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On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt % and Secretary in executing agreement MN nL.D. 2683, dated May 27, 1953, between LVL&WCO., called '’Company”, and C. S. Wengert, Trustee, acting as Trustee for G. B. Page, an individual, and C. R. Ronnow and C. S. Wengert, partners, the said C. S. Wengert, Trustee, called "Subdivider" providing; 1. Subdivider to pay Company $2,470.00 estimated cost of installing approximately 540 L.F. of 6 ” cast iron water main from a connection with existing 6” water main in Truck Highway approximately 210 feet southerly from the southerly line of Utah Avenue; thence easterly across Truck Highway and private property to a point in Fairfield Street approximately 190 feet south of south line of Utah Avenue, together with approximately 12 feet of 6M cast iron fire hydrant connection in loca­tion to be designated by City Authorities, Las Vegas, Nevada; 2. Company to refund to Subdivider at monthly intervals 35$ of monthly revenue received by it from customers of said subdivisions taking water from the water main so installed for period of ten years from date of com­pletion of said installation, or until Subdivider has been repaid the actual cost of said line (exclusive of cost of constructing said fire hydrant connection), whichever occurs first; 3. Company to own said water main; 4. Subdivider to furnish Company necessary easements where said water main is to be laid in other than dedicated streets and alleys; 5. Subdivider to provide Company with policy of title insurance showing; (a) Where pipe lines are located in dedicated streets or alleys, or in areas dedicated for public utility purposes; that the dedication of such streets and alleys or areas for public utility purposes permits the laying of water lines, and that any subdivision map with re­spect thereto has been duly signed by all owners of record of the land involved and duly recorded; -4-