upr000261 147

T v C O N W A i c I T M O P V C »• A • - i C F T M I B B S £8 5 U N S T O N c. C o n w a y . M o e . H i b b s & F u n s t o n C E R T I F I E D P U B L I C A C C O U N T A N T S 4 4 0 H O O V E R S T R E E T . L A S V E G A S . N E V A D A A U£ 16 j 19 L>ii MEMBERS AMERICAN INSTITUTE o f Ac c o u n t a n t s T E L E P H O N E 7 0 2 0 i'o Tiie Board Of directors \ Iva8 V^gaa . Valley »<ater district . < >'00 Touth Fifth Street Las Veguei, Nevada 1 Gentlemen! ., * , * -| "f-‘ o ubmit herewith summary statements of certain financial transactions of the Las ve.'as land and Later Company, Identified as follows: ! ochibit A — ‘umraary of Adjustments “hawing Additions to and ; eductions of >asic Purchase .-Tice for the period ’ optember 1, 1952 to June 30, l?$l» ; • . , • •_ | i, y,_. ' V; Kxhibit — 'ummary of Changes in the Ledger balance of Invest— • t raent ..ccount ,0 . 12— ater rysteiri of Las Vegas Land j and x.-.ter Company - for the period '-eptember 1 , 1952 to June 30, 19$i» ! ochibit .C— Tumiaary of . Changes in the Ledger balance of Con­struction -..ivuncea ‘ object to Hefund-Account . to. 173 of Las Vegas Land and Later C-Jinpuuy for the period iptember 1, 1952 to June 30, 195ii i? \ The summary statement of adjustments, Lxhibit'A, sets forth the- additions to and deductions from the " asic .urchase rice" of «2,500,000.00, as prepared by the auditors for the Las Vegas Land and >ater Company pursuant to a contract be­tween that company, hereafter referred to as “oilers, and yourselves as Buyers. The. contract is dated June 1, 1953 and is more specifically referred to as an agreement between Los 1 uigeles and alt Lake fsilro.id Company, Union Pacific Rail­road voiupan.', Las Vegas Land and Pater Lomonny and Las Vegas Valley ater district, covering the sale of the water production, storage and distribution system at Las Vegas, Nevada, to the Las Vegas Valley <atar . istrict, a political subdivision of the ' tate of Nevada.