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RESOLVED, that the action of Vice President Reinhardt and Secretary in executing agreement nN"L.D. 2570, dated March 27, 1952, between LVL&WCo., called ’’Company**, and Desert Development, Inc., called ’’Subdivider”, providing: 1 - Subdivider to pay to Company $4,290.00, estimated cost to Company of constructing approximately 900 ft. of 6 ” cast iron water main, and installation of approximately 20 ft, of 6” cast iron fire hydrant connec­tions, to serve Oakridge Tract, Las Vegas, Nevada; 2 - Company to refund to Subdivider at quarterly intervals, 35^ of revenue received by it from customers located within said tract taking water from the water mains 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 the cost of con­structing said fire hydrant connections), whichever occurs first; 3 - Company to own said water mains; 4 - Subdivider to furnish Company necessary ease­ments where said pipe lines are to be laid in other than dedicated streets and alleys; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Seitz and Assistant Secretary Bachman in executing L.S. Deed Audit No. 5162, dated March 31, 1952, conveying to Evelyn Rose Woodard, a single woman, Lot 5, Block 2, Tract No. 1867, Yermo, California, subject to: 1 - Taxes for the fiscal year 1951-1952; 2 - Conditions, restrictions, reservations, easements and encumbrances of record; excepting and reserving unto LVL&WCo. all minerals and all mineral rights, including oil and gas and rights thereto, 12