The spring on the ranch had slowed to the point where livestock could not be supported. Bracken recommended that the Las Vegas Land and Water Company drill a well or permit Wittwer to do so.
The purchase contract for the Las Vegas Land and Water Company allows for the contract to be annulled if its bonds are not sold by December 31, 1953. This contract rescinds that deadline, allowing as much time as needed for the sale of the bonds. Agreement that all parties will ignore the provision that any party can terminate the agreement if the bonds do not sell by May 1, 1954.