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1HSS J 6 * H B M B r » made and entered into this day of - 1056, by LOSS' ANGELES * SALT LAKE RAILROAD COMPANY and its Lasses, ONION PACIFIC RAILROAD, Otah corporations, LAS VEGAS LAUD AND FATES COMPANY, a Nevada corporation (hereinafter collective­ly called ’‘First Parties’’) and LAS 'VEGAS VALLEY FATEH DISTRICT, a public corporation created and existing pursuant to the provisions of Chapter 16? 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”). -!'vte-v- 'n ecitals Onder date of June 1, 1953, the parties hereto entered - into, a certain agreement ’wherein and whereby the First Parties- ; agreed'to sell'to "the District certain r#q4 property, together with all the water and rights to water rising upon or flowing from any wells-or springs then or;, thermit ter located' upon-said. ’; . real property- and a l l ’water productlop, storage, transmission .and J distribution facilities, including certain easements and rights-of-way, all as more ?particularly descr^hed’in said contract. Section 5 of said contract provided for'certain worls, consisting (among other things). o?? the construction of certain pipe lines, relecation of power l.iae», removal of certain pipe lines and certain power lines, to be don® at the expense of the District1 ? ; 11f Said section | further provides as- follow#} “It is agreed by thf parties hereto- that the estimated cost of the work to be performed pursuant to.-this-Section 5, ex­clusive of supervision and enlpimesring, is the sum of Three fhstt-dred Twenty Thousand Dollars K$320,000.00)« - Within the.-'time and in the manner provided in Sedition 7 hereof the District shall de­posit in the escrow referred fib in Section 7 said s u m of Three Hundred Twenty Thousand Dollars ($380,000,00) plus a sum equal to ten.-percent (10%) thereof, the total-of both of said sums being the aggregate amount of Tbred Hundred. Fifty-two Thousand Dollars ($352,000.00). (Said aggregate amount, of Three Hundred Fifty-two Thousand Dollars <$352,000.00^ is herein sometimes referred to as . ’’Relocation Fuad*'.) The escrow Instructions referred to in Sec­tion 7 shall .provide..for disbursements by the Escrow Agent from said Relocation Fund pursuant to the providt'eas o f : this Section. 5..... ’'When all the work provided for in Section 5 has been completed-and all contractors employed either toy the District or the. first.. Parties shall have been paid in full, the District and the First’..-.Fs-rties shall so notify, the -Escrow: A g e n t , a n d thereupon any portion- of the Relocation Fund remaining in -the hands of the Escrow Agent: shall be' paid to the District ,’* ;