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Tlib sewage lines, together with such equipment and additions as have been constructed, will then be conveyed to the party of the second part, and the party of the first part will thereafter have no interest or control in said water and sewer lines. And to carry out said agreement, and as a part of the consideration hereof, the party of the second part, to-wit, City of Mebane, agrees: 1. To furnish water and sanitary sewer treatment for the industrial park area, and to maintain the water lines and the sewer lines in perfect repair and condition. 2. To pay annually to the party of the first part, to-wit, Orange County, all of the income received from water and sewer users who have tapped and are served by the lines both water and sewer to be constructed from the proceeds of the $100,000 bond issue until the said amount of $400,000 principal and the interest thereon which may accrue during the lifetime of the bonds has been paid in full. 3. Further the Town of Mebane agrees to negotiate, if water capacity is available, for extensions of present lines to additional interested users of water and sanitary sewer services. It is understood and agreed that such extensions will be made of the same size pipe as the lines proposed in the engineera' plans, and the cost thereof will be borne by the party of the second part, with the full under- standing and agreement that all revenue received from such extensions will be and belong- to the party of the second part. It is clearly understood an6 agreed that this letter provision does not apply to tap-ons on the lines as shown in the engineers' report referred to in the first part of this agreement. This agreement made. and entered into as of the day and year first above written is executed in duplicate with the clear understanding by both parties hereto that if the proposed bond election on November 8, 1966, abould fail of passage, than this agreement will be null and void; and the party of the first part has caused same to be executed by the Chairman of its Board of County Commissioners, duly attested by its County Administrator and its Clerk to the Board, with the seal of the County attached; and the party of the second part has caused these presents. to be signed in its corporate name by its Mayor, duly attested by the City Clerk and the seal duly attached. Attest: (Corporate Seal) /a/ S. M. Gettis County Administrator /s/ Betty June Hayes Clerk to Board of Com- missionera of Orange County Attest: (Corporate Seal) /s/ Clyde Gardner City Clerk" ORANGE COUNTY By, /a/ H. D. Bennett Chairman, Board of Com- missioners of Orange County CITY OF MEBANE By, /a/ M. G. Walker Mayor There being no further business to come before the Board the meeting was adjourned. S. M. Gettis Acting Clerk Betty June Hayes Clerk Harvey D. Bennett Chairman