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Transcription
\ ias vmAS land Am? hat er com pany RESOLUTION Nak Development 717 On motion duly seconded, It was RESOLVED, that th« action of Vice President Payne in executing C.L.D* 15565, agreement entered into September 14, 1966 between Nak Development Company, a limited partnership, Seller, and Las Vegas Land and Water Company, Purchaser, granting option to purchase parcels of land containing 47*537 acres more or less, described in Exhibit ”A ” attached to agreement, option to commence on September 6, 1966 and continue for a forty (40) day period, or until Purchaser shall have given written notice to Seller of its desire to release the options as consideration for granting option, Purchaser shell pay to Seller the sum of $10,000.90; purchase price for said land shall be the sura which is obtained by multiplying the total number of acres contained in said land by $23,100.00 per acres Purchaser shall have the right to exercise option at any time during the term, by delivering to Seller the written notice of its Intention to do so, and by depositing In escrow the amount of the purchase price less the $10,000.00 referred to above; Seller to deliver deed conveying lend to Purchaser, subject to matters provided therein, be and the same Is hereby ratified, approved and confirmed. Adopted
