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Section 11. Open the election of the District to remove at its own expense as hereinabove in Section S provid­ed said pipe lines shown in broken red and black lines on said Exhibit *A* and upon the completion of said removal the trust fund hsrsinabovs established pursuant to Section 5 shall be terminated| and any moneys therein shall be turned over to the District. Section 12. In the event the Union Pacific shall not have elected to remove said pips lines shown in broken black and red lines on said Exhibit "A* prior to ninetsen (19) years subsequent to the sale date, and in the event the District shall not havs elected to remove, and shall not have removed, said pipe lines prior to said date, then and in that event the said trust fund hereinabove in Section 9 referred to shall be turned over to the Onion Pacific, and the Union Pacific shall grant to the District a permanent easement or easements for the maintenance, use and operation of said pipe lines in their present location. Said easements shall be subject to substan­tially the same terms and conditions of those referred to in Section 9 hereof. Section 13. this agreement shall ba executed concur­rently with the agreement hereinabove referred to In the recit­als providing for the acquisition by the District of the water production and distribution facilities of ths Union Pacific and the Las Vsgas Land and Water Company at Las Yeges, Nevada, and shall remain in full force and effect until the terms hereof have been fully complied with. XU WITNESS WHEREOF the parties hereto have executed thi s agreement the date first ( herein written. ill "testi lacretary UHIOII PACIFIC RAILROAD COMPANY LOS ANGELES k SALT LAKE RAILROAD COMPANY By______ . __________________ ' ...President LAS VEGAS VALLEY WATER DISTRICT . m K -Pg“r—es? fldsr