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upr000282-057
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    L o s Angeles, July 1 , 1 9 5 3 3 6 - 1 5 Mr. L. R. Maag: (ce - Mr. Vim. R e in h a r d t * Mr. C. M. Bates Mr. Calvin M. Cory) r I h a v e y o u r l e t t e r o f J u n e 2 9 * 1 9 5 3 * e n c l o s i n g a f o r m o f g u a r a n t e e i s s u e d b y P i o n e e r T i t l e I n s u r a n c e a n d T r u s t C o m p a n y w h i c h M r . S w e e n e y s u g g e s t s b e u s e d i n p r o ­v i d i n g t h e L a s V e g a s L a n d a n d W a t e r C o m p a n y w i t h a t i t l e r e p o r t o n n e w p i p e l i n e s l o c a t e d i n d e d i c a t e d s t r e e t s o r a l l e y s . T h e f o r m , w h i c h I r e t u r n h e r e w i t h , a p p e a l ' s t o m e t o b e s a t i s f a c t o r y . I notice that it provides for limits of liability not to exceed blank dollars. It was ray u n d e r s ta n d in g from Mr. Hammill that Mr. Sweeney did not desire to is­sue a guarantee with a monetary liability. However I notice that the form he suggests provides for a mone­tary liability in a blank amount. This, of course, is satisfactory to us, and I suggest that limits of $1,000 be inserted. In view of the form of the guarantee suggested by Mr. Sweeney it is m y suggestion that paragraph 4 ( a ) of the typical Rule 9 agreement which is referred to in my letter to you of June l8th be amended to read as fol­lows: M4. To provide the Las Vegas Land and Water Company M(a) with a title guarantee with limits of $1,000,00, issued by the Pi­oneer Title Insurance and Trust Com­pany, showing that where pipe lines are located in dedicated streets or alleys, such streets or alleys have been law­fully dedicated under the laws of the State of Nevada by the owners of rec­ord of all of the land involved and have not subsequently been vacated or abandoned.M E. E. Bennett Enel.