man000165 20

ppapvp 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 the execution of this agreement, the payment of the sum of TWO THOUSAND SIX HUNDRED EIGHTY DOLLARS ($2,680.00) specified in Paragraph 1 of Article I hereof, and the furnishing of such necessary easements, and the furnishing of the policies of title insurance aforesaid, to order the necessary pipe, fittings and other material and upon the arrival of pipe and material aforesaid at Las Vegas, to proceed with the installation of said water main along the lines so staked upon the ground by the Subdivider, and to com­plete the said installation with reasonable diligence. Said water main shall consist of 6” cast iron pipe. Construction of said water main shall not be commenced until the provisions of this sub­division 1 have been complied with. 2. To pay to the Subdivider, at quarterly intervals, Thirty- Five percent (35$) of the revenue received by it from consumers located within Block 1 of Sunrise Association Stocks Subdivision No. 1 and taking direct service from water mains constructed here­under for a period of ten (10) years from date of completion of said installation or until Subdivider has been repaid the actual cost advanced by him (exclusive of the cost of constructing said fire hydrant connection) whichever first occurs. ARTICLE III. It is mutually agreed: 1, That the water main so installed shall be and remain the property of the Company. -3-