Information
Details
More Info
Transcription
installation of said water main along the lines so staked upon the ground by the Subdivider, and to complete the said installation wit reasonable diligence. Said water main shall consist of Slx inch Cast Iron pipe, 2, To pay to the Subdivider at monthly intervals, fifty percent [50%) of the monthly revenue received by it from customers located within the area outlined in red, as ahovn on the' map hereto attached taking water from the water main so installed hereunder, for a per- K'-JZS' -S'/ iod of ten (10) years from the date of the completion of said installation, or, until the Subdivider has been repaid the actual cos of the line so advanced by it, whichever occurs first. ARTICLE III It is mutually agreed: 1. That the water mains so installed shall be and remain the property of the Company. 2. Should the actual cost of the installation of said water mains exceed the estimated cost of $ 2,020.00________ tnen and in that event the Subdivider will pay the excess to the Company, upon demand, if said actual cost be less than $ 2,020.00___ then the Company will pay to the Subdivider the difference between said estimated cost so advanced and the actual cost. supplies delivered to the job, the cost of all labor employed in connection with the installation of said water main, the cost of premium on contractor’s surety bond, Public Liability, Property Damage and Contractor’s Contractual Liability Insurance, plus ten percent (10%) for supervision and overhead. By actual cost is meant the cost of all material and 3.
