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Mr. Franklin T* Hamilton January 18, 195^ Page 2 service to customers, and in the distribution of water by the Water Company as a public utility in the City of Las Vegas. I presume, when consideration is given to subdivision 1(a) of Exhibit G and subdivision (f) of Section 1 in the contract, the District will want the original of easements, licenses, contracts and permits where the Water Company has in the past received some sort of a document, whether it is called an easement, license, contract or permit, for the laying of its water pipes in the City of Las Vegas. I do not presume that the District is interested in, under paragraph 1(a) of Exhibit G, contracts covering the construction, maintenance and opera­tion of such pipelines, but rather the easements, or whatever documents may have been given us for the right to construct and lay such pipelines* Z also presume that Section 1(a) of Exhibit G would cover the so-called permit or franchise given us by the City of Las Vegas. Likewise, Section 1(g) refers to additions and better­ments constructed since September 1, 1952, and considering that, in connection with Section 1(a) of Exhibit G, my same inter­pretation would apply. The only difference between the two subsections (f) and (g) In Section 1 being the differentiation between those easements, etc., acquired before September 1, 1952, and those acquired subsequent thereto. Turning to subdivision (b) of Section 1 of Exhibit G, reference is made to contracts referred to in subparagraph (a) of Section 9 of the basic agreement "under which the District assumes, effective upon the sale date, 411 obligations and liabilities for work performed subsequent to the sale date,11 Section 9 refers to additions to the so-called basic purchase price, and subparagraph (a) thereof relates to payments made by first parties to contractors for work performed during the period between September 1, 1952, and the sale date, including such contracts as were under way but uncompleted on the sale date. I assume, therefore, taking that Section and subparagraph (b) of Section 1 of Exhibit G, that the District is not interested in the executed originals of construction contracts where the construction work has been completed prior to September 1, 1952. Section 1, subdivision (c) of Exhibit G refers to executed originals of all contracts referred to in subparagraph (a) of Section 10. These are the so-called "Rule 9” Contracts, and Section 10 subdivision (a) relates to "unrefunded amounts". Considering those two subsections together, I assume the District