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1 2 5 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Seotion 10. There shall he deducted from the basic pur chase priee to be paid by the District uj^on the sale date the fol­lowing amounts: (a) The unrefunded amounts subject to refund as of the sale date under all contracts made by the Water. Company, or its successors in ownership^ of its said distribution system, pursuant to Rule 9 of the said Rules and Regulations of the Water Company or its sue** eessor or similar rules contained in the Rules and Regu­lations of the Water Company previously on file with the Public Service Commission of the State of Nevada. (b) Except as hereinafter stated, the cost, deter­mined as hereinafter provided, less the depreciation aeerued thereon as of September 1, 1952, of any property mentioned in subparagraphs (b), (d), (e), (f) and (g) of Section 1 hereof which was retired subsequent to September 1, 1952, and prior to the sale date. In the case of sueh property owned either by the Water Company or the Railroad Companies on September 1, 1952, said cost is to be determined by using the book cost of such property and depreciation thereon as recorded in said above mentioned books of account. Notwithstanding the provisions of this subparagraph (b) no deduction shall be made from the basic purchase pr: by reason of the retirement of any property removed or retired pursuant to the provisions of Section 5 of this agreement. 3 8