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upr000093 57

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upr000093-057
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University of Nevada, Las Vegas. Libraries

1 2 3 J\ 4 r5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Section 9» There shall be added to the basic purchase price to be paid by the District upon the sale date the following amounts: (a) All payments made by First Parties, or any them, at any time, and the cost of all material fu^i by First Parties,or any of them, to contractors for work performed during the period, September Jj 1952, to and including the sale date under contracts executed by First Parties, or any of them, with contractors for the con­struction of all additions and betterments to and exten­sions of the water production, storage, transmission and distribution facilities mentioned in subparagraphs (b), (d) and (f) of said Section 1. First Parties, and each of them, hereby assign to the District-, effective upon the sale date, all their rights under all contracts for the construction of such extensions, additions or bet­terments uncompleted on the sale date, and the District hereby agrees to assume, effective upon the sale date,ail obligations and liabilities accruing for work performed subsequent to said sale date under any such contracts which have not been completely performed by all parties thereto on or prior to the sale date. The parties hereto agree to execute and deliver such further instruments and doc­uments to make effective said assignments by First Parties and the assumption of such obligations and liabilities 34