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\ S e c tio n 6 . The la n d , w ater p ro d u ctio n , s to r a g e , t r a n s m issio n an3^3TatiFTFut Ion system s and a l l o th e r p ro p e rty r e fe r r e d to in S e c tio n 1 of t h i s agreem ent s h a l l be conveyed to th e D is t r i c t upon th e s a le d ate s u b je c t to a l l ta x e s le v ie d and a sse sse d upon or p ro p e rly a t t r i b u t a b l e to any o f sa id p r o p e r tie s in th e y e a r in which th e s a le d a te o ccu rs and s u b je c t to a l l c o n d itio n s , r e s t r i c t i o n s , r e s e r v a t io n s , easem ents and C e r t i f i c a t e s o f Approp r ia t io n o f W ater o f re co rd e x ce p t ( s u b je c t to th e p ro v isio n s of S e c tio n 2 h e re o f) th e C e r t i f i c a t e o f A p p ro p riatio n o f Water r e fe r r e d to in S e c tio n 2 of t h i s agreem ent. A ll such ta x e s i n clu d in g ta x e s le v ie d in c o n n e ctio n w ith a ssessm en ts upon such p ro p e rty made by th e Nevada Tax Commission s h a l l be p ro ra ted in th e escrow provided f o r in S e c tio n 7 betw een F i r s t P a r t ie s and th e D i s t r i c t as o f th e s a le d a te e x cep t th a t th e R a ilro a d Comp a n ies s h a l l b e a r and pay a l l ta x e s le v ie d pursuant to a ssessm en ts made by th e Nevada Tax Commission under S e c tio n 65^6 o f th e Nevada Compiled Law 1929 as amended upon th e p r o p e r tie s o f th e R a ilro a d Companies, or e i t h e r o f them. S e c tio n 7 . E xcept as h e r e in a f t e r s t a t e d , th e sa id land and o th e r p r o p e r tie s r e f e r r e d to in S e c tio n 1 o f t h i s agreem ent s h a l l be conveyed to th e D i s t r i c t through an escrow to be opened w ith th e FIRST NATIONAL BANK OF NEVADA, o f Las V eg as, Nevada, not l a t e r than th e tim e when th e D i s t r i c t s h a l l have so ld duly a u th o rized bonds s u f f i c i e n t to ep ab le th e D i s t r i c t to pu rch ase th e prope r t i e s r e f e r r e d to in S e c tio n 1 o f t h i s agreem ent and to e s t a b l is h a R e lo c a tio n Fund pu rsuant to S e c tio n 5 o f t h i s agreem en t. W ithin t h i r t y (3 0 ) days a f t e r th e D i s t r i c t s h a l l have re c e iv e d th e p ro ceed s from th e s a le o f sa id bonds: (1 ) The D i s t r i c t s h a l l d e p o s it in s a id escrow n ot l e s s th an th e pu rchase p r ic e o f th e p r o p e r tie s r e f e r r e d to in S e c tio n 1 h e r e o f, p lu s th e amount re q u ire d f o r th e e s ta b lis h m e n t o f a Relo c a t io n Fund pursuant to th e p r o v is io n s o f S e c tio n 5 h e r e o f; and (2 ) The F i r s t P a r t ie s s h a l l cau se to be d ep o sited in sa id escrow a l l documents re q u ire d to t r a n s f e r , a s s ig n or convey to th e D i s t r i c t th e p r o p e r tie s r e f e r r e d to in S e c tio n 1 h e r e o f. Said escrow in s t r u c t io n s s h a l l p rov id e th a t th e sa id E scrow Agent s h a l l pay to F i r s t P a r t i e s , o r such p a rty as th e y s h a ll d e s ig n a te , th e pu rch ase p r ic e o f th e p r o p e r tie s r e f e r r e d to in S e c tio n 1 h e re o f when: (a ) Said Escrow Agent has re c e iv e d n o tic e from th e p a r t ie s h e re to th a t F i r s t P a r t ie s have d e liv e re d to th e 2 1 .