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thereto o f i^tirenemte thereof subtle a® provided In Ssctiou 2 hereof, lees m m m M depreciation on suoh property, after allowing in each computation for Federal income taxes at the retoe In effect fro® time to time upon that portion of the h a n t m m of Second Forty eoaeistisig ®f the production, tran®- portation and delivery of such water. Section S. Second Forty shall Inetmll utters at appropriate point® is the pipe line® through which water produced fro® the water hearing lands is transported and delivered Into the dl etrlbutlcm systems of Second party end Water Oompeiiy so as to record separately the water delivered to the water Company and water delivered into the district!on eyste© of Second Party. Section 6 . Water Company shall pay monthly to Second Party promptly after rendition of M i l therefor, that portion of the coat to Second Party of producing, transport­ing said delivering water, computed as provided in section 4 hereof, that the amount of water delivered to the later doss*- p&ny in the preceding calendar month hears to the to ai amount of water delivered in such month to Water Company and Second Party* lection ?. Second Forty agrees to use reasonable diligence to 'maintain and operate all of the water production and transportation facilities above mentioned In such condition