Purchase offer from Las Vegas Valley Water District to Union Pacific Railroad Company, Salt Lake Railroad Company, and Las Vegas Land and Water Company, October 15, 1952

OFFICERS AND DIRECTORS THOMAS A. CAMPBELL PRESIDENT LAS VEGAS VALLEY WATER DISTRICT WILLIAM COULTHARD 900 SOUTH 5TH STREET AS. HARRY E. MILLER LAS VEGAS, NEVADA E. OTTO UNDERHILL JAMES CASHMAN TELEPHONE 5920 JOHN BUNCH October 15, 1952 Los Angeles and Salt Lake Railroad Company; and pursuant to the provisions of Chapter 167 of the 1947 Statutes of Nevada, as amended by Statutes of Nevada, hereinafter sometimes called "District" ,does hereby offer you the sum of Two Million Five Hundred Thousand Dollars ($2,500,000.00) for: (a) The five hundred seven (507) Acres, more or less water-bearing land, as indicated by the shaded portion of the plot attached hereto, marked Exhibit "A", and made a part hereof, together with all of the improvements thereon (b) All of the water and rights to water rising upon, or flowing from the land recorded in Book 1 of Water Appropriations at page 76, Clark County, Nevada, but said Railroad Company will obtain said water through its Shop Well, which c.f.s. of water from said Well No. 1 to said Shop well, or to a well to be drilled by it within a radius of one hundred feet from said Shop Well, Well, the District OFFICERS AND DIRECTORS THOMAS A. CAMPBELL PRESIDENT SPENCER L. BUTTERFIELD VICE PRESIDENT WILLIAM COULTHARD SEC'Y-TREAS. HARRY E. MILLER E. OTTO UNDERHILL JAMES CASHMAN JOHN BUNCH OFFICERS AND DIRECTORS THOMAS A. CAMPBELL PRESIDENT SPENCER L. BUTTERFIELD LAS VEGAS VALLEY WATER DISTRICT WILLIAM COULTHARD 900 SOUTH 5TH STREET SEC'Y-TREAS. HARRY E.MILLER LAS V E G A S , N E V A D A E. OTTO UNDERHILL JAMES CASHMAN TELEPHONE 5920 JOHN BUNCH P. O. BOX 1448 Page Two. October 15, 1952 (c) Rights-of-way and Easements for the pipe lines extending from the land described in (a) above over lands owned or held by you, in l o c a t i o n as same now exist, also rights-of-way and easements for power lines extending to the land described in (a) above, in location as such power lines now exist, over lands owned or held by you; subject, however, to an Agreement, between Union Pacific Railroad Company, and Los Angeles and Salt Lake Railroad Company, as parties of one part, and the District, as party of the other part, in the form hereto attached, marked Exhibit B and made a part hereof, which Agreement the District agrees to execute at the time of the acceptance of this offer by you. (d) All of your water production facilities and all of your water distribution facilities Range 61 east, M.D.B.& M., and all production and distribution facilities connected with both said wells) but including automotive, shop and other equipment, material and supplies on hand belonging to Las Vegas Land and Water Company, and all additions and betterments (including the Hyde Park additions and betterments), as the same exist as of September 1st, 1952, and all additions and betterments being constructed, and those for the construction of which contracts have been executed prior to September 1st, 1952. (e) You will encumber all other land in Sections 27, 28, 29, 30, 31, 32, 33, and 34, Township 20 South, Range 61 East, M.D.B. & M., owned or held by you, for a term of fifty years, with a covenant, running with the land, to the effect that no water well shall be drilled or dug thereon, to a depth exceeding one hundred feet, except that, it is understood the said Shop Well is in need of repairs and that it may be for the best interests of all concerned that a new well be drilled in that vicinity of said Shop Well to replace the same. Said Railroad Company shall have the right to drill a well within a radius of 100 feet from reserved by it pursuant to (b) above, provided, however, that as and when plugged so that the water encountered therein shall not be wasted, as the word 'waste' is defined by Section 7993. Nevada Compiled Laws, 1943-1949. The cost of all improvements for the construction of which contracts have been executed subsequent to September 1st, 1952, and up to the date of c o n s u m m a t i o n of the sale, will be added to the amount of the purchase price. OFFICERS AND DIRECTORS THOMAS A. CAMPBELL PRESIDENT SPENCER L. BUTTERFIELD LAS VEGAS VALLEY WATER DISTRICT W I L L I AM COULTHARD 900 S O U T H 5TH STREET SEC'Y-TREAS. HARRY E. MILLER LAS VEGAS, N E V A D A E. OTTO UNDERHILL JAMES CASHMAN TELEPHONE 5920 J O H N BUNCH P. O. BOX 1 4 4 8 Page Three. October 15, 1952 S a i d purchase p r i c e shall be paid t o y o u in cash o r i n such o t h e r m e d i u m o f p a y m e n t as it is understood that in order to finance this purchase it is necessary that the undersigned be authorized to issue bonds pursuant to the Statute under which the undersigned was created and is acting. Therefore, one of the conditions of this offer is that it shall not be binding upon the undersigned until its bonds so to be authorized are sold and the money therefrom is available. This offer shall remain in effect until it is rejected by you or is withdrawn by the undersigned b y notice given thirty days before such withdrawal becomes effective, which notice shall be made and given with the same formality as this offer is made and given. Will you suggest a time and place where your attorneys can meet with ours, to draw up the papers setting forth a detailed agreement between us pertaining to the subject matter of this offer. Dated this 15th day of October, 1952. Thomas A. Campbell, President Spencer L Butterfield. Vice-President G. William Coulthard. James C a s h m a n , Director John Bunch, Director