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Copyright & Fair-use Agreement
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Union Pacific shall enter into an agreement with the BANK OP NEVADA, of Las Vegas, Nevada, providing for the opening of a trust fund to be held in trust by said bank and disbursed pursuant to instructions given the Bank in said agreement for the purposes hereinafter stated. On the first day of the month next succeeding the sale date and on the first day of each month thereafter for a period of twenty (20) years, subject to the provisions of Sections 7 and 10 hereof, the District shall deposit with the said Bank in said trust fund the sum of Twelve Hundred Fifty Dollars ($1,250.00). Section 7» In the event the new pipe lines and pumping station shall be constructed by the District' and the said existing pipe lines removed by the District as provided in Section 2 hereof, upon the completion of the construction of said new pipe lines and the removal of said existing pipe lines, the trust fund established pursuant to the provisions of Section 6 hereof shall be terminated, and any moneys therein shall be turned over to the District. In the event the said new pipe lines and pumping station shall be constructed and the said existing pipe lines removed by Union Pacific as provided in Section 3 hereof, the said Bank of Nevada shall pay to the Union Pacific, upon the commencement by Union Pacific of the construction of said new pipe lines and pumping station, all amounts then deposited in said trust fund plus interest, if any; and thereupon the obligation of the District to make payments into said trust fund as provided in Section 6 hereof shall terminate. Thereafter the District shall pay monthly to the Union Pacific on or before the tenth day of each succeeding month the sum of Twelve Hundred Fifty Dollars ($1,250.00) until Union Pacific shall have been reimbursed for the entire cost of constructing said new pipe lines and pumping station and removing said existing pipe lines plus interest on unpaid balances thereof at the rate of four (4) per cent per annum. Until the District shall have paid Union Pacific in full the amounts required to be -7