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A ' HiB1 1 1 1 1 1 • ? • V - 1 ARTICLE II. 2 The Company agrees: 3 1. Upon the execution of this agreement, the payment of 4 the sum of FOUR THOUSAND FOUR HUNDRED SIXTEEN-^. - DOLLARS 1 5 ($^,416.00), specified in Paragraph 1 of Article I hereof, and the 6 furnishing of such necessary easements, and the furnishing of the 7 policies of title insurance aforesaid, to order the necessary pipe, 8 fittings and other materials and upon the arrival of pipe and 9 materials aforesaid at Las Vegas, to proceed with the installation 10 of said water main along the lines so staked upon the: ground by the 11 Subdivider, and to complete the said installation with reasonable 12 diligence. Said water main shall consist of 6” and 8 ” cast iron 13 pipe. Construction of said water main shall not be commenced until 14 the provisions of this subdivision 1 have been complied with. 15 2. To pay to the Subdivider at monthly intervals, thirty- 16 five percent (35% ) of the monthly revenue received by it from customers of said respective Subdivisions taking water from the 17 I 18 water main so installed hereunder, for a period of ten (1 0 ) years from the date of the completion of said installation, or, until the 19 20 21 Subdivider has been repaid the actual cost of the line so advanced by it, exclusive of the cost of constructing said fire hydrant con­nections, whichever occurs first. 22 23 ARTICLE III. 24 It is mutually agreed: 1. That the water mains so installed shall be and remain 25 the property of the Company. 26 1 -3- 1 A-/zo