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N easements and encumbrances of record; excepting and reserving to LVL&WCo. all coal, oil and other minerals (including oil and natural gas), and the right to remove any and all such substances, without right of entry; 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 on behalf of this company in executing letter-agreement "N'*LD 2379, dated April 26, 1950, with Nevada Construction Company, covering construction and laying of approximately 1570 ft. of 6" cast iron pipe to serve Blocks 9 to 15, inclusive, Scotch Eighty Addition, Las Vegas, Nevada; consideration $1,962.50, plus actual cost of premium on surety bond; 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 on behalf of this company in executing agreement "N"L.D. 2378, dated April 26, 1950, between LVL&WCo., called "Company", and Victor V. Kunkel, an individual, called "Subdivider", providing: 1 - Subdivider to pay to Company $5,930, estimated cost of approximately 1570 ft. of 6" cast iron water main to serve Blocks 9 to 15, inclusive, Scotch Eighty Addition to the City of Las Vegas, Nevada; 2 - Company to refund to Subdivider 50$ of monthly revenue received by it from customers in said Blocks 9 to 15, inclusive, 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-