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Transcription
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 ARTICLE II. THE COMPANY AGREES: 1. Upon execution of this Agreement and receipt of said Bill of Sale, and such necessary easements for said water lines, and receipt of necessary title guarantees or policies of title insurance, to pay to the Subdivider, at quarterly intervals, Thirty-Five percent (35$) of the revenue received by it from customers located with in said Cadillac Arms Subdivision Tract No, 1, taking direct service from water mains installed hereunder for a period of ten (10) years from the date of completion of said installation or until the Sub-divider has been repaid the agreed upon sum of $16,213,00, whichever first occurs, ARTICLE III, IT IS MUTUALLY AGREED: 1, All water mains so installed shall be and remain the property of the Company, 2. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of the respective parties hereto, IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. -4- mmsaBernm
