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V RESOLVED, that the action of Vice President Reinhardt in executing consent to assignment, (OLD No, 2539-4, dated April 23, 1954) by Richfield Oil Corporation to The Texas Company of Agreement Audit No, 9987, dated June 2, 1939, expir­ing April 23, 1954, between this Company and Richfield Oil Corporation, Licensee, covering license for 2-|-inch dry gas pipe line between Cherry and Walnut Avenues, Long Beach, Calif,; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt and Secretary in executing Agreement "N"L.D. 2814, dated May 13, 1954, between LVL&WCo., called "Company”, and Stewart Ogden Apts., Inc., called "Subdivider", providing; 1 - Subdivider at its sole cost and expense to furnish all necessary materials and labor and to construct approximately 780 LF of 6" cast iron water mains to serve Block 6 of Noblitt Addition, Las Vegas, Nevada, at agreed-upon cost of $2,783.00; 2 - Company to refund to Subdivider at quarter- ? ly intervals 35$ of the revenue received by it from consumers located in Block 6 of Noblitt Addition taking direct service from water mains so Installed for a period of 10 years from date of completion of said installation, or until Subdivider has been repaid the agreeed-upon sum of $2,783.00, whichever first occurs; 3 - Company to own said water mains; 4 - Subdivider to furnish Company easements where said pipe lines are to be laid in other than dedicated streets and alleys, together with Bill-of-Sale, Title Guarantee and Policy of Title Insurance; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was -4-