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upr000102 157

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upr000102-157
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3. IV of the Instructions. Should there be a similar instruction with respect to the properties covered by paragraph (a) of Section 1 of the Sale Agreement? . Page 12, Section IX, lines &-10. Should the Sellers /be required to pay for the other preliminary title report referred to in the paragraph next preceding? 13) Page 14. Agreement is prepared for execution by Mr. Reinhardt as Vice President of LA&SL, UP and LVL&W. He is Vice President of the second and third only and Manager-Oil Development of the first. If Mr. With respect to the provisions of Section X of the In-awx- uctions relative to the security for the deposit of funds in escrow, you propose that all of Section X except the first sen­tence be deleted and the following substituted for the deleted portions: "All payments made by you to the Water Company shall be made by Cashier’s check, which shall be sent by United States registered, air mail on the day of the pay­ment to L. L. Burri, Treasurer of the Water Company, at 1416 Dodge Street, Omaha 2, Nebraska. "All payments made by you to the Salt Lake Com­pany or the Union Pacific shall be made by cashier’s check, which shall be sent by United States registered, air mail on the day of the payment to L. L. Burri, their Assistant Treasurer, at 1416 Dodge Street, Omaha 2, Mr. Renwick, Mr. Burri and myself, Mr. Burri advised that the escrow bank is a strong financial institution, and that payment by it of the escrow sums by draft or eashier’s eheck would satis­factorily handle this situation without the Section X provisions for additional security or corporate bond, I have no objection to this proposal. drawing near, I trust that Mr. Sutton and Mr. Hulsizer will promptly furnish Mr. Bennett with the figures which are needed to complete these instructions. the President should execute. Reinhardt is to execute these instructions, this should be done under his proper titles; otherwise As, in the telephone conversation of May 14th between As the proposed time for closing this transaction is