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man000165 139

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Digital ID
man000165-139
Permalink
http://n2t.net/ark:/62930/d12f7mn9x
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Member of
Agreement file volume no. V
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Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries

ARTICLE II, The Company agrees: 1, Upon the execution of this agreement, the payment of the sum of SIX HUNDRED THIRTY-EIGHT DOLLARS ($638.00) specified in Paragraph 1 of Article I hereof, and the furnishing of such necessary easements, and the furnishing of the policies of title insurance aforesaid, to order the necessary pipe, fittings and other material and upon the arrival of pipe and materials aforesaid at Las Vegas, to proceed with the installation of said water main along the lines so staked upon the ground by the Subdivider, and to complete the said installation with reasonable diligence. Said water main shall consist of 6” cdst iron pipe. Construction of said water main shall not be commenced until the provisions of this subdivision 1 have been complied with. 2. To pay to the Subdivider, at quarterly intervals, thirty-five percent (35%) of the monthly revenue received by it from customers taking direct service from water main installed hereunder for a period of ten (10) years from date of completion of said installation or until the Subdivider has been repaid the actual cost advanced by it, whichever first occurs. ARTICLE III. It is mutually agreed: 1. That the water main so installed shall be and remain the property of the Company. 2. Should the actual cost of the installation of said water main exceed the estimated cost of $638.00, then and in that event, the Subdivider will pay the exeess to the Company, upon de- -3-