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<br />d.lstributlQll system. It any of the properties heretofore eon~- <br />veye(l to M. ~J. King Company is he.re~~ttf!n'" acqulreel by- the Com- <br />pany, said propertlee ~he.ll be deemed 1;0 be inoluded. in this <br /> <br />agreerl1ent tor all purposes hereof. <br /> <br />:3. It 1s 8.gref;d tha,t the 008 t ()f the ins tallation of <br /> <br />sa-leI life-ter stlpDly and distribution syetemand of any further <br /> <br />iusta,llatlons l'~eferrecl to in section .2 haraQf she_II be refUl1(led <br /> <br />to the Oompany by tileC! ty out of the @~rOtH3 income received <br />rrom the sale of water out of sald water supply and. (llstrlbu- <br /> <br />t iQn aye tem to the owners Qr OOOUp~tnts of property in the pro.- <br /> <br />pertles referred to in aeation 2 hereo:t't in the tollowing <br /> <br />m8.nn@r .and to the following extent: <br />CSt) C1ty will pSlto Company', in s@ml-annual install.... <br />ments, a Btun ~H~ual to twenty per o~nt (20%) ot the agg~egate <br />groas income derived trom 'the sale of w'a.'ter out of said W~tter <br />GJupply and <lis trlbutlon slstem from per'manent tfater connSQ- <br />tlons in the area referred to 1n Section .2 hereof, for a <br />period of twenty-three (23) ;rears from the d.a,te of this agree- <br />rnent or until the Company has received sixty per cen't; (00%) <br />of the costo! s8.1d. lnstal1a.tlona li1 thout lnteres t, whiohever <br />date is sooner, it b$lng specifioally und.erstood and agreed <br />that on the expl1~at1ol1 of s~>ld 23-ye'!;tr period or at the time <br /> <br />, <br /> <br />Company ha@ reeelved 60% of' the eost of any such installations <br />11f1thout irrterer1t (whichever da.ts 1s sooner in point of time) <br />tha t all oblig<~.tion of 01 'by to make any nayments to CompaD.y <br />for said iustallatioDs shall eease. <br /> <br />( (b) auen percents.ge of grans income from the area <br /> <br />herelnbef()'re described. ahall be the sole souroe of pa.yments. <br /> <br /> <br />(a) (~ltl '&'fill at all times k!!H~P 8..oours.te books of' <br /> <br />account of all sales of vlS. tel"' me.de 1<ii th1.nsa,.14. area, l'fhloh <br /> <br />l)ookfi! sha.ll be open for inspecti.on by C~:>mps.n7a.t all rea..aon- <br /> <br />a,PIe times, and. 01 ty 1fl11 furnish to Compa.ny a sta.tement of <br /> <br />the amount of the gross lnoome from Be,l(~s of water in the ctrea <br /> <br />- J-- <br />