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RESOLUTION There was presented to the Board an agreement dated July 31* 1956 between the Los Angeles and Salt Lake Railroad and its lessee, Union Pacific Railroad Company, a Utah Corporation, Las Vegas Land and Water Company, a Nevada Corporation, therein called the First Parties, and the Las Vegas Valley Water District, therein called the District, pertaining to the Agreement dated June 1, 1953 between the parties thereto, wherein the First Parties agreed to sell to the District certain property, etc., and in which it is recited that Section 5 thereof provides for the retention by the First Parties the sum of $352,000, which sum is therein called the Relocation fund and is held in escrow with the First National Bank of Nevada; and reciting that all of the work pro­vided for in said Agreement has been performed and has been fully paid for; and reciting that parties thereto agree that the said Relocation Fund to wit, $352,000, be forthwith paid to the District by the said First National Bank of Nevada, escrow agent. Said agreement has been duly executed by the First Parties thereto, and it being deemed for the best interest of the District that the same be executed by the District, upon motion duly made by Director Cornwall, seconded by Director Roaevear, and unanimously carried by the five Directors present, it was resolved that said agreement be executed for and on behalf of the Las Vegas Valley Water District by the President or Vice President, and attested by the Secretary or Assistant Secretary in quadruplicate and the District seal be affiaed thereto.