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1;. Subdivider to furnish Company necessary easements for said pipe lines to be laid in other than dedicated streets and alleys, together with Bill of Sale, Title Guarantee and Policy of Title Insurance; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt and Secretary in executing Agreement "N"L.D. 2761 dated November 25>, 1953s between LVL&WCo., called "Company", and Builders Investment Corporation, called "Subdivider", providing; 1. Subdivider at its expense to furnish all necessary materials and labor to constructs (a) Approximately 1270 LP of 8" cast iron water mains; (b) Approximately 3155 LP of 6" cast iron water mains; (c) Approximately 120 LP of 6" cast iron fire hydrant connections, to serve Cadillac Arras Subdivision Tract No. 1, Las Vegas, Nevada; 2. Company to refund to Subdivider at quarterly intervals 35$ of revenue received by it from customers located within Cadillac Arms Subdivision Tract No. 1 taking direct service from water mains so installed for a period of 10 years from date of completion of said installation or until Subdivider has been repaid the agreed up’on sum of $1 6 ,2 1 3 .00, whichever first occurs. 3. Company to own said water mains; ]|. Subdivider to furnish Company necessary easements for said pipe lines to be laid in other than dedicated streets and alleys, together with Bill of Sale, Title Guarantee and Policy of Title Insurance; 3. Company to own said water mains. be, and the same is hereby, ratified, approved and confirmed.