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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 referred to in Soot ion 2 of this agreement. M i ouch taxes in­cluding taxes levied in eorrnection with assessments upon such property made by the Nevada Tax Commission shall be prorated be­tween First Parties and the District as of the sale date except that the Railroad Companies shall bear and pay all taxes levied pursuant to assessments made by the Nevada Tax Commission under Section ij§&6 of the Nevada Compiled laws 19S9 as amended upon the properties of the Railroad Companies, or either ©f them* Beotian f. The said land and other properties referred to in Section 1 of this agreement shall be conveyed to the Dis­trict through an escrow to be opened with the BANK OF NEVADA, of las Vegas, Nevada, when the District shall have received, author­ity to issue and sell, and shall have sold, bonds for the purchase of the- properties referred to in Sections 1, § and ® of this agree­ment, or at such earlier time as the parties hereto shall mutually agree. The instructions for a l l escrow shall provide that if the escrow has not closed by December 31, 1995# all obligations of any party thereto shall cease, and each party thereto shall be entitled to the return of any money, documents ©r other proparty delivered Into said escrow by said .party. Raid escrow instructions shall contain appropriate- provisions, not inconsistent with the provi­sions of this agreement, to carry out the conveyance and transfer of the properties referred to in Sections 1, 5 and 6 of this agree­ment upon the payment of the purchase price thereof to the First Parties or such party as they shall designate. Said escrow in­structions shall provide, among other thing®, that the escrow 23