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RESOLVED, that the action of Vice President Ashby in executing agreement, Contract Audit No. 10163, dated Feb­ruary 18, 1942, between Las Vegas Land and Water Company, called ’’Land Company”’, and Sterling Electric Motors, Inc., called ’’Purchaser”, covering sale of 0.9942 acre of land, ex­cept coal, oil and mineral reservation, being a portion of Lot 1, Tract 7777, located at East Los Angeles, California; sale price $>5,965.20, payable $1,491.30 upon delivery to Purchaser of counterpart of said agreement; balance in four equal, annual installments, together with interest at rate of 6% per annum upon unpaid amount of purchase price; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Ashby and Assistant Secretary Rigdon in executing agreement, C.L.D. No. 3995, dated February 20, 1942, between Las Vegas Land and Water Company, called ’’Grantor”, and Ed, W. Clark, A. E. Cahlan and A,. C,. Grant, called ’’Grantees”, agreeing that it was the intention of said parties that the provisions of sub-paragraph (c) of paragraph 9 of deed, Audit No. 4518, dated December 13, 1941, from said Grantor to said Grantees, conveying 78.64 acres of land on North Main Street, Las Vegas, Nevada, were subject to the rules and regulations of the Grantor with respect to refund of the cost of constructing and laying water mains advanced by others than the Grantor, and that provisions of said sub-paragraph (c) shall not be construed as changing or rendering inoperative the provisions of any rule and regulation of the Grantor in effect from time to time relating -8-