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Transcription
> Section 5* The District shall open a trust fund in the t ;.......................... ............ . Bank of Las Vegas, ^Nevada, on the first day of the month next succeeding the effective date of this agreement and shall deposit therein monthly the sum of , to be held in trust and to be used for the purposes hereinafter stated* Said monthly sum is based upon an estimated one-twelfth (l/l2) of the annual payments of Fifteen Thousand Dollars for a period of twenty (20) years* Section 6 * Upon commencement of construction of the said pipe line facilities and pumping station referred to in Section 2 hereof, the said ? '' • . Bank shall pay to the Union Pacific all amounts deposited in said trust fund, plus interest, if any, and the District shall thereafter pay monthly to the Union Pacific on or before the tenth day of each month the sum of $____________ together with interest at % per annum on the unpaid balances 'until the Union Pacific shall have been reimbursed for the cost of said pipe line facilities and pumping station. 5.
