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GfVteers and Directors HOWARD 7. CLARK Chief Engineer and Manager I M P A, CAMPBELL President SPENCER L. BUTTERFIELD Viee President WILLIAM COULTHARD Secy.-Trees* HARRY I, MILLER I. OTTO UNDERHILL JAMES CASHMAN JOHN BUNCH LAS VEQAS VALLEY 900 South 5th Street Las Vegas* Nevada Telephone 5920 October 15* 1952 WATER DISTRICT P. 0. Box 1448 Tot Union Pacific Railroad Company Los Angeles and Salt Lake Railroad Company; and Las Vegas Land and Water Company* The undersigned* Las Vegas Valley Water District* a water district created and existing pursuant to the provisions of Chapter IS? of the 1947 Statutes of Nevada* as amended by Chapter 130 of the 1949 Statutes of Nevada* and as amended by Chapter 30? of the 1951 Statutes of Ksvada* herainafter somstimsa called "District*1* does hereby offer you tho sum of Two Million Five Hundred Thousand Dollars ($2*500*000.00) for* (a) Tha flva hundred seven (507) Acres* more or loss* of water-bearing land* as indicated by the shaded portion of the plat attached hereto* marked Exhibit A % and made a part hereof* togother with all of the Improvements thereon and the appurtenances thereunto belonging! (b) All of the water and rights to water rising upon* or flowing from the land described in (a) above* Including the water produced by pumping from wells located thereoni Exclusive* however* of the water right reserved In the Deed from Helen J. Stewart* et al* to W. A. Clark* dated December 8, 1902* and recorded in Book U of Real Estate Deeds at Page 222* Lincoln County* Nevada* Records* and except it is understood* that pursuant to the Certificate of Appropriation issued by the State Engineer of the State of Nevada to Los Angeles At Salt Lake Railroad Company under Application No. 7200* which Certificate is recorded In Book 1 of Water Appropriations at page 76* Clark County*