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Pioneer Title Ins. & Trust % Go* -3- April lh, 1953 and I feel that he thoroughly understands the® and has stated to me that he will conform therewith. 3. To stake water lines. t>. To furnish easements where necessary. 5. To furnish Bill of Sale, conveying title to the water mains to the Las Veg&s Land and Water Company. The Company Agrees: Upon execution of this agreement and receipt of said Bill of Sale and necessary easements for said water lines, to pay to the subdivider, at quarterly intervals, 35* of the revenue received by it from customers taking direct service from s&ld water lines installed here­under for a period 10 years from date of completion of said installation or until the subdivider has been repaid the agreed sum of $2,M4o, If the above proposal is satisfactory to you, as trustee, will you please Indicate your acceptance in the space provided on the carbon copy of this letter, which is sent you in duplicate, and return to me? Very truly yours, LHM/dm Enc. ACCEPTED this day of________________ ,1953 LA.c tiH»n gM aGaegneral Manager