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m a p p e n d i x a BILLING a n d p a y m e n t 26 (a) The W ater D is trict at m onthly in tervals shall pay the s e r v ic e ch a rg es and the ch arges fo r the d e l i v e r y * water ! f any7 in 1and24- bmishauI B *>H ^ for th • 7 B 15th day ° f each calendar m onth a b ill fo r all ch a rges due the im m ed ia tely p reced in g calendar m onth. P aym en t of said b ill shall be due fr o m the Water D istrict not later than the 10th day of the alendar m onth next su cceedin g the m onth of p resen tation of said b ill ce n U l^ T o f are T 1 Paid When dUG’ an in terest chai>ge of one p er H I ^ s e rv lc e ch arges shall be added on the 10th day u l g .Ca?endar m ° nth and of e a c^ su cceed in g calendar m onth until the s e r v ic e ch arges due, including such in terest charge or ch a rg e s, sh all have been paid in fu ll; there shall a lso be added to any b ills w hich a re due and unpaid any penalty or in terest ch arges w hich m ay be due on any unpaid ch arges fo r the d e liv e ry of w ater. (b) F o r billin g p u rp oses only, m onthly s e r v ic e ch a rges due r o m the W ater D is tr ict shall be establish ed at the follow in g tim es and in the follow in g m anner: (1) D uring the initial p e rio d of d e liv e rie s hereunder the m onthly s e r v ic e charge shall be the sum o f $1, 550. 00. Said in itial p e rio d shall be the fir s t year of d e liv e rie s hereunder p rov id ed that BMI and the Water D is tr ict m ay jo in tly ag ree to such sh orter or lon ger initial p e rio d as jwoil p e rm it su cceedin g annual accounting p e rio d s h e r e under to coin cid e with the fis c a l year of BM I. (2) D uring the year next su cceed in g said initial p e rio d , the m onthly s e rv ic e charge shall be the average m onthly s e r v ic e charge during said in itial p e rio d , and th erea fter during each su cceedin g yea r, the m onthly s e r v ic e charge shall be the average m onthly s e r v ic e ch arge during the im m ed iately p reced in g yea r. (3) At any tim e BMI and the Water D is tr ict m ay by agreem en t fix m inim um m onthly s e rv ic e ch arges in any am ount fo r any num ber of months not exceed in g the next su cceed in g six calendar m onths. At the end of said in itial p e rio d and each year th erea fter, BM I shall com pu te, as p rov id ed in P aragrap h 23, the total s e r v ic e ch a rges due fr o m the W ater D is tr ict fo r said initial p e rio d or yea r, and shall a lso A - 10