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, <« . • • 1 ARTICLE II. 2 THE COMPANY AGREES: 3 1. Upon execution of this agreement and receipt of said 4 Bill of Sale, and such necessary easements for said water lines, 5 and receipt of necessary title guarantees or policies of title 6 insurance, to pay to the Subdivider, at quarterly intervals, Thirty- 7 Five percent (35%) of the revenue received by it from sale of water 8 to consumers taking direct service from said water mains installed 9 hereunder for a period of ten (10) years following date of com- 10 pletion of said installation or until the subdivider has been repaid 11 the agreed upon sum of $2,842.00, whichever first occurs. 12 ARTICLE III. 13 IT IS MUTUALLY AGREED: 14 1, All water mains so installed shall be and remain the 15 property of the Company. 16 2. This Agreement shall inure to the benefit of and be 17 binding upon the successors and assigns of the respective parties 18 hereto. 19 IN WITNESS J . ^ p a i i ^ ' ^ s hereto have executed this 20 Agreement as of tfie^kay and year* f-ir‘st abovff written. 21 Attest: J wbiOAKj % f6 p;crm oiJjAB VEGAS LAND AND WATER COMPANY 2 2 23 24 25 ~ -• ' Vice President (SEAL) 1 c/ .. j Attest;1 / / ' 1 PRESBYTERIAN CHURCH OF LAS VEGAS, j ^ j INC. — S Y r — — ?' dv 26 ~ £ \ _ J Secretary • /President. (SEAL) / 7p f , , j —4 — 1 111
