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1 showing that where pipe lines are located in dedicated streets 2 or alleys, such streets or alleys have been lawfully dedi- 3 sated under the laws of the State of Nevada by the owners 4 of record of all of the land involved and have not subse- 1 5 guently been vacated or abandoned. 6 (b) A policy of title insurance with limits ®f 7 |1,000.00 issued by the Pioneer Title Insurance and Trust 8 Company showing title to the easements referred to in Para- 9 graph 5 of this Article I to be vested in Las Vegas Land 10 and Water Company. 11 7. To furnish a Bill of Sale for said water mains, bon- 1 12 veying to the Company all right, title, and interest in the said 13 water mains, free and clearrof all liens and encumbrances. 14 8. The Subdivider further agrees not to commence the con- 15 struction of the pipe line covered by Subdivision 1 hereof until 16 such time as it has furnished to the Company title guarantees or 1 7 policies of title insurance aforesaid. 18 ARTICLE II. 19 THE COMPANY AGREES: 20 1. Upon execution of this Agreement and receipt of said Bill 21 of Sale, and such necessary easements for said water lines, and I 22 receipt of necessary title guarantees or policies of title in- 23 surance, to pay to the Subdivider, at quarterly intervals, thirty- 24 five percent (35%) of the revenue received by it from consumers 25 located within Heers Subdivision Nevada-1, taking direct service 26 -4- m m m