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man000164-065
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I agree.IS. ? _y-f7.r '?3i>-.. . m ARTICLE II THE COMPANY AGREES: 1. Upon the execution of this agreement and receipt of said hill-of sale, and such necessary easements for said water mains to pay to the Subdivider at quarterly intervals thirty-five (35% ) percent of the revenue received by it from consumers located within Tracts No. 1 and 2 of Park Manor, taking service froi|i the water mains installed hereunder for a period of ten (10) years from the date of completion of said installation, or until the Subdivider has been repaid the agreed upon sum of $9>990*00, whichever first occurs. ARTICLE III IT IS MUTUALLY AGREED: 1. All water mains so installed shall be and remain the property, of the Company. 2. This agreement shall inure- to the benefit of and be binding upon the successors and assigns of the respective partie^ hereto, IN-WITNESS WHEREOF, the parties hereto have executed this agreement as of the day and year first above written. Attest: Witness: ?LAS VEGAS LAND AND WATER COMPANY By, ________________ Vice President Witness Kay Howard William J. Ur, Co-partners. T" A-/f°