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Re? Sale of Las Vegas water system Water District to Las Vegas Valley Los Angeles, May 21, 1954 80-11 W M . ft. Mr. A. E. Stoddard ^ AY 1954 Mr. Wm. Rjffeinhardt>^ Mr. W, H, Hulslzer Mr. R. M. Sutton Mr, C. M. Bates Mr. Calvin M, Cory Mr. L. R. Maag) I am enclosing a revised copy of Escrow Instructions, which incorporates substantially all of the suggestions which have been received from representatives of the District and Company officials to date. With reference to the suggestions contained in Items 6, 8, 11 and 12 of your letter to me of May 18, 1954, regarding the proposed Escrow Instructions, it is not our intention to condition the payment of the sales price upon the furnishing of a preliminary title report or a policy of title insurance on the small parcel of land described in paragraph (l) of Section 1 of the Sale Agreement. The reference to paragraph (l) of Section 1 at line 5, page 12, of the first draft of the Escrow Instructions was in error and should have been to paragraph (a) of Section 1* There is nothing In the Sale Agreement of June 1, 1953# which requires the Sellers to furnish any title report or policy of title insurance to the District with respect to this piece of property. I believe this explanation will clear up the questions which you ask in the a-bove mentioned items of your letter of May l8, 1954. I have sent a copy of the proposed Escrow Instructions to the First National Bank of Nevada for the purpose of obtaining any suggestions which the Bank may have and to ascertain the basis for the escrow fees which will be charged. Mr. W, R. Rouse: (cc -