tr u c tio n by th e Water Company o f w ater mains under c o n tr a c ts made pursuant to R u le 9 o f i t s sa id R u les and R eg u la­t io n s which th e W ater Company has not expended upon th e s a le d ate f o r th e purposes s ta te d in sa id c o n t r a c t s . Said unexpended sums o f money s h a l l be r e ta in e d by th e j g a tte nt ion Or; MR----------- fflg REFERENCE MR- 2 7 .