upr000102 97

X E. E. B. LAS VEGAS LAND AND WATER COMPAISMAY 24 1914 ' , ***** 704-36 Omaha fi (CC - Mr. A.E.Stoddard /A' P 0 ^ Mr. W. R. Rouse h W M ? \ Mr. W.Reinhardt - Los Angeles,Galif. I .i'a I Mr. W.E.Hulsizer % . 13 J Mr. Galvin M.Cory - Las Vegas,Nev. Mr. L.R.Maag - Las Vegas,Nev. Mr. C.M.Bates - Los Angeles,Calif. Mr. L.L.Burri) Your letter May 6, 1954 to Mr. W. R. Rouse* As shown by statement sent to you with my letter dated May 19, the sale price for the water system as of April 30, 1954 amounted to $2,317,663*43* Based on estimated charges in invest­ment, including estimated expenditures for drilling two new water wells and any other expenditures less retirements, affecting in­vestment to be made between April 30 and July 1, 1954, the sale price as of July 1, 1954 is expected to be $2,475)046.18 as per attached statement. will be added to the estimated figure of $2,475,046.18, when costs are available, taxes and escrow charges to be prorated and appor­tioned in accordance with provisions of Sections 6 and 7 of the contract. 3703-1 to Mr. C. M. Bates, I assume he will advise regarding the portion of the purchase price to be allocated to the railroad com­panies as consideration for the granting of the easements for power lines referred to in Paragraphs 4 and 5) Section 3 ©f the escrow instructions. As indicated in the note shown on the statement, there In view of Mr. W. H. Hulsizer’s letter of May 13) file R. M.