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V THOMAS A. CAMPBELL TtefSIDENT SPENCER L. BUTTERFIELD VICE PRESIDENT WILLIAM COULTHARD SEC'YTREAS. HARRY E. MILLER E. OTTO UNDERHILL JAMES CASHMAN OFFICERS AND DIRECTORS JOHN BUNCf,^ LAS VEGAS VALLEY WATER DISTRICT ^GG SOUTH 5th STREET LAS VEGAS, NEVADA TELEPHONE 5920 JenKJtjry 31, box h4b Y of you with contractors for the construction of additions mtd betterments to Ih® water production facilities and the water distribution facilities mentioned In paragraphs (a) to (e) Inclusive of Section I hereof. Alt such contracts shall be assigned to the District as of the sole dote, and the District shall assume all obligations and liabilities accruing thereunder for work performed subse- quant to said sale date. (b) The actual cost of labor and material and other amounts expended by any of you during the period, September 1, 1932, to and Including the sale dot®, for additions and betterment! to' the sold water production and water distribu­tion facilities constructed by you with your own forces. (c) The amount expended by las Vegas land and Water Company during the period, September t, ;9$tf to and Including the sole dote, for additions and better­ments to Its distribution system above mentioned constructed by others under contracts made pursuant to Rule 9 of the said Sales and Regulations of the las Vegas land and Water Company and conveyed by said others to las Vegas Land and Water Company. Notwithstanding the provisions of subperagraphe (a), (b), and (c) of this Section 3, tjaLSEtiSS cost of the Improvement^ , £ Salt lake Railroad Company Work Order50j,£ covering, the construction of a bag gallon, elevated. steel tank approx i mart el y 2, can*' •jSSSighT5?~5^gd70os"Feet MidbfocMp^ to sold elevated tank together with Incidental ^tftgWUaUMdntl^rHonw. j|«tor fliSSTT**^ i • LiebSrs^KTvau ishe S1 mi b® 4. There shall be || fflgrg U u« ..l„. ,„w ~ to reSutod aTof the swig 'd^, und^YIFco{^^s mqdfe by las Vegas Land and Wafer Company pur»Jqn^ ftuias and Reflations of the Las Vegas Land ond W aler ^Company ar strailar rufosTonfained In its Rules and Regulations previously on file with the Public Service Commission of the State of Nevada. FjMftn 5. ftthe lodger value on ib&jsak date of mctorlals andj^lj^.t^cg^rr^Joah the ledger value of such ^opei^pym%C^iW j^dlTb5^3^fo‘TH« l^Icpur chase price. If automotive, shop and other equipment, Los Vegas land and WgjbF Lompcmy exceeds