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Form 5527-B 9-48-500.M UNION PACIFIC RAILROAD COMPANY^'\Y c?'/ 'f&L SAVE^TELEGRAPHING MAILGRAM SAVE TELEGRAPHING Mr* A* B* gtotidard t <CC - MB* ttm* Reinhardt Sir# $* B* Bennett Referring to £#££ FUi 199 with particular reference to the dnft of proposed contract between our companies and the Las Vegas Valley water District relative to the purchase by the District of our water facilities at Las Vegasi Bader dat# of Hap 21 Mr* Bennett wrote no and »l* cached a revised draft of tha proposed agreement* A eopy Of iir, Bennett's letter and of the draft of agreement are at- taened# Baseatlally X think the agreement ae refleeted in the enclosed draft merite approval* 1. have nc substantial criticisms of It* Mr* Bennett in the opening paragraph of hie letter of the Slat tape that thera may he aome alight modifications which mill occur aa a result of a final chock* Along this lino we found on review a few provisions which an our judgment might he clarified# end our suggestions have been communicated to Mr* Bennett hy 'phone* He. will work them eut and aattetpates no serious objections from the attorney representing the District. leu have a espy of my wiro of Hay M$ to Hr* Perkins in Los Angeles requesting that he eonfar with Hr* Bennett* X am advised- that this conference haa been held end that at Hr* Perkins * direction hit department here hae reviewed a draft of the agreement* Hr* Bennett point# out that the principal change of importance in the present draft over the draft submitted in March of this year haa to do with the performance of and the payment for the cork of construct ion* relocation and .removal, of pipe and wire lines* Tha procedure is spoiled out in Section 5 of the draft beginning on page &$.« An escrow la to bo opened with tha Hirst Motional Bank of Moved# at Lea Vegas {Section T beginning on page 30)* and the Dietrlet# if the bond election carries and a sufficient amount of bonds is sold* is to deposit with the escrow agent not only the purchase price Of the property but also the eatimated coat of the work to be Omaha - May 25# 2180 j|r% vX HUM 1 is H i Loa Angeles S ' \*v I»aa Angeles))