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?mis j M s a w a m r3 made and entered into this day of ___________, 1956, by LOS ANGELES & SALT LAKE RAILROAD COMPANY and its Lessee, UNION PACIFIC RAILROAD, Utah corporations, LAS VEGAS LAND AND WATER COMPANY, a Nevada corporation (hereinafter collective ly called ’’First Parties”) and LAS VEGAS VALLEY WATER DISTRICT, A public corporation created and existing pursuant to the provisions of Chapter 167 of the 1047 Statutes of Nevada as asende^/by Chapter 130 of the 1040 Statutes of Nevada and as amended by Chapter 307 of the 1051 Statutes of Nevada, Second Patty (hereinafter sometimes called "District”) . \ '/ RECITALS Under date of June 1, 1053, the p a r s e s hereto entered into a certain agreement wherein and whereby/th® First Parties agreed to sell to the District certain re a y property, together with all the water and rights to water rising upon or flowing from any wells or springs then or thereafter located upon said .real property and all water production/storage, transmission and distribution facilities, including sextain easements and rights-of-way, all as more particularly described in'said contract. Section 5 of said contract provided for. certain w o r k , ? consisting (among other things) , ©f /the construction of certain pipe.lines, relocation of power l|4es, removal of certain pipe lines and certain power lines, to?be done at the expense of the District, ' 1 T,/’f fjll Said a c t i o n 5 further provides as follower;/ **lt is agreed by the parties hereto that the estimated, cost of the work to1 b e ' p e r f o r m ^ pursuant to this Section 5|:; ex- , elusive of supervision and engineering, is the sum of Three Hun­dred Twenty Thousand Dollars 1^320,000.00), Within the time and in the manner provided in Section 7 hereof' the District shall de­posit in the escrow referred tf is Section 7 said sum of Three Hundred Twenty Thousand'Dollar! ($320,000.00) plus a sum equal to fen percent (10%) thereof,, the {total.;' of both of said sums, being the aggregate amount of Three hundred Fifty-two Thousand Dollars ($352,000.00)'". (Said aggregate amount, of Three ? Hundred Fifty-two ? Thousand Dollars ($352,000,00) fits herein sometimes referred to as ’’Relocation Fuad” .) The escroii. instructions' referred to in'Sec­tion 7 shall/'provide for disbursements, by the'Escrow- Agent.' from said'Relocation Fuad,pursuant t#"the providioas' of this Section 5.,. ’’When' all-''the.-work provided for. in Section 5 has been completed and all contractors, employed either by the District or the First Parties shall have been paid in full, the District' and the First - Parties Shall so - not ify the Escrow Agent11and. thereupon any portion of -the .Relocation Fund-remaining- in: the' hands- of the Escrow Ageht shall bev paid, t o 1,the District.”