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portion of ? the Clos Rancho, located at West Charleston Blvd. and Desert Lane, Las Vegas, Nevada, and providing: 1 - Subdivider shall pay to the Company $2,020, estimated cost to construct said water main; 2 - Company to refund to Subdivider 50^ of the monthly revenue received by it from customers on said portion of Clos Rancho, located at West Charleston Blvd. and Desert Lane, taking water from said water main for period of ten years from date of completion of said installation, or until Subdivider has been repaid actual cost of the line; 5 - Company to own said water main; 4 - Subdivider to furnish necessary easements where said water main is to be laid in other than dedicated streets and alleys; 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. 2459, dated May 2, 1951, with Nevada Construction Company, covering the construction and laying of approximately 870 ft. of 6" cast iron pipe in Block 4, Tract 5, Boulder Dam Homesites Addition, Las Vegas, Nevada; consideration $1,506.25, plus actual cost of premium on surety bond; 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. 2460, dated May 5, 1951, between LVL&WCo., called "Company”, and Franklin & Law Realty and Development Co., Inc., called ”Subdivider”, providing 4-