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\ 3 - Subdivider to furnish the Company necessary easements where said pipe lines are to be laid in other than dedicated streets and alleys; 4 - Subdivider to furnish Company bill-of-sale for said water mains; 5 - Company to own said water mains; 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. 2429, dated March 5, 1951, between LVL&WCo., called "Company”, and B. A. Saltzman, called "Subdivider”, providing: 1 - Subdivider to pay to Company $720.00, estimated cost of approximately 200 ft. of 6” cast iron water main to serve portion of Block 1, Tract 4, Boulder Dam Homesite Addition, Las Vegas, Nevada; 2 - Company to refund to Subdivider 50^ of monthly revenue received by it from customers located upon Lots 1 to 8, inclusive, and 39 to 46, inclusive, in said Block 1, taking water from said water main, for a period of ten years from date of completion of said installation, or until Subdivider has been repaid the actual cost of the line, whichever occurs first; 3 - Company to own said water main; 4 - Subdivider to furnish Company necessary easements where said water main is 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 Vice President Reinhardt in'executing letter agreement "N”L.D. 2428, dated March 7,1951, -3-