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ARTICLE V. <br />This agreement shall constitute an indeterminate <br />permit under and pursuant to the terms and provisions of <br />the Shively- Spencer Utility Commission Act of the State <br />of Indiana, and all acts amendatory and /or supplemental <br />thereto, and in the event of the repeal of said act, this <br />agreement shall extend and continue for and during the term <br />of twenty -five ,years f rom and after the date on which the <br />repeal thereof becomes effective. <br />ARTICLE VI. <br />This agreement shall be binding upon and inure <br />to the benefit of the parties hereto and to their successors <br />and assigns respectively, and shall be in full force and <br />effect from and aft the effective date of a confirming <br />ordinance duly adopted by the Common Council of said "City." <br />IN WITNESS WHEREOF, the parties hereto have hereunto <br />set their hands and seals on the day and year first above <br />written. <br />CITYY OF SOUTH ND <br />By <br />NORTH7BRON, NA E IL +AY, INC. <br />By. <br />President <br />ATTE P• <br />_ �- La <br />Secretary <br />