upr000143 16

excepting and reserving unto Land Company all minerals and all mineral rights, including oil and gas and rights thereto, without right of entry; Land Company, if Partnership has not completed said building within period of two years, or any extension there­of, after date of delivery of deed, to have the option, within one year thereafter, to repurchase said option parcel for purchase price paid by Partnership, plus the portion of cost of public im­provements paid by Partnership; be, and the same is hereby, rati­fied, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President Ashby and Asst. Secretary Bachman in executing grant deed, LVL&WCo. L.S. Deed Audit No. 4820, dated July 17, 1946, conveying to P. P. Garside and A. E. Cahlan, copartners, a parcel of land, 350 ft. x 75 ft., containing an area of 26,250 sq. ft., located on Main Street, Las Vegas, Nevada, together with that portion of existing spur track located thereon, reserving an easement to LVL&WCo. over the portion of said land lying 10 ft. on each side of center line of said spur track, for operation for railroad purposes over said spur track; subject to: 1 - Taxes and assessments levied on or assessed against said land subsequent to the year 1945; 2 - Conditions, restrictions, reservations, ease­ments and encumbrances of record; excepting and reserving unto LVL&WCo. all minerals and all mineral rights, including oil and gas and rights theretd, without right of entry; consideration ^10.00 and other good and valuable considera­tion; be, and the same is hereby, ratified, approved and confirmed. 4 ' -3-