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man000162 155

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man000162-155
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# I • IP-i- IO' W.fiLm ,1M I 1 6. To furnish a bill-of-sale for said pips lines, conveying 1 2 to the Company all right, title and interest in said pipe lines free and 3 clear of all liens. 4 ARTICLE II 5 The Company agrees: 6 1. Upon execution of this agreement and reeeipt of said 7 bill-of-sale, detailed statement of actual cost of constructing said vater 8 mains and such necessary easements for said pipe lines, to pay to the Sub- 9 divider at monthly intervals fifty percent (50$) of the monthly revenue re- 10 ceived by it from consumers in Blocks 1, 2 and the north half of Block 3 1 1 taking vater from the vater mains so installed hereunder for a period of ten s&tJr $0,/-f. 12 (10) years from date of completion of said installation, or until the Sub- 13 divider has been repaid the actual cost of said mains, whichever occurs first; 14 provided, however, said refunds shall in no event exceed the sum of Seventeen 15 Thousand Seven Hundred Ninety Dollars ($17,790.00). . 16 ARTICLE III. 17 The Subdivider proposes to construct, some time in the future, 18 additional 6" cast iron vater mains in location substantially as indicated 19 by dash yellow line on said Exhibit "A", subject to the conditions set forth 20 in Section 2 of Article I hereof. The estimated cost of constructing said 21 additional lines is Fourteen Thousand Five Hundred Dollars ($14,500.00). 22 It is mutually agreed that upon completion by the Subdivider of 23 said additional vater mains, the Subdivider shall furnish to the Company a 24 detailed statement of the actual cost thereof, bill-of-sale therefor and 25 easements, ten (10) feet in width, where such additional vater mains are to 26 be laid in other than dedicated streets and alleys. - 3 A-3!