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man000164 173

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man000164-173
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lines so staked upon the ground by the Subdivider, and to complete the said installation with reasonable diligence* Said water main shall consist of 6™ Cast Iron pipe. 2. To pay to the Subdivider at monthly intervals, thirty-five percent (35$) of the monthly recenue received by it from customers located within Pahor Tract Subdivision taking water from the water main so installed hereunder, for aperiod of ten (10) years from the date of the completion of said installation, or, until the 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. ARTICLE III It is mutually agreed: 1. That the water mains so installed shall be and remain the property of the Company 2. Should the actual cost of the installation of said water mains exceed the estimated cost of. $2,710.00 then and in that event the Subdivider will pay the excess to the Company, upon demand, if Slid actual., cost be less than $2,710.00 then the Company will pay to the Subdivider the difference between said estimated cost so advanced and the actual cost. By actual cost is meant the.cost of all material and supplies delivered to the job, the cost of all labor employed in connection with the installation of said water main, the cost of premium on .contractorTs surety bond, Public Liability, Property Damage and Contractors Contractual Liability Insurance, plus ten - 3 - A-9 /