HomeMy WebLinkAbout011036. in case the Lessee shall fail to pay any install-
ment of rent at the time alien the om:ie shall fall due, in accord-
ance with the provisions of this lease, or shall otilerwise fail
to perform any of the terms and conditions of this lease, and such
default or failure shall continue for a period of sixty (60) days
after written notice and demand, specifyiiig the amount of rent due
or the nature of the default or failure claimed by the City, shall
nave been personally served upon the Lessee, then the City shall
have the right, at its option, to terminate this lease and to re-
sume possession and control of said leased property; Provided,
that in case of any dispute between the parties in respect to the
non-payment of rent or in respect to any claimed default or fail-
ure to comply with the provisions of this lease, no forfeiture
of this lease shall ue declared by the City while the Lessee is
proceeding in good faith to have the point in dispute determined
by any court of competent jurisdictioxi, and Provided, further,
that payment of saia installments of rent shall, at the option of
the Lessee, be suspended for ana during any period or part of
said term during.vrhich said leased property, by reason of the
failure of the City properly to make necessary replacements,
shall fail to function or to supply the Lessee with the quantity
of water which it would supply if such replacements viere made.
7. The City covenants, as lessor, that it, the said
City, if and when requested oy the Lessee, will make, execute and
deliver all assignments and transfers of water rights and water
permits and all other assigmuents and transfers necessary to afford
to the Lessee full enjoyment. of that part of said water -works and
system hereby leased, reserving to the City the first Your ;.Tillion
(4,000,000) gallons of vrater daily from said vrater-works and system.
One City hereby covenants that said water -works and system,
when the big :juilcene Vater extension !?reject is completed, will
carry and aeliver at the point of diversion to the properties of
the Lessee, near the aoutxierly limits of said City, not less
6.