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upr000140 173

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upr000140-173
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    This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.

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    ^ Lessee’s equipment, trade fixtures and wood paneling, as provided in said lease as amended; and WHEREAS, the parties desire to revise the provisions of said lease with respect to allocation of cost of said work and the payment of rental thereunder: THEREFORE, BE IT RESOLVED, that the action of President and Asst. Secretary Bachman in executing supplemental agreement C. L. D. No. 8920, dated December 14, 1948, between LVL&WCo. and Mike Lyman’s, Inc., amending said agreement C. A. No. 10337 to provide: (a) Lessee shall bear the entire cost of installing necessary equipment, trade fixtures and wood paneling, including architect’s fees applicable thereto; (b) The cost of altering and remodeling the leased premises (exclusive of the wood paneling), includ­ing the architect’s fees applicable thereto, shall be borne as follows: 1 - Lessor shall bear that portion of the cost not in excess of $144,000; 2 - Lessee shall originally bear that portion of the cost in excess of $144,000 and not in excess of $200,000, upon rendition of bill therefor, which portion shall be credited against percentage rental due in excess of guaranteed minimum; 3 - Lessor shall originally bear that portion of the cost in excess of $200,000, which excess shall be subject to reimbursement by Lessee by an amount equal to 1% of Lessee’s monthly total gross sales; (c) Effective as of June 29, 1948, the guaranteed minimum monthly rental shall be $3,200; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, the following resolution was unanimously adopted: WHEREAS, under agreement ”N”LD 2178, dated January 12, 1949, with Las Vegas Union School District, a body politic acting for and on behalf of Educational District No. 12, covering relocation -4-