This appeal brings under review a decree construing the terms of a written instrument and adjudicating the rights and obligations of the City of Roanoke and the Town of Vinton thereunder. The instrument reads as follows:
"This Deed, made this 16th day of February, 1914, between the Vinton-Roanoke Water Company, Incorporated, of the first part, and the Town of Vinton, of the second part;
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