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\ No. 4; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt on behalf of this company in executing Agreement ”N”L.D. 2365, dated March 20, 1950, between LVL&WCo., called ’’Company”, and Paradise Realty Co., Inc., called ’’Subdivider”, providing: 1 - Subdivider to pay to Company $8970.00, estimated cost of approximately 2394 lin. ft. of 8” and 6” cast iron water main to serve Block 1, Paradise Village Tract, Las Vegas, Nevada; 2 - Company to refund to Subdivider 50% of monthly revenue received by it from customers in said Block 1 taking water from said water main for period of ten years from date of completion of said installation, or until Subdivider has been repaid the actual cost of said line, except cost of 324 feet of fire hydrant laterals; 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 on behalf of this company in executing letter-agreement ”N”L.D. 2366, dated March 20, 1950, with Nevada Construction Company, covering the construction and laying of approximately 2394 feet of 8” and 6” cast iron water main to serve Block 1, Paradise Village Tract, Las Vegas, Nevada; consideration $2992.50, plus actual cost of premium on surety bond; be, and the same is hereby, ratified, approved and confirmed. *?4"