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upr000121-057
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I agree.LAS VEGAS LAND AND WATER COMPANY RESOLUTION On motion duly seconded, it was RESOLVED, that the action of President Stoddard and Assistant Secretary Bachman in executing C. L* D. li{.79lj-, agreement dated May k» 1961+ between Las Vegas Land and tfater Company and Security Insurance Company of New Haven, that on payment of #21,7^1+.20, Security Insurance Company of New Haven shall be deemed payment in full of all the monies due J. P. S. Contracting Go. Inc. under contract dated October 10, 1962, identified as Las Vegas Land and Water Company Contract Audit No. 10918, due to J. P. S. Contracting Company, Inc. failure to make payment of certain labor and materials and failure to obtain certain insurance required under said construction agree ment, Security Insurance Conpany of New Haven to indemnify Las Vegas Land and Water Company, Los Angeles & Salt Lake Railroad Company, and the Union Pacific Railroad Company, and hold said companies harmless from and against any and all claims by said j. p, s. Contracting Co. Inc., be and the same Is hereby confirmed, ratified and approved. A true copy. Adopted E. £• Dixon Secretary.