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upr000344 4

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upr000344-004
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    University of Nevada, Las Vegas. Libraries

    Los Angeles, July 1, 1953 36-15 / Nr. L. R. Maag: (ce - Hr. Wm. Reinhard Mr. C. M. Bates Mr. Calvin M. Cc I have your letter of June 29, 1953, enclosing a form of guarantee issued by Pioneer Title Insurance and Trust Company which Mr. Sweeney suggests be used in pro­viding the Las Vegas Land and Water Company with a title report on new pipe lines located in dedicated streets or alleys. The form, which I return herewith, appears to me to be satisfactory. I notice that it provides for limits of liability not to exceed blank dollars. It was my understanding from Mr. Hammill that Mr. Sweeney did not desire to is­sue a guarantee with a monetary liability. However I notice that the form he suggests provides for a mone­tary liability in a blank amount. This, of course, Is satisfactory to us, and I suggest that limits of $1,000 be inserted. In view of the form of the guarantee suggested by Mr. Sweeney it is my suggestion that paragraph 4(a) of the typical Rule 9 agreement which is referred to in ray letter to you of June l8th be amended to read as fol­lows : ”4. To provide the Las Vegas Land and Water Company M(a) with a title guarantee with limits of $1,000.00, Issued by the Pi­oneer Title Insurance and Trust Com­pany, showing that where pipe lines are located in dedicated streets or alleys, such streets or alleys have been law­fully dedicated under the laws of the State of Nevada by the owners of rec ord of all of the land involved and have not subsequently been vacated o abandoned.M Enel. E. E, Bennett