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V wIf this agreement shall not have been terminated as hereinbefore provided in this paragraph, and if the District shall have held an election and shall have been authorized at said election to issue bonds for the purchase of the property herein mentioned and the creation of said Relocation Fund, but shall have failed to sell said bonds by May 1, 1954, then at any time after May 1, 1954, this agreement may be terminated either by the First Parties or by the District after having given the other party hereto not less than ninety (90) calendar days’ notice of intention to terminate,1 be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the following amounts are re-appropriated for expenditure during year 1954 to complete projects heretofore authorized, involving capital expenditures: $387,502.00 for items costing more than $2,500, as shown on Carry-Over Statement as of December 31, 1953; and 4,060.00 for items not exceeding $2,500, as shown on Carry-Over Statement as of December 31, 1953. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt in executing Assignment f,NnL’.D. 2393-1, dated December 7, 1953, by which LVL&WCo., "Assignor”, assigns to Norton Warehouse Co., "Assignee”, Agreement Audit No. 10545, dated June 21, 1950, (term indefinite) between LVL&WCo., First Party, and Southern Nevada Power Co., Second Party, granting said Second Party license to construct, maintain and operate its conductors, consisting of a 12 KV overhead wire line for transmission of electricity for power purposes, near North Main Street and Washington Ave., Las Vegas, Nevada; be, and the same is hereby, ratified, approved and confirmed. -2-