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RESOLVED, that the action of President Stoddard in executing Agreement "N"L.D. No. 2820, dated July 29,19Bkt (Audit No. 10769) between LVL&WCo. (called Land Company) and State of Nevada Department of Highways (called State) whereby the State proposes to widen, straighten and improve North Fifth Street in Las Vegas, Nevada, between Fremont Street and North Main Street, and desires to obtain from Land Company certain rights of way in consideration for which the parties agree as follows: Land Company agrees to: (a) Grant to State easement for highway purposes over two parcels of land containing an area of 1.097 acres being portions of Sections 26 and 27, T. 20S., R. 61E., MDB&M$ (b) Quitclaim to State all right, title and interest in "Parcel B" containing an area of O.672 acres being a portion of SE-l/l| of Section 27, T. 20S., R. 61E., MDB&M| Easements to the State over Parcels 1 and 2 and quit­claim of "Parcel B" to reserve to the Land Company all minerals and mineral rights and all water and water rights, without right of entry; General and special taxes for year 195U, Conditions, restrictions, reservations, easements and encumbrances of record^ Easement to the State over Parcel 2 and quitclaim of "Parcel B" subject to flow of waters of Las Vegas Creek over and across said parcels. The State agrees: (a) To pay to Land Company $3,063.00; (b) At its expense to construct certain improvements, extend existing water lines, construct paved highway approaches, remove and reconstruct high­way fences, reconstruct irrigation ditch, and construct drainage culverts; (c) To quitclaim to Land Company all right, title and interest of the State in Parcel of land con­taining O.I87 acres; being a portion of W-l/2 of Section 26, and SE-I/I4. of Section 27,T.20S., R. 61E., MDB&M| _ On motion duly seconded, it was