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man000163-142
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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 mains, to pay to the Subdivider at monthly intervals fifty percent (50$) of the monthly revenue receivedty it from consumers in said tract taking water from the water mains so installed hereunder Tor a period of ten (10) years from the date of completion of said installation, or until the Subdivider has been repaid the agreed upon cost of $12,927.60, whichever occurs first; ARTICLE III. IT IS MUTUALLY AGREED: *0 #g| 1. All water mains so installed shall be and remain the | property of the Company. 2. This agreement shall inure $6 the benefit of and be IV . ... \j binding upon the successors and assigns of: the respective parties hereto. .........i ....... ----- IN WITNESS VtoEREOF, the parties hereto have executed this agreement as of the day and year first above written.
