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^ easterly end of this Company's Las Vegas Ranch, to serve Army Air Field at McCarran Field, Las Vegas, Nevada; term five years commencing August 1, 1948, and ending July 31, 1953; rental $25 for the term; subject to termination by either party upon 60 days’ written notice; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt in exe­cuting lease C. L. D. No. 8908, dated December 1, 1948, with J. M. Robertson, J. B. Kitt and L. L. Bendinger, doing business as Signal Pipe Line Construction Company, covering site at Signal Hill, Calif­ornia, for automobile parking; term beginning November 1, 1948, and extending to November 1, 1950; rental $120 per annum, payable semi­annually in advance; subject to termination by either party upon thirty days’ written notice; 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 C. A. No. 10457, dated December 13, 1948, between LVL&WCo., called ^Company", and Richard Toleno, doing business as Tee Construction Company, called "Subdivider”, providing: 1 - Subdivider to pay to Company $2,670, estimated cost of 700 ft. of 6” cast iron water main to serve portion of Block 9, Mayfair Tract No. 2, Las Vegas, Nevada; 2 - Company to refund to Subdivider 50$ of monthly revenue received by it from customers located on Lots 5 to 17, inclusive, in said Block 9 taking water from said.water main for period of ten years from date of completion of said installation, or until Subdivider has been repaid actual cost of said line; 3 - Company to own said water main; 4 - Subdivider to furnish necessary easements where said water main is to be laid in other than dedicated streets and alleys; 2-