man000205 36

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 2 1 22 23 24 25 26 If the ledger value on the sale date of the automotive equipment, shop equipment and materials and applies transferred to the District by the Water Company on the sale date exceeds the ledges* value of such property owned by the Water Company m Sep­tember 1, 1932, as stated in said Section l(h} hereof, the excess shall be added to the basic purchase price, if the ledger value on the sale date of such property is leas than the said ledger val­ue on September 1, 1952, the difference shall be deducted from the basic purchase price. the Water Company hereby assigns to the District, effect­ive upon the sale date, all amounts charged t® Account 113— Accounts Beeeivafele on 3a^ ***** representing uncollected water accruals, an< the amount thereof shall be added t© the basic purchase price. They* shall be deducted from the basic purchase price advance payments toa water service credited to Account $6l— Mlseellaaeoua unadjusted Credits upon the sale date for water service to be thereafter per­formed, and District hereby agrees, effective on the sale date, to credit all customers with the amounts of all unused portions of ad­vance payments for water service made by such customers credited to said account as of the sale date. 2* is understood that the Water Company has outstanding contracts with certain subdividers or applicants for water service whereby such subdividers or applicants {a) have deposited sums of money with Water Company as advances for the construction of water mains, or (b) have at their own expense constructed and cen­ts,