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2, Company to refund to Subdivider at quarterly intervals 35$ of revenue received by it from consumers located within Eastwood Tract No, 1, taking service from the water lines so installed for period of 10 years following date of completion of said installation or until Subdivider has been repaid the agreed upon sum of $34,640,00, whichever first occurs; 3, Company to own said water mains; 4, Subdivider to furnish Company bill-of-sale for said water mains so installed; 5, Subdivider to furnish Company easements where pipe lines are to be laid in other than dedicated streets and alleys; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, the following resolution was unanimously adopted; RESOLVED, that the action of Vice President Reinhardt in executing letter agreement nN"L„D. 2677, dated May 15, 1953, with Longley Construction Co,, Inc,, covering the construction and laying of approximately 1020 feet of 6 inch cast iron water main to serve Block 11 and the south half of Block 10, Ladds Addition, Las Vegas, Nevada; consideration $2,280,00, 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 in executing letter agreement "NWL,D, 2679, dated May 15, 1953, with Longley Construction Co,, Inc., covering the construction and laying of approximately 485.feet of 4" cast iron water main in alley between 13th Street and 14th Street extending from Stewart Avenue to Ogden Avenue, Las Vegas, Nevada; consideration $1,392,50, plus actual cost of premium on Surety Bond; be, and the same is hereby, ratified, approved and confirmed. -3-