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OFFICERS AND DIRECTORS TH O M A S A . CAMPBELL PRESIDENT SPENCER L. BUTTERFIELD LAS VEGAS VALLEY WATER DISTRICT VICE PRESIDENT W ILLIAM CO ULTHARD 9 0 0 S D U T H 5 T H S T R E E T SEC'Y-TREAS. HARRY E. MILLER E. O T T O UNDERHILL JAM ES C A S H M A N JO H N BUNCH P c g t LAS VEGAS, NEVADA Is less than fit# ledger value m si September I # iW I* the difference M l te M M &•*** ImuIc purchase price. It Is also understood that the final infract for the purchase and sola of the properties referred t* In Section I hunt/ M il provide far the dlgpoilHaa of the am®***# standing an the books of the U s Vegas Und and Water Company an the safe data In accounts as Account* Receivable, Accounts t oyabte, Advance Payment of Water Kauai, etc., and will M b provide for «d|o*rm«nts In the M e purchase frit* by r«awn the disposition -of the amounts In sold accounts. 6, ft Is farther understood that U s Vegas Land end Water Company hat outstanding contracts whereby certain subdivides or applicants (a) hovt deposited tun** of money with f t as advance* for Iho construe Hen of water mains* or ( j b ) have at M r own enpense instructed and conveyed to U s Vegas Und and Water Company water mains fa serve properties being developed by them* subject fa refund of the east pursuant fa the said tufas and Regu­lations of ih oU t Vegas Und and Wader Company. Upon the sole dote oil such contracts which are still wholly or partially unperformed dfall be assigned fa the District* and the district will* as of said date* assume all liabilities, including liability for further refunds, under said contracts, in die event there are In the pamessslen 'of the Las Vegas Land end Water Comoanv uuon the sol# date sums of money deposited with It as advances St the District In accordance with the provisions of said contracts. 7. All faxes levied and assessed upon or properly attributed® fa any of MhnWf te I * , w W t t H U W M ) t a u t In rt* S f e » • • * » r ^ * * a d . fate .see** Aatt b . ( M M festw*® jMa» « d *h« Btalrlc* « of Sfc* a d . # »* and Hi. purchase price od|usfad accordingly. g. Said purchase price shall be paid in cash or in such other mediae* M wnant os you may designate. It Is underwood that in order fa finance this purchase it is m jm m ^ that the undersigned be authorised fa Issue bond* pursuant fa the statute under which the undersigned was created and Is acting. Tha District agrees fa duly call «n dseHow on or b#faro Auaust I. i9S3, for the purpose of obtaining outhorify fa l***e and sail bonds