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% installation, or until Subdivider has been repaid the actual cost of said line (exclusive of the cost of constructing said fire hydrant connections) whichever occurs first. 3 - Company to own said water mains. 4 - Subdivider to furnish Company easements where said pipe lines are to be laid in other than dedicated streets and alleys; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President and Assistant Secretary Bachman in executing L.S. Deed Audit No. 5202 ("N"L.D. 2610), dated October 29, 1952, conveying to Clyde C. McDaniel Lots 1, 2 and 3, Block 2, Clark's Las Vegas Townsite, Las Vegas, Nevada, subject to: (a) State, County and City taxes for the year 1952; (b) Conditions, restrictions, reservations, easements and encumbrances of record; excepting and reserving to LVL&WCo.; FIRST: All minerals and all mineral rights, including oil and gas and rights thereto, without right of entry; SECOND: All water and water rights appurtenant to the lands conveyed; consideration $>10.00 and other good and valuable consideration; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt and Secretary in executing agreement "N"L.D. 2611, dated November 3, 1952, between LVL&WCo., called "Company”, and R. H. Carr and Louis L. Carr, husband and-wife, called "Owners", -4-