upr000102 250

ff* 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 with maturity dates not exceeding 18 months, the market value of which at all tYmes shall equal the amoupb of funds on special de­posit hereunder\and such securities sj|all be placed by the said Treasurers in esc3 in the Bank under escrow instructions providing that you shall be entit­led to receive the interest currently payable on said securities during the pendency of apid escrow in said bank and that in the e-vent of your failure to p%y the funds deposited with you in this escrow to the party entitlm M the/reto under the terms of this escrow Y f agreement at the time or tirafes/provided in these Escrow Instruc- « & \ tions, sufficient of the secimities so placed in escrow shall be redelivered to the party herfeta^.entitled thereto to enable said party to realize the amount of m%ney then due said party under the / - at. -e * .r......m......s....... .......o.....f. this escrow and §£ hat saick% securities so delivered to said gf % party may be sold by sai'd party wit% or without notice and the pro- ? g... ........... /"? r... \ ceeds thereof used to Jpay said party%he amount of money which said party is entitled to/under the terms ol. this escrow. In the discre- §9 \ tion of the proper^bfficer or officers & the District and the Wa­ter Company you rally, in lieu of the depoJ&t of such securities, be permitted to dejfiver to the Treasurers of tye District and the Wa­if ' 1 ter Company an#/ • un• dertaki.n.g. or indemnifying b%nd of a corporate sure-ty qualifiedms sole surety on bonds or under%k^ngs as required by the laws of/I the State of Neva.d.a. and app?r.o.v.e.d. .b.ym\the Insurance Com-missioner cWI-k the State of Nevada for th1e •purposelof transacting a surety business within said state, the penal amourft of which shall at no timq be less than the amount of money on special deposit with 13.