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V 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 in executing Agreement WNWL.D.' 2833, dated June 9, 1954, between LVL&WCo., called MCompanyw, and Judy Rich Enterprises, Inc., and 0. J. Scherer, doing business as 0. J„ Scherer Company, collectively called *,SubdividerM, providings 1 - Subdivider at its sole cost and expense to furnish all necessary materials and labor and to construct the followings a. Approximately 2,500 LF of 8M cast iron water mains b 0 Approximately 3,130 LP of 6M cast iron water mains Co Approximately 42 LP of cast iron fire hydrant connections. 2 - Company to refund to Subdivider at quarterly Intervals 35$ of the revenue received by it from consumers located within Judy Rich Tract and adjacent to water mains so constructed in Industrial Road and St. Louis Street, taking direct service from water mains so installed, for a period of 10 years from date of completion of said installation, or until Subdivider has been repaid the agreed-upon sum of $18,765.00, whichever first occurs ; 3 - Company to own said water mains; 4 - Subdivider to furnish Company easements where said pipe lines are to be laid in other than dedicated streets and alleys, together with Bill-of-Sale, Title Guarantee and Policy of Title Insurance; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, the following resolution was unanimously adopted; WHEREAS, Sale Agreement LVL&WCo. Audit No. 10682, dated June 1, 1953, between LA&SLRRCo., UPRRCo. and Las Vegas -6-