upr000068 50

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 If the ledger value on the sale date of the automotive equipment, shop equipment and materials and supplies transferred t© the District by the Water Company on the sale date exceeds the ledger mine of such property owned fey the Water Company on Sep- temper 3 1958, aa stated in said Action 1(h) hereof, the excess shall fee added to the basic purchase price, if the ledger value on the sale date of such property is less than the said ledger val m m September 1, 1958, the difference shall fee deducted from the basic purchase price* file Water Company hereby assigns t© the District, effect ire upon the sale date, all amounts charged to Account 113*-Aeeouat^ Receivable on said date representing uncollected eater accruals, the amount thereof shall be added to the basic purchase price. The shall be deducted from the basic purchase price advance payments jtaf water service credited t© Account fSl—Miscellaneous Unadjusted Credits upon the sale date for water service b© fee thereafter per­formed, and District hereby agrees, effective on the sale date, t© credit all customers with the amounts of all unused portions ©f ad­vance payments for water service made by such oust ©cars credited to said account as of the sale date. It is understood that the Water Company .has outstanding contracts with certain subdividers or applicants for water service whereby such subdividers ©r applicants (a) have deposited sums ©f money with Water gammy as advances for the eonatruetlon ef water malms, #r (fe) have at their own expense constructed and. con- REFERENCE: 0) I <3»S li—---— So ATTENTION: K co I £« Lir.--------—- ~ T J