upr000140 278

\ RESOLVED, that the action of Vice President Strong and Secretary in executing agreement "N"LD 1843, dated November 28, 1947, between LVL&WCo., called ,,Company,,, and Frontier Improvement Company, called ,,Subdivider,,, providing: 1 - Subdivider to pay to Company $1,750, the agreed upon value of 350 ft. of 8 ” cast iron water main, and further at Subdivider's own expense to con­struct 1835 ft. of 8 ” and 340 ft. of 6 " cast iron water main estimated to cost $10,330, to serve Block 2 and portion of Block 3 of South Fifth Street Tract No. 1, Las Vegas, Nev.; 2 - Company to construct 350 ft. of 10" cast iron water main, beginning at a connection with exist­ing 8 " water main at south end of Block 12, Bould­er Addition; thence easterly to intersection of Fifth Street and Oakey Avenue; Company to bear all cost in excess of said agreed upon value of $1,750; 3 - Company to refund to Subdivider 50$ of monthly revenue received by Company from customers taking service from said water main for period of ten years from date of completion of said water main, or until Subdivider has been repaid the sum of $1,750 (the agreed upon value of 350 ft. of 8 " water main), plus the actual cost of construct­ing said 1835 feet of 8 " and 340 feet of 6 " water main, but in no event shall Company refund in excess of a total of $12,080; 4 - Company to own said water mains; 5 - Subdivider to furnish to Company necessary ease­ment covering that portion of said water main to be constructed by Subdivider in other than dedicated streets and alleys, and a bill-of-sale of said pipe lines, including any interest of Subdivider in the 10" water line constructed by Company; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President and Asst. Secre­tary Bachman in executing LVL&WCo. LS Deed Audit No. 4922, dated November 28, 1947, conveying to The Quaker Oats Company Lots 50, -2-