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Page 2 December 23, 1953» general Solicitor Bennett of the Railroad Company, Informed Attorney Leo McN-mes, loeal counsel for the District, that when the October 15 drafts were sent on to executives in tlaM^erT?ri2Ue5t^d 2ha\ ®om*one go back and discuss them. a£*iL S* ?fnwick* A®»b. Sen. Solicitor went to stated^ thl# purpos®* In hi* let1jer of this date, Mr. Bennett HX am sorry about this delay, but X am sure, since you workings of the law department of the Railroad, n22?« we have to clear these matters with our executives makl«g a^y submission, handling it in this way will in the end expedite the consummation of the trans- January 13, 1953* a final redraft as revised by the union Pacific legal Sfj££,J!Lth® dJ;®cti?n of ex«eutive8, was submitted to the aPProval and execution. Copies were a11 members* counsel and Engineer J.M. "ietrto?^n p^MiAg. PP tW° *"*' oon*>»“> “y the January 31, 19531 The final purchase proposal draft submitted to the 1^,by bhe Hailroad Company was executed by K8^^ eVPply^ °®£bain min°r modifications recommended by the District's Counsel and Engineer* February 12, 1953* general Solicitor Bennett transmitted from Las Veaas «* 22® P^abrict a letter dated February 6, 1953, signed by A E of°therLasPVe«ftsev2i1ingn?hJ fr?posal of Board of Directo® or tne Las Vegas Valley Water District dated January 31, 1953. Mr. Stoddard’s February 6 acceptance letter contained the follow­ing reservations and limiting conditionst ”v?u2,ProP°aal and this acceptance do not constitute a Purchas® and sale, but are intended only *2.225*2 the ba®ff upon whlch formal agreements will be pre­pared for execution by you and by the undersigned. P ”122 fofaal agreeraent^>etween the utility for the purchase and sale of the property will terminate Dec. 31, 1953 in 222«hI22* *?2* 2hJ District shall not have paid the full purchase price into escrow on or before that date. wXf the utility and the District are unable to reach an agreement within three months (from February 6) upon the terms of formal agreement covering purchase and sale, the 5?i;r°aS Company reserves the right to discontinue nego- 22*22? further obligation,B (Noates This would 222 *2? effect of limiting completion of the Agreements now past? forffiUlat®d t0 a deadline of May 6, 1953 which is