upr000351 63

C O P Y McNAMEE & McNAMEE Attorneys at Law El Portal Building Las Vegas, Nevada November 16, 1954 Mr. E. E. Bennett General Solicitor 422 West 6th Street Los Angeles 14,California Your File 80-11 Dear Ed: I discussed your letter of November 8th with the Board of Directors of the Water District and suggested to them: That while Section 6 of the agreement dated June 1, 1953, between the Railroad Company, the Water Company, and the Water Dis­trict, provided that the property would be conveyed to the District subject to all taxes levied and assessed upon, or properly attributable to, any of said property in the year in which the sale date occurs, it is also provided in said section and in the escrow instructions that "All such taxes, including taxes levied in connection with the assessments upon such pro­perty made by the Nevada Tax Commission, shall be pro-rated between the First Parties and the District as of the sale date, etc." Inasmuch as the sale date was July 1, 1954, at whih time one-half of the taxes had been earned and the proration would be fifty-fifty. That the Grantors pay the first and second installments of the 1954 taxes and let the Water District arrange for the satisfaction of the third and fourth installments of said taxes. The District will have to take the matter of relieving the land from the balance of the 1954 taxes, up with the Nevada Tax Commission. My suggestion was approved by the Board of Directors. I talked to the County Assessor and was advised that no change is made in the assessment roll after the first Monday in April in each year, and that the question of relieving a piece of property belonging to the District from taxation would have to be taken up with the Nevada Tax Commission. If the foregoing is acceptable to please advise. the Railroad Company, Very truly yours, cc C.M.Cory L.V.Valley Water Dist. LEG A. McNAMEE