upr000139 273

February 23, 1951, conveying to Ceco Steel Products Corpora­tion Lot 47, Union Pacific Tract, Los Angeles, Calif., subject to: 1 - General and special taxes for the fiscal year 1950-1951; 2 - Conditions, restrictions, reservations and easements of record; excepting and reserving unto LVL&WCo. all minerals and all mineral rights, including oil and gas and rights thereto; 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 nN nL.D. 2437, dated March 2, 1951, between LVL&WCo., called "Company", and Vera I. Love, called "Subdivider", providing; 1 - Subdivider, at its expense, to furnish necessary materials and labor and to con­struct approximately 984 ft. of 6" and 8” cast iron water main, including 122 ft. of 6" fire line, to serve the Lawrence Love Tract, Las Vegas, Nevada, at cost of $2,990 (exclusive of said 122 ft. of fire 1ine); 2 - Company to refund to Subdivider 50^ of monthly revenue received by it from con­sumers located upon Lots 1 to 20, inclusive, of said tract taking service from said water main for period of ten years from date of completion of said installation, or until Subdivider has been repaid the actual cost of constructing said line (excluding the said 122 ft. of fire line), but in no event shall the sum so repaid exceed $2,990, whichever occurs first. -2-