upr000139 44

\ 2 . Company to refund to Subdivi:der at quarterly intervals of monthly revenue received by it from customers located within Westleigh Tract No. k taking service from water mains so installed for a period of ten years from date of completion of said installation or until Subdivider has been repaid the agreed sum of $29,550.00 whiche ver first occurs; 3. Company to own said water mains; i|. Subdivider to furnish Company necessary ease­ments where said water mains are to be laid in other than dedicated streets and alleys, together with B i n Qf Sale, Title Guarantee and Policy of Title Insurance; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded it was RESOLVED, that the action of President Stoddard and Assistant Secretary in executing agreement C.L.D. Ho. 11339, dated August 1 , 1953, between Los Angeles & Salt Lake Railroad Company and Union Pacific Railroad Company, called "Railroad Companies," and Las Vegas Land and Water Company, called "Water Company" whereby Railroad Companies granted revocable licenses to Water Company for water transmission and power lines sold to Water Company and providing for the production and delivery of water to Railroad Companies by Water Company until Railroad Companies' water facilities in yard are completed at Las Vegas, Nevada: 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 . No. 2703, dated August Ij., 1953, 7