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and 36 of Maps, records of said County, and that portion of Lot 9 of Tract No. 3193, as per map recorded in Book 35, page 79 of Maps, records of said County, more particularly described as a whole in said agreement C.L.D. 15162, excepting therefrom all minerals and mineral rights therein, and reservations of easements for railroad purposes, and easement for extension of sewer line, and subject to other matters as hereinafter more specifically provided, option to commence June 15» 1965> an<^- continue for a period of one year thereafter or until the Purchaser shall have given written notice to the Land Company of its desire to release the option, whichever date occurs first. As consideration for granting of said option, Purchaser to pay to the Land Company semi-annually, on presentation of bill therefor, an amount equal to the general and special taxes, includ­ing any special district levies, payment for which is included therein and collected therewith, assignable to the period during which the Purchaser shall be liable for taxes hereunder, and which taxes are attributable to the option parcel, plus any assessments for public improvements during the term of the option not charge­able to Capital Account. Purchase price of said land is the sum of $512,^31*50> plus any assessments levied subsequent to June 15, 1965> for Public improvements, levied and assessed upon or assignable to the option parcel, which are chargeable to Capital Account of the Land Company. Purchaser shall have the right to exercise option at any time during the term thereof by delivering to the Land Company written notice of its intention to do so, and by delivering into -2-