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Assistant Secretary Bachman in executing LVL&WCo. L. S. Deed Audit No. 5131, dated September 14, 1951, conveying to Henry G. Wesch Lot 18, Block 7, Tract 1867, Yermo, Calif,, subject to; 1 - General and special taxes for the fiscal year 1951-1952; 2 - Conditions, restrictions, reservations, easements and encumbrances of record; 3 - An unrecorded easement across the rear of said lot granted to Southern Sierras Power Company by Las Vegas Land and Water Company under date of April 1, 1928; excepting and reserving unto LVL&WCo. all minerals and all mineral rights, including oil and gas and rights thereto, with­out right of entry; consideration $10.00 and other good and valuable consideration; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt and Secretary in executing agreement W:N ’’L.D. 2502, dated Sep­tember 18, 1951, between LVL&WCo., called ’’Company", and Federal Development Co., called "Subdivider”, providing; 1 - Subdivider, at its expense, to furnish necessary materials and labor to con­struct approximately 972 lin. ft, of 6” cast iron water main and also at its expense install approximately 50 lin. ft. of 6" cast iron fire hydrant con­nections, to serve Westleigh Tract No. 2, Las Vegas, Nevada, at agreed cost of $4,147.00, exclusive of the cost of con­structing said 50 ft. of 6” fire hydrant connections; 2 -' Company to refund to Subdivider 50$ of monthly revenue received by it from con­sumers located within said Tract No. 2, taking service from said water mains for period of 10 years from date of comple­tion of said installation, or until the