Discussion of the new lease for W. T. Stewart for the Las Vegas Ranch with provisions that Stewart is obligated to use all the water that comes onto the ranch, freeing the Las Vegas Land and Water Company from problems due to effluent.
Notice of the opinion of Union Pacific Railroad attorney that it is possible to sell the Las Vegas Ranch while keeping the water rights associated with it.
McNamee asking for information regarding the Buol well and discussing the possibility of the Las Vegas Land and Water Co. buying land in the vicinity of the Las Vegas Springs to protect their water rights and prevent litigation.
Bracken reporting his visit to Buol's well and recommending a report from an engineer before the Las Vegas Land and Water Company purchases any additional land to protect their water rights.
Bracken asking Clark how to proceed since a man had offered to buy a small plot of land near the Las Vegas Springs who had promised not to drill a well. Bracken recommended to not allow it.