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004-025
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4/12/2012 10:58:31 AM
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004-025
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The Gravel Corporation shall keep books showing a complete record <br />of all sand andd, gravel removed from the Owner's premises, w1A ell books <br />sha:±l be open to the inspection of the CYYners at all reasonable hours. <br />The payments of :asi: rentals hereunder of One Dollar per railroad car <br />and Three Cents per cubic yard for gravel otherwise shipped, as herein <br />set forth, shall be paid eacls calendar month v.ithin thirty days after <br />the expiration of said month, and any amount accruing, as minimum annual <br />payment for any lease year shall be payable within thirty days after the <br />expiration of such y�:ar. As to sand and gravel removed from the premises <br />by railroad, pa.(ment shall be made on the basis of the railroad company's <br />records. <br />It is mutually- agreed, and it is one of the considerations for this <br />lease, that the Gravel Corporation may at any time on or after June 25, <br />1951 terminate this lease and all future Iidbilit -.- hereunder, should it <br />in its jud.r_7aent find it inestpedlent or undesirable to carry on further ;ra:lel <br />operations or. t'xe loased pre - iscs; t , , -ivin,- t zrce months' notice of said <br />election so to teridil: te. <br />It is mutually arced 'Uhat the Owners shall have the right during; <br />the aforesaid lease period to make use of the leased premises for pasturage <br />and other agricultural purposes, subject at all_ tiiaes to the rights of the <br />gravel Corporation as .creir sett forth; arid, pro- ri.ded, t'-at no use of said <br />premises by said Owners durin ; the lease term shall be ��ade in a maxiner to <br />interfere v dth taae use of said prem'ses granted the O =ravel Corporation under <br />this agreement. <br />itatherine ?'. 'arder, one of the parties of the first part hereunder, <br />directs that all payments of rentals and royalty rade _.ere-ander by the <br />Gravel Corporation be made to the said Ernest J. 71arder. <br />This a�eezient shall be binding upon the heirs, executors, a.d id-nistra- <br />tors, successors and assigns of the parties hereto. <br />
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