upr000104 41

*. CO’.W* 1 AW.F NGP T H I BBS fOUr tgf.bTON C C o n w a y . M o e . H i b b s & F u j m 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 . iV U£.-USTb l&j M E M B E R S A M E R I C A N I N S T I T U T E o f A c c o u n t a n t s T E L E P H O N E 7 0 2 0 To The board Of directors \ 1 .as Vegas . Valley »*ater district » 900 fouth Fifth 5 treet Las Vegas!., VaVada " 1 kmtleaaen: •• i.aouiit herewith summary statements of certain financial transactions of the Las vh.'hs Land and i a ter Company, Identified as follows* 'xhibii A— ' uromary of Adjustments bowing Additions to and deductions of .^asic Purchase Price for the rnsriod optember 1, 1952 to June 30, l?5h Exhibit — ' \2nr.uiry of Citanges in the Ledger balance of Invest­ment .ccount do. 12—.rater rystem of Las Vegas Land nd ».iter Company for the period aptember 1, lb52 to J une 30, 19$L bchioit 0— Tummary of bhanges in the Ledger dal..nee of Con­strue tlop ivniices Subject to Refund—Account bo. 173 of .ois Vegas Land and Later Cjmpuny for the period -pteaber 1, 1952 to June 30, l?5u I *? .11 ; The summary statement of adjustments, Exhibit A, sets forth the additions to and deductions from trie " asic tufehase rice" of *2,500,000.00, as prepared by the auditors for the Las Yeg s Land and >ater Company pursuant to a contract be­tween that company, hereafter referred to as "oilers, and yourselves as Buyers, rhe contract Is dated June 1, 1953 and is more specifically .referred to as an agreement between Los Angelas and alt Lake Railroad Company, Union Pacific hail-road Lor,pan--, Las Vegas I and and Later Lompany 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 -.ater .-istriet, a political subdivision of the ' trite of Nevada.