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upr000089-086
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V * R e c ita ls The Union P a c if ic , th e Las V e g a s Land and Water Com­pany (h e r e in a fte r c a lle d "Water Company") and th e D is t r ic t are contem poraneously herew ith en terin g in to an agreement fo r th e purchase by th e D is t r ic t o f th e water d is tr ib u tio n system o f th e Water Company in th e C ity o f Las ¥egas, Nevada, and th e wa­t e r production and tran sm ission f a c i l i t i e s o f th e Union P a c if ic , in clu d in g c e r ta in o f i t s water bearing lands in sa id c i t y , shown dated January in pink on map attached h ere to , marked Exhibit9 ," A19-l5^3b,nd made a p art h ere o f, which p ro p erties are t o be conveyed to the D is t r ic t a t a tim e h erein r e fe rr ed to as th e " sa le date"* C ertain o f th e sa id water production and tran sm ission f a c i l i t i e s c o n s is tin g o f pipe lin e s and power lin e s are lo c a te d upon property o f Union P a c ific which w i l l not be acquired by the D is tr ic t* I f c e r ta in o f sa id e x is tin g pipe lin e s and power lin e s were t o remain in t h e ir p resen t lo c a tio n upon th e sa id property o f Union P a c ific which i s not to be acquired by th e D is t r ic t ,t h e e x is te n c e o f sa id pipe lin e s and p o le lin e s would s u b s ta n tia lly dim inish th e market value o f the lands o f Union P a c if ic in th e v ic in i t y o f said pipe li n e s and power lin e s * The p a r tie s agree EXHIBIT "A" THIS AGREEMENT, made this . 1953, by UNION PACIFIC RAILROAD COMPANY and LOS ANGELES & SALT LAKE RAILROAD COMPANY, corporations of the State of Utah (here­inafter sometimes called "Union Pacific"), and LAS 7EGAS 7ALLEY WATER DISTRICT, created and existing pursuant to the provisions of Chapter 16? of the 1947 Statutes of Nevada, as amended by Chapter 13© of the 1949 Statutes of Nevada and as amended by Chapter 3©7 of the 1951 Statutes of Nevada (hereinafter called "District"), WITNESSETH: 1