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PS ^!i •;Xv T 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 sum of ONE ?'THOUSAND' TWO HUNDRED EIGHT - - DOLLARS ($1,308.00) specified in Paragraph 1 of Article I hereof, and the furnishing of such necessary easements, and the furnishing of the policies of title insurance aforesaid, to order the necessary pipe, fittings and other material and upon the arrival of pipe and material afore­said at Las Vegas, to proceed with the installation of said water main along the lines so staked upon the ground by the Subdivider, and to complete the said installation with reasonable diligence. Said water main shall consist of 6” cast iron pipe. Construction of said water main shall not be commenced until the provisions of this subdivision 1 have been complied with. 2, To pay to the Subdivider, at quarterly intervals, thirty-five percent (35$) of the monthly revenue received by it from the consumers located in Lots 1 to 7 and 17 to 23 in Block 25 taking direct service from the water main constructed hereunder for a j o - g ' - S ' period of ten (10) years from date of completio 3n of said installa­tion or until Subdivider has been repaid the actual cost advanced by him (exclusive of the cost of constructing fire hydrant con­nections) 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 1308.00, then and in that event, the Subdivider will pay the excess to the Company, upon demandj if - 3 -