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I t • ARTICLE II. THE COMPANY AGREES: I* Upon execution of this Agreement and receipt of said Bill of Sale, and such necessary easements for said water lines, anjl receipt of necessary title guarantees or policies of title insur­ance, to pay to the Subdivider jointly at quarterly intervals, Thirty-Five Percent (35%) of revenue received by it from consumers located within Judy Rich Tract and adjacent to water mains to be constructed in Industrial Road and St* Louis Street, taking direet service from water mains installed hereunder for a period of ten (10) years from the date of completion of said installation or until the Subdividers have been repaid the agreed sum of $18,765*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* 3* This Agreement shall inure to the benefit of and be bind •ing upon the successors and assigns of the respective parties heretj) IN WITNESS WHEREOF, the parties hereto have executed this Agreement, as ofrthe day' and year first above written* Attests LAS VEGAS LAND AND WATER COMPANY Secretary Attest: Vice President JUDY RICH ENTERPRIZES, INC. *£ Secretary Witjiessr d - .----- yj By 1 ^ ' M % I1/ *1 ?J 'j President o . j . sfei[ERER7’ dba 0. J. SCHERER COMPJ