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THIS AGREEMENT, made and entered into this ________day oi 1956, by LOS ANGELES & SALT LAKE RAILROAD COMPANY and its Lessee, UNION PACIFIC RAILROAD, Utah corporations, LAS VEGAS LAND AND WATER COMPANY, a Nevada corporation (hereinafter collective­ly called ’’First Parties") and LAS VEGAS VALLEY WATER DISTRICT, a public corporation created and existing pursuant A o the provisions of Chapter 167 of the 1947 Statutes of Nevada as/ amended by Chapter 130 of the 1949 Statutes of Nevada and as amended by Chapter 307 of the 1951 Statutes of Nevada, Second Patty (hereinafter sometimes called "District"), j RECITALS / — ------------------------------ --- ./ Under date of June 1, 1953, the parties hereto entered into a certain agreement wherein and wherfeby f the First Parties agreed to sell to the District certain j/eal property, together with all the water and rights to water/rising upon or flowing from any wells or springs then or thereafter located upon said real property and all water production, storage, transmission and distribution facilities, including Certain easements and rights-of-way, all as more particularly described in said contract. Section 5 of said contract provided for certain work, consisting? .(among other things)“4 f#6 £jf the construction of certain pipe lines, relocation of power/lines, removal of certain pipe lines and certain power lines,/to be done at the expense of the District. I Said section 5 further provides as follows: "It is agreed by tfe parties hereto that the estimated cost of the work to be performed pursuant to this Section 5, ex­clusive of supervision and ejhgineering, is the sum of Three Hun­dred Twenty Thousand Dollarsf ($320,000.00). Within the time and in the manner provided in Section 7 hereof the District shall de­posit in the escrow referred to in Section 7 said sum of Three Hundred Twenty Thousand Dollars ($320,000.00) plus a sum equal to ten percent (10%) thereof, the total of both of said sums being the aggregate amount of Three Hundred Fifty-two Thousand Dollars ($352,000.00). (Said aggregate amount of Three Hundred Fifty-two Thousand Dollars ($352,000.§0) is herein sometimes referred to as "Relocation Fund".) The escrow instructions referred to in Sec­tion 7 shall provide for disbursements by the Escrow Agent from said Relocation Fund pursuant to the provisions of this Section 5 \ "When all the work provided for in Section 5 has been completed and all contractors 'employed either by the District or the First Parties shall have been paid in full, the District and the First Parties shall so notify the Escrow Agent, and thereupon any portion of the Relocation Fund remaining in the hands of the Escrow Agent shall be paid to the District."