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\ 2 - Company to refund to Subdivider 5 0 % of monthly revenue received by Company from customers in said Block 21 taking water from said main for period of ten years from date of completion of said installation, or until Subdivider has been repaid the sum of 81,480; 3 - Company to own said water main; 4 - Subdivider to furnish 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 Strong in executing lease agreement, Audit No. 10404, dated May 27, 1947, with L. R. Epperson, L, J, Eby and E. D. Smith, doing business as Acme House Moving Company, Lessee, covering site for material and equipment, located near California Ave, and 23rd Street, Long Beach, Calif.; term beginning May 1, 1947, and extending to May 1, 1952; rental $159.44 per annum, payable semi-annually in advance; subject to termination by either party upon 30 days* written notice; said lease terminating effective April 30, 1947, lease Audit 10376 with said Lessee, dated October 21, 1946, expiring Oct. 1, 1949; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it v/as RESOLVED, that the action of President and Asst. Secre­tary Bachman in executing agreement, N.L.D. 1866, dated June 1, 1947, with Prank A, Doyle, covering sale to him of Lots 13 and 14, Block 25, Clark's Las Vegas Townsite, Las Vegas, Nevada, for the sum of $2,600, payable $250 upon execution of said agreement and the further sum of 1^2,350, together with interest on unpaid -6-