HomeMy WebLinkAbout0615 ;
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tt?e land+ ~d psrform such ae~cvicas a• in' its judc,~ment aro ~
. ' neceeeary ia connection thereWith. Operating company may
. perform the dutie• and services enumerated herein diYectly or
' may contract for any or all services, materiala and equipaaent.
Operatfaq Company 18 authori~ed to and may commence planting~
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daveloping, operatinq and maintaininq citrua groves on the land
~ ' inm~ediately upon the execution of thie Agreemeat.
, III
- That Operatinq Company ehall bill owner for, and Owner
ehall pay~ mont~ly, ca~encinq one month from tbe date of the ~
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execution of this Agreement, all costs incurred by Opeiratinq ~
~ Company in performinq its dutfee ~e set'foYth above. Said coete
ehall include, but are not limited tos imtereat at the rate of ~
~ 696 per annum upon sums expended by Operating Company~ or euch rate
of intereet in excees of b9b per ann~aa ae is from t3me to time required ~
to be paid ~i~ ~perati~nq Company for the purpoee of performinq its f
abliqatione under the Agreement= all operating, development, main#.en-
ance, farming and other costs incurred by Operatinq Company= deprec-
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iation upon buildings and equipn~ent owned by Operating Company, t
and supervieion expensee; a cha=qe sepresenting Opesatinq Co~apany'e ~
adminiatrative, equipment and all other overhead expenees with
reepect to performance of Ogeratinq Compauy'e dutie• as eet forth
above.
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• T'hat Owner shall, for the duration of thi~ . Ag~ceement+
market all crops upon the land through Operatiaq Cvm~any in ~
~ ~ accordance with Operatinq Company'e standard marketinq~aqreement,
' a copy of w'hi~h ie attached,bereto as gxhibit "B" and made a.part
hereof by reference.
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T'hat Operatiuq Company may develop, farm ar~ maintain
} ~ the land-and other lando in the vicinity a~ a tusit aad may adopt ~
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any reasonable basis for proratiaq voete as betw~en the v~uciou~
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