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Th® authorized capital stock of the Las Vegas Land / Water Company is 150,0CG( all of vdiich has been subscribed and paid in and certificates of stock issued therefor, and all of said stock, including the 488 shares received in consideration of the sale of said lands, belongs to and is held by the railroad company. to comply with the provisions of said mortgage of July 1st, 1901, and in order to secure the release of said lands from, said mort­gage, as requested, the Jan Pedro, Los Angeles * Salt Lake Railroad Company herewith delivers to you as Trustee of said mortgage the pro­ceeds of said sale, to-wits 488 shares of the capital stock of the Las Vegas Land I -Water Company, said shares of capital stock being evidenced by the certificate of said Las Vegas Land 4, Water Company No. 7, for 488 shares, in the name of W. A. Clark and E. H. Harrimn, Trustees, and duly endorsed in blank on the back thereof by said Trustees, the same to be held and disposed of by you under the provisions of said mortgage, especially Article 6th thereof. Por further assurance, and to protect the interests of the railroad company in said townsite company, the said railroad company also deposits with you as Trustee under said mortgage, certificates for 12 shares of the capital stock of the Las Vegas Land & .Water Company, which certificates are as followsi- Certificate No.l, in nbmb of j. Ross Clark* for z stores, ft No. 2, -it w. H* Bancroft, 2 if M No. 3, it. w. H. Coastoek, 2 tt p Mo.4, 1 #. if E# Gibbon, | i i # N0.5, 1 H. 1. Bettis, m 2 i St No. 8, | C. 0. Whitteraore, ? n ' i n All of said certificates are duly endorsed in blank for transfer* and it is agreed by the railroad company that said 12 shares of stock shall