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V provided in the first sentence of this Section 7. Section 8; Second Party agrees to use reasonable dili­gence to maintain and operate all of the water production and trans­portation facilities above mentioned in such condition as to afford a continuous flow of water into the distribution systems of Second Party and Water Company,, Section 9% Second Party furnishes to the Water Company in connection with the construction, maintenance and operation of the distribution system and business of the Water Company, executive, legal, engineering and accounting services performed by officers and employees of Second Party* Water Company agrees to pay to Second Party promptly after the close of each calendar year upon rendition of bill by Second Party to Water Company therefor a reason­able charge representing the actual cost to Second Party for all such services furnished by Second Party to Water Company during said calendar year* Section 10; This agreement shall be binding upon and inure to the benefit of the parties hereto, their successors and assigns. Section 11; It is mutually agreed by and between the parties hereto that that certain agreement dated March 30, 1929 between the First Party and Water Company covering the transporta­tion and delivery of water by First Party to Water Company at Las Vegas, Nevada, identified as First Party*s Contract Audit No. 7322, shall be and is hereby terminated as of December 31, 1949, provided, however, that such termination shall not effect any of the rights -9-