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Officers and Directors HOWARD ?. CLARK Chief Engineer and Manager Th o m a s a . Ca m p b e l l Praaldant SPENCER L. BUTTERFIELD Vie* Praaldant WILLIAM COULTHARD Secy.-Treas* HARRY E. MILLER I. OTTO UNDERHILL JAMES CASHMAN JOHN BUNCH LAS VEGAS VALLEY 900 South 5th Street Lae Vegas, Nevada Telephone 5920 October 15, 1952 P. 0. Box 14AS WATER DISTRICT Tet Union Pacific Railroad Company Los Angeles and Salt Lake Railroad company; and Laa Vegaa Land and Water Companyt The undersigned, Las Vegas Valley Water District, a water die trlet created and existing pursuant to the provisions of Chapter 167 of the if&f Statutes of Nevada, as amended by Chapter 130 of the 19^9 Statutes of Nevada, and as amended by Chapter 307 of the 1951 Statutes of Nevada, hereinafter sometimes called "District", does hereby offer you the sum of Two Million Five Hundred Thousand Dollars ($2,500,000.00) fort (a) The five hundred seven (507) Acres, more or less, of water-bearing land, as indicated by the shaded portion of the plat attached hereto, marked Exhibit "A", and made a part hereof, together with all of the Improvements thereon and the appurtenances thereunto belonging; (b) All of tho wator and rights to wator rising upon, or flowing from tha land described In (a) above, including the water produced by pumping from wells located thereon; Exclusive, however, of tho water right reserved in the Deed from Helen J. Stewart, et al, to W. A. Clark, dated December S, 1902, and recorded In Book 1 of Real Estate Deeds at Page 222, Lincoln County, Nevada, Records, and except it is understood, that pursuant to tho Cortlficate of Appropriation issued by the State Engineer of the State of Nevada to Los Angeles & Salt Lake Railroad Company under Application No. 7200, which Certificate is recorded In Book 1 of Water Appropriations at page 76, Clark County,