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7, 1949, between LVL&WCo., called ’'Company*', and Royes J. Peter­sen, called "Subdivider", providing: 1 - Subdivider, at his expense, to furnish all pipe and necessary fittings and to construct approximately 1,070 ft. of 6" water main to serve Blocks 1, 2 and 3, Buena Vista Addition, Las Vegas, Nevada, at estimated cost of #3,660; 2 - Subdivider to furnish Company bill-of-sale conveying to Company said water main; 3 - Subdivider to furnish Company necessary easements where said pipe lines are to be laid in other than dedicated streets and alleys; 4 - Company to refund to Subdivider 50$ of monthly revenue received by it from customers in Blocks 1, 2 and 3 of Buena Vista Addition, taking water from said water main for period of ten years from date of said agreement, or until Subdivider has been paid actual cost of constructing said water main, whichever occurs first, but in no event in excess of #3,660.00; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt in executing letter-agreement "N"L.D. 2285, dated July 12, 1949, with Nevada Construction Company, covering construction and lay­ing of approximately 400 feet of cast iron water main in 17th Street, Charleston Square Tract No. 2, Las Vegas, Nevada; con­sideration #500.00; be, and the same is hereby, ratified, ap­proved and confirmed. The election of an Auditor being in order to fill the vacancy created by the retirement of R. Wipprecht, on motion duly seconded, A. E. Callin was nominated and unanimously elected to