Mr. Hamilton, as representative of the law offices of O'Melveny & Myers addresses Mr. Campbell, president of the Las Vegas Valley Water District, outlining facts about the Las Vegas Valley Water District, Basic Management Inc., history of land and water rights, and the issuance of bonds.

Lease of the Las Vegas Ranch by Las Vegas Land and Water Company to Willie T. Stewart, Earl Leavitt, and William Udell Stewart. The document lists 13 terms and conditions including such topics as land use, water use, and fiscal responsibilities. "Exhibit A", which is referenced below, is mentioned in lease term number two and shows specific areas of the ranch . The area outlined in yellow was to be used for dairy operations and the red outlined area for grazing purposes.