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(d) The actual cost to the City of any and all of the replace-
ments referred to in clause (c) of this paragraph, including all
reasonable and proper engineering expense (but not in excess of
the total reasonable cost of making, said replacements) shall be
advanced by the Lessee and shall be made available to the City from
time to time as funds are required for the payment of said costs,
all as hereinafter provided.
For all purposes of this paragraph 4, the term "City's
Engineer" shall. mean any duly qualified civil engineer of the
requisite training and experience to engineer and supervise work
of the kind and character herein contemplated, selected and
specially employed by the City for any purpose or purposes set
forth in said paragraph. All replacements provided for in this
paragraph shall be made under the supervision and direction of
the City's Engineer.
As funds are required to be disbursed by the City under any
contract duly entered into by the City with respect to making of
replacements as above provided, the same shall be evidenced by
certificate signed by the City's Engineer duly certifying (1)
the amount or amounts required, (2) the parties to whom the same
are payable, (3) that the charges have been incurred under con-
tract duly entered into by the City and that the payments proposed
to be made are in accordance with the terms of such contract, and
(4) that said charges constitute a proper item or items of the cost
of making the required replacements. Upon receipt of any such
certificate duly made, signed and certified by said Engineer, the
Lessee will, within five (5) days thereafter, pay to the City the
amount or amounts therein certified, and the City will forthwith
disburse such amounts to the parties and for the purposes so certi-
fied.
All amounts advanced by the Lessee to the City pursuant to the
terms of this clause (d) shall be credited against the rentals
provided under this lease last falling due and not theretofore
absorbed by the cost of replacement theretofore advanced by the
Lessee under the terms of this clause.
5. The rent to be paid by the Lessee under this lease shall
be as follows; namely:
The rental for each year of the term of .this lease shall be
fifteen thousand (.k15,000.00) dollars, which rental shall be paid
in semi-annual installments of seven thousand rive hundred
(�7,500.00) dollars, the first installment to be paid at the time
of the comriencement of this lease, as provided in paragraph 2
hereof, and the succeeding installments to be paid semi-annually
thereafter during the said term, provided that the Lessee shall
have the right at any time to prepay any installment or install-
ments of rental, or fraction thereof, all such prepayments to
apply to rentals not theretofore prepaid and last falling due.
6. In case the Lessee shall fail to pay any installment
of rent at the time ^;hen the same shall fall due, in accordance
with the provisions of this lease, or shall otherwise 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, specifying the amount of
rent due or the nature of the default or failure claimed by the
City, shall have been personally served upon the Lessee, then
the City shall have the right, at its option, to terminate this
lease and to resume possession and control of said le:.:sed