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upr000089 84

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upr000089-084
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    University of Nevada, Las Vegas. Libraries

    Las Tegaa Talley Water District Fag* 2 to make inter-company transfers and to convey the properties to you fey any means Which they elect which will result in the transfer of ti­tle to all of the said properties to you in consideration of the total purchase price men­tioned in your letter of December 10, 1952* The exact manner in which the conveyance will fee made will be set forth in the formal and binding agreements later to be made* 3* The obligation which the undersigned may undertake under the formal agreements to convey the said properties to you will be subject t© their ability to obtain such approval of ap­plicable governmental authority, including the Sevada Public Service Commission, as may be re­quired* 4. If you and the undersigned are unable t© reach an agreement within - months up­on the terms of formal agreements covering the purchase and sale of the above mentioned prop­erties to you, the undersigned reserve the right to discontinue negotiations or any fur­ther obligations under this tentative accept-