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N n ish ed by F i r s t P a r t i e s , or any o f them, to c o n tr a c to r s f o r work perform ed during th e p e r io d , Septem ber 1 , 1952, to and in c lu d in g th e s a l e d a te under c o n tr a c ts execu ted by F i r s t P a r t i e s , or any o f them, w ith c o n tr a c to r s f o r th e c o n s tr u c tio n o f aljL a d d itio n s and b e tte rm e n ts to and e x te n s io n s o f th e w ater p ro d u ctio n , s to r a g e , t r a n s m issio n and d is t r i b u t i o n f a c i l i t i e s m entioned in su b - paragrap hs ( b ) , (d) and ( f ) o f sa id S e c tio n 1 . F i r s t P a r t i e s , and each o f them, h ereby a s s ig n to th e D i s t r i c t , e f f e c t i v e upon th e s a le d a te , a l l t h e i r r ig h t s under a l l c o n t r a c ts f o r th e c o n s tr u c tio n o f such e x te n s io n s , a d d it io n s or b e tte rm e n ts uncom pleted on th e s a le d a te , and th e D i s t r i c t h ereb y a g re e s to assum e, e f f e c t i v e upon th e s a le d a te , a l l o b lig a tio n s and l i a b i l i t i e s a c cru in g f o r work perform ed subsequent to sa id s a le d a te under any such c o n tr a c ts which have n ot been co m p letely perform ed by a l l p a r t ie s th e r e to on or p r io r to th e s a le d a te . The p a r t ie s h e re to a g ree to e x e cu te and d e liv e r such f u r t h e r in stru m en ts and documents to make e f f e c t i v e sa id assig n m en ts by F ip s t P a r t ie s and th e assum ption of such o b lig a tio n s and l i a b i l i t i e s by th e D i s t r i c t as may be re q u e ste d by any p a rty h e r e to . (b) The a c tu a l c o s t o f la b o r and m a te r ia l and o th e r amounts expended by F ip s t P a r t i e s , o r any o f them, durin g th e p e r io d , Septem ber 1 , 1 9 5 2 , to and in clu d in g th e s a le d ate f o r any o f sa id a d d itio n s and b e tte rm e n ts to and e x te n s io n s o f th e sa id w ater p ro d u ctio n , s to r a g e , tra n s m is s io n and d is t r i b u t i o n f a c i l i t i e s c o n s tru c te d by F i r s t P a r t i e s , or any o f them , w ith t h e i r own f o r c e s . (c ) The amount charged to in vestm en t accou n t by W ater Company, o r any s u c c e s s o r in ownership o f i t s w ater d is t r i b u t i o n system , during th e p e rio d , Septem ber 1 , 1 9 5 2, to and in c lu d in g th e s a le d a te f o r a d d itio n s and b e tte rm e n ts to or e x te n s io n s o f i t s d is t r ib u t io n system above m entioned c o n s tru c te d by o th e rs under c o n tr a c ts made pursuant € 0 R u le 9 o f th e R u les and.R egu la tio n s of th e W ater Company on f i l e w ith th e P u b lic S e r v ic e Commission o f th e S t a t e o f Nevada and conveyed by sa id o th e rs to th e Water Company, i t s s u c c e s s o r s or a s s ig n s . (d) I f th e le d g e r v alu e on th e s a le d ate o f th e autom otive equipm ent, shop equipment and m a te r ia ls and s u p p lie s tr a n s f e r r e d to th e D i s t r i c t by th e Water Company th e s a le d a te exceed s th e le d g e r v a lu e o f such REFERENCE z g AT^NTION 0>m 24.