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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 and shall be deemed to exclude any of the above mentioned properties whloh are retired subsequent to January 1, 1950. Section 4 t It is agreed that the market vales of the lauds and rights of way mentioned in subparagraph (a) of section 3 a* of January 1, 1950, is 175,900.00, It is agreed that the original coat of all of the structures and facilities referred to in subparagraph (b) of Section 3 hereof as of January 1,1950,is #779,254.00 and that the accrued depreciation thereon as of said date is #108,511.00. It Is further agreed that the m o u n t of working cash and the cost of material & M supplies as of January 1, 1950, are #2,000.00 and #3,000.00, respectively. All of the above amounts less depreciation accrued to January 1, 1950, total #751.643, and for the purpose of this agreement such total is hereinafter referred to as the “agreed value* of the water production facilities as of January 1, 1950. Section 5 i The cost to Second Party of producing, trans­porting and delivering water from the water-bearing lands into the distribution systems of aeeoad Party and water Company shall ba deemed to includes (a) the actual cost to Second Party of labor and .materials used in and directly assigned to such work. (b) A reasonable charge representing the actual cost to Second Party of all labor used in such work not directly as­signed thereto in payroll distribution. (e) A reasonable charge representing the actual cost to Second j party for supervision of such directly and indirectly assigned lets | (&) A reasonable charge representing the actual cost to / Second party of vacation allowances with respect to all labor *5-