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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 until such time as it has furnished to the Company policies of title insurance required by Subdivision 5 hereof. ARTICLE II, THE COMPANY AGREES: 1. Upon the execution of this agreement and receipt of said Bill of Sale, and such necessary easements for said water lines, and receipt of necessary policies of title insurance, to pay to the Subdivider at quarterly intervals thirty-five percent (35% ) of ttie revenue received by it from consumers taking direct service from water lines installed hereunder for a period of ten (10) years from the date of completion of said installation or until the Subdivider has been repaid the agreed sum of $2,440.00 whichever first occurs. ARTICLE III. IT IS MUTUALLY AGREED: 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 igreement as of the day and year first above written. Lfctest: LAS..YEGAS LAND AND-WATER COMPANY ? A-