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Digital Provenance
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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 construction of the pipe line covered by Subdivision 1 hereof until such time as it has furnished to the Company policies of titlo insurance required by Subdivision 5 hereof, ARTICLE II. THE COMPANY AGREES: 1. Upon execution of this Agreement and receipt of said Bill of Sale, and necessary easements for said water lines, And; rjecbipt of necessary policies of title insurance, to pay to the Subdivider at quarterly intervals thirty-five percent (35%) of the revenue received by it from consumers located on Lots 9, 10, 11, and 29 to 34, inclusive, Block 8, Mayfair Tract No. 2, taking service from the water lines installed hereunder for a period of ten (10) years from the date of completion of said installation or until the Subdivider has been repaid the agreed sum of $1,440.00, 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* as,sign&-Of the respective parties hereto. j IN WITNESS WHEREOF, tbje parties hereto haye executed this agreement as of the day and yeaT*~f±rst- ahove-written.
