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man000166-027
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I agree.insurance, to pay to the Subdivider at quarterly intervals, Thirty Five Percent (35%) of the revenue received by it from consumers located in Block 6 of Noblitt Addition taking direct service from 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 $2,783.00, whichever first occurs. 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 parties hereto. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. Attest: LAS VEGAS LAND AND WATER COMPANY ARTICLE III Attest: STEWART OGDEN A£TS., INC. Secretary (SEAL) ' President r -4“