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\ nished by First Parties, or any of them, to contractors for work performed during the period, September 1, 1952, to and including the sale date under contracts executed by First Parties, or any of them, with contractors for the construction of all additions and betterments to and extensions of the water production, storage, transmission and distribution facilities mentioned in sub-paragraphs (b), (d) and (f) of said Section 1. First Parties, and each of them, hereby assign to the District, effective upon the sale date, all their rights under all contracts for the construction of such extensions, additions or betterments uncompleted on the sale date, and the District hereby agrees to assume, effective upon the sale date, all obligations and liabilities accruing for work performed subsequent to said sale date under any such contracts which have not been completely performed by all parties thereto on or prior to the sale date. The parties hereto agree to execute and deliver such further instruments and documents to make effective said assignments by First Parties and the assumption of such obligations and liabilities by the District as may be requested by any party hereto. (b) The actual cost of labor and material and other amounts expended by First Parties, or any of them, during the period, September 1, 1952, to and including the sale date for any of said additions and betterments to and extensions of the said water production, storage, transmission and distribution facilities constructed by First Parties, or any of them, with their own forces. (c) The amount charged to investment account by Water Company, or any successor in ownership of its water distribution system, during the period, September 1, 1952, to and including the sale date for additions and betterments to or extensions of its distribution system above mentioned constructed by others under contracts made pursuant to Rule 9 of the Rules and R e g ulations of the Water Company on file with the Public Service Commission of the State of Nevada and conveyed by said others to the Water Company, its successors or assigns. (d) If the ledger value on the sale date of the automotive equipment, shop equipment and materials and supplies transferred to the District by the Water Company tm the sale date exceeds the ledger value of such 2 4 .