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H ik . O’MELVENY 1885-1941 B. C. |# r 25 1954 LOUIS W. MYERS JACKSON W- CHANCE JOHN O'MEL.VENY JAMES M. IR V IN E ,JR . PAUL FUSSELL SIDNEY H-W ALL WILLIAM W. CLARY RICHARD C-BERGEN HARRY L.DUNN WILLIAM P. MARTIN JAMES L .B E E B E DEANE F. JOHNSON PIERCE WORKS RAY H. LINDMAN HOMER I. MITCHELL JAMES C'.GREENE GRAHAM L.STERLING , J R . WILLIAM W.ALSUP W- B. CARMAN EDWARD C . FREUTEL, J R . MAYNARD J .T O L L JOHN A . POWELL E. HARLEY WALTHER FREDERICK N. EDWARDS JAMES W. BEEBE ADRIAN C.STANTON RICHARD B.RAGLAND LAUREN M.W RIGHT WARREN M.CHRISTOPHER RODNEY K.POTTER WILLIAM E.W ILE Y ,JR . PHILIP A .LO O M IS , J R . RICHARD F- IGL GEORGE F. ELMENDORF ROY E-POTTS ROBERT W. LEWIS ROGER WILLIAMS RUTH ANN SAYLES R. BRADBURY CLARK HOWARD J . DEARDS GILBERT E. HAAKH FRANKLIN T. HAMILTON WENDELL B.W ILL JAMES E. DUNLAP WILLIAM L.SCOTT PHILIP F. WESTBROOK,JR. EDWARD B.SM ITH,EH HUGH L.M A CN E IL DONALD R. HODGMAN CLYDE E.TRITT R. BRUCE HOFFE ERNEST M .C LA R K ,JR - NEVINS D. YOUNG EVERETT B . CLARY DOUGLAS F. RICHARDSON BENNETT W .PRIEST JAMES E.CROSS S U B J E C T LAS VEGAS VALLEY WATER DISTRICT L A W O F F I C E S O F O ’M E L V E N Y Sc M Y E R S 4 3 3 S O U T H S P R I N G S T R E E T L O S A N G E L E S 13 e. e. b. M&V 26 195* May 25th 19 5 ^ Mr, C. D. Brown Trust Officer, First National Bank of Nevada Las Vegas, Nevada H O L L Y W O O D O F F I C E 6 9 2 0 S U N S E T B O U L E V A R D L O S A N G E L E S 2 8 C A B LE A D D R E S S "M O M S " I N R E P L Y R E F E R T O B-2805 Dear Mr, Brown: We have received your letter of May 22, 195^* indicating the willingness of your Bank to act as escrow agent in connection with the transfer of the water facilities of the Las Vegas Land and Water Company to the Las Vegas Valley Water District. There is one matter which should be brought to your attention before the escrow is opened. Under the provisions of the District Act and the resolution issuing bonds of the District, all deposits of District moneys in banks must be secured for the benefit of the District by the deposit of certain securities in escrow in a bank other than the depositary. Accordingly, at such time as the moneys are paid into your Bank for the escrow, it will be necessary for your Bank to secure said deposits by placing certain securities In escrow. We suggest that with respect to the arrangements to be made you contact Mr, Campbell, President of the District, and he should be able to advise you concerning the matter. In the event that you are unable to contact Mr, Campbell, we suggest that you discuss the matter with Spence Butterfield with respect to similar arrangements which have been made with the Bank of Nevada concerning the deposit of District moneys made in that Bank, Very truly yours, O ’MELVENY & MYERS / By FTHig/ Franklin T. Hamilton ccs ^Edward C. Renwick, Esq. Assistant General Solicitor Union Pacific Railroad Company Mr. Thomas A. Campbell, President, Las Vegas Valley Water District