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4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22. 23 24 25 26 THE COMPANY AGREES: 1. Upon the execution of this agreement and receipt of said bill of sale, and such necessary easements for said water mains, to pay to the Subdivider at monthly intervals, fifty percent (50$) of the monthly revenue received by it from consumers located within Blocks 3 and 4 of said Ridge-view Tract 3, taking service from the water mains installed hereunder for a I I period of ten (10) years frcm the date of completion of said installation, or until the Subdivider has been repaid the agreed upon actual cost of installing said water mains, not to exceed, however, the' sum of $2,789.00 whichever occurs first; IT IS MUTUALLY AGREED: ARTICLE 111 1. All water mains so installed shall be and remain the property of the company. 2. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of the respective parties hereto. IN 'WITNESS WHEREOF, the parties hereto have executed this agreement as of the day and year first above written. Attest: LAS VEGAS LAND AND WATER COMPANY Secretary Vice President A -87
