HomeMy WebLinkAbout2232 ~ . . . ~ . .
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~ T'hat Opsrating Cv~o~ny may dsvelop,' ~arm aAd ~aaintaia
' . ths land and other lands in tlie vieinity a• a unit.~nd may a8opt t
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any~reaaonable baeie !os psoratinq cost• ae I=etw~san the varfous . ~
~ ownera'of eaid laade. . -
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~'hat Owner hareby granta to Operating Company a lian ~
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~ aqafnet the land described in 8xhibit "A" hereto~ and all crope
~ grown thereon ae security for the pay'aeat of all coets expended, ~
.eervices rendered, and advancements made by Operatinq Co~npany ~in
a~y way relate~l to the lancl. Said liea ehall inure to the benefit` .
~ of Operatinq Company, ite successore or assigns, and ehall be bind---
ing upon Owne=, Ms hefra, succes8ose and aseiqne. Said lien shall
. ~ be enforcea]~l$-by an action in equity or st law.
~ . VII '
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~ T'hat the burdeae upon tba land creatad by~ the provieione . .
: of paraqra?ph Pl=I hereinbelo~r are expresaly made ~ for the benefit .
~ ~ of the lande deacribed in $xhibit "C". attached hereto and ma~de
a part hereof by reference, ~hich a=e or will be operated under ~ ~
. a similar mgieement. The cavenants~ coAditions and agreemants ~
contained i~n said paraqraph VIII are intended to be an~d are caven-~-.
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~ ants running with the land enforceable by each o! the aa~nira of -
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land described in $xhibit "C" nnd by their heirs,~ eucceesoss ar~d =
as~igns. This Agreement is bindinq upon the Ownei, his heire,
` euccessore and t?ee~gns during the term hereof and thereatter !o= ~
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r~ so lonq as euma awecl to Operating C~any by.Owner have not been
. . paid or acts to be perlormed by Owt~er have not besa parforase8.
. . VIII . '
T'hat Owner ahali qrant and convey #.o Operati~q Ccm~aay,,
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i or, at Operating Company' s aption, to St. Luci.s Mutual 1~ater Co.
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` • os any ot~er coopsrativs noa-profit water caapaay desiguatea by ~
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~ ~ Opsratia9 Coia~anY. bersina~ter referred to aa "~atsr ca~apaAy" • - :
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