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N On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt and Secretary in executing agreement "N"L.D. 2332, dated November 18, 1949, between LVL&WCo., called "Company”, and Thomas T. Beam, called "Subdivider", providing: 1 - Subdivider to pay to Company $3,840.00, estimated cost of approximately 960 ft. of 6" cast iron water main to serve Block 1, Amended Church Addition, Las Vegas, Nevada; 2 - Company to refund to Subdivider 50% of monthly revenue received by it from customers in said Block 1 of said Addition taking water from said water main for period of ten years from date of completion of said installation, or until Subdivider has been repaid the actual cost of said line; ? 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; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of Vice President Reinhardt on behalf of this Company in executing lease agreement C.L.D. No. 10305, dated November 21, 1949, with Anseo Construction Company, a copartnership consisting of Anson Murphy and H. F. Murphy, Lessee, covering premises located in Lot 25, American Colony Tract, Long Beach, Calif., for use as private roadway; term beginning November 1, 1949, and extending to November 1, 1954; rental $300.00 per annum, payable semi-annually in advance; subject to termination on thirty days* written notice by either party; be, and the same is hereby, ratified, approved and con­firmed. -5-