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I agree.General Counsel recommends an examination of the water rights and water properties embraced in the mortgage, and an examination of the title deeds before the railroad company makes any real estate decisions.
hln001053. Union Pacific Railroad Collection, 1828-1995. MS-00397. Special Collections and Archives, University Libraries, University of Nevada, Las Vegas. Las Vegas, Nevada. http://n2t.net/ark:/62930/d1c827f10
English
Las Vegas - Maintenance of Water System. Dec. 11th, 1906. Mr. H. I. Bettis, Auditor. Dear sir:- Referring to yours of Dec. 4th, relating to the above sub-ject. I assume that the lands in question are embraced in the First Mortgage of the Company, dated July 1st, 1903, (See pp.23-4). Power of the Trustee under said mortgage, to release property embraced therein from the lien thereof, is defined in Article VI of said Mortgage (See pp.73-7), and the property in question cannot be released from said mortgage, except upon the procedure by the Rail-road Company and its officers therein pointed out. Before any steps, however, are taken by the Company in that di-rection, I think it would be advisable to know what the water rights and water properties are which are embraced in the mortgage, or owned by the Company, whether embraced therein or not. I think it would be well to have the title deeds of the Company examined, and to consider whether or not any or sufficient steps have been taken to safeguard the Company's title to the water rights, independently of the land rights, before anything further is done in the matter, and to this end I would thank you to have examined the records of the Company if necessary, upon this point. Yours very truly, WRK-M. General Counsel.