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expiring April 23, 1949, covering license for dry gas pipe line between Cherry and Walnut Aves., Long Beach, California, as amended by letter agreement CLD 7409, dated July 12, 1946, providing for annual rental of $39.79 instead of $61.20, payable annually in advance, account rights granted with respect to that portion of said pipe line located in Lot 12, American Colony Tract, being terminated; said license being revocable by Land Company at any time by giving Licensee 60 days' written notice; 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. 2434, dated February 19, 1951, between LVL&WCo., called "Company”, and Donald L. Ream, called "Party of the Second Part", providing; 1 - Party of the Second Part, at his expense, to furnish necessary materials and labor to construct 335 feet of 6" cast iron water main, to serve a parcel of land lying between Desert Park Addition and Bracken Avenue and between South 6th and South 7th Streets, Las Vegas, Nevada, at agreed sum of $900.00; 2 - Party of the Second Part, at his sole cost arid expense, to construct connections for and to install fire hydrants in Bracken Avenue in location as required by the City of Las Vegas, Nevada; 3 - Company to refund to Party of the Second Part 50$ of monthly revenue received by it from consumers in said tract taking water from the water mains so installed, for period of ten years from date of completion of said installation, or until Party of the Second Part has been repaid the agreed upon cost of $900.00, whichever occurs first; 4 - Party of the Second Part to furnish Company necessary easements where pipe lines are to be laid in other than dedicated streets and alleys; -2