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t t # f ® n m i n m u b mmmmm, mo* m s ______ . t o of . by piimeM M ? ® iusdrft* lessee, mmm® %h mpmacjimf iac* araiil3roHadi c m m m s m&h corporations, LAS VEGAS M U D Hf§ MATS! COMPANY, a Nevada corporation {hereinafter collectively called "first Parties1*}, and LAS VEGAS VALLEY WATER ©If* TRXCT, ft public corporation created and existing pursuant to the provisions of Chapter 16? of the 1947 Statutes of Nevada a® amended fey Chapter 130 of the 1949 statutes of Nevada and as amended by Chapter 307 of the 1951 Statutes of Nevada* Second tarty (hereinafter sometimes called district*}. nmiThis An agreement was heretofore entered into by and between the First Parties and the district under date of dune 1, 1953# said agreement in general providing for the sale to the District of certain real property, water rights and water production, storage and transmission facilities located In the City of Las Vegas, Nevada. On September 30, 1953# a special bond election was held in said District at which the electors authorised the issuance of $8,700,000 of bonds of said District for the purpose of carrying out said agreement of dime 1 , 1953, and for other purposes of the District, the District is at present' diligently taking the necessary steps to sell said bond® at the earliest practicable time to provide the funds necessary for carrying out said agreement of June l, 1953, Section 14 of said agreement of June l, 1953, among other things, provides that If the District shall have filled to mil said bonds by .December 31, 1953# then *t any time after December 31, 1953, said agreement may be terminated either by the first Parties or by the District, after having given the other party thereto not less than ninety (90) calendar days* notice of intention to terminate, Neither of the parties hereto ha® to the present date given notice of termination of said agreement.. fhe District and the first Parties are of the opinion that it Is to the interest of both of said parties that said bonds be successfully sold at the earliest oppor­tunity, for that purpose it is necessary that prospective bond purchasers be assured that said agreement of June 1, 1953# i® not subject to termination by either party thereto before the award and sale of said bonds.