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Digital ID
upr000196-098
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I agree.LYL&W Co~ M iscella n eo u s.. . . . Los Ang&les, July 6,1917 D 106 M r .I u t t ;- H e fe rrin g to the,arrangement fur the Las Vegas, Land & Water’ Company to ca rry in i t s accounts value o f land purchased in connection w ith our r ig h t o f way on the Santa Ana Branch, which i s not to he used fo r tran sp ortatio n purposes, and correspondence which we have had on the su b ject: This w i l l confirm understanding which was had w h ile enroute to S a lt Lake C ity on June 17th, th at no in t e r e s t should he charged to the Water Company on account o f money loaned to th at company to purchase the land; fu r th er , th at any p r o f it s or lo sses which may he made hy the Water Company as a r e s u lt o f s e llin g the p rop erty,, would accrue to th at company; and we w i l l arrange t o so handle the matter unless i hear from you to the con tra ry.