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m Section 6. The land, water production, storage, transmission andTHTi^rTbution systems and all other property referred to in Section 1 of this agreement shall be conveyed to the District upon the sale- date subject to all taxes levied and assessed upon or properly attributable to any of said properties in the year in which the sale date occurs and subject to all conditions, restrictions, reservations, easements and Certificates of Appropriation of Water of record except (subject to the provisions of Section 2 hereof) the Certificate of Appropriation of Water referred to in Section 2 of this agreement. All such taxes including taxes levied in connection with assessments upon such property made by the Nevada Tax Commission shall be prorated in the escrow provided for in Section 7 between First Parties and the District as of the sale date except that the Railroad Companies shall bear and pay all taxes levied pursuant to assessments made by the Nevada Tax Commission under Section 65^-6 of the Nevada Compiled Law 1929 as amended upon the properties of the Railroad Companies, or either of them. Section 7. Except as hereinafter stated, the said land and other properties referred to in Section 1 of this agreement shall be conveyed to the District through an escrow to be opened with the FIRST NATIONAL BANK OF NEVADA, of Las Vegas, Nevada, not later than the time when the District shall have sold duly authorized bonds sufficient to epable the District to purchase the properties referred to in Section 1 of this agreement and to establish a Relocation Fund pursuant to Section 5 of this agreement. Within thirty (30) days after the District shall have received the proceeds from the sale of said bonds: (1) The District shall deposit in said escrow not less than the purchase price of the properties referred to in Section 1 hereof, plus the amount required for the establishment of a Relocation Fund pursuant to the provisions of Section 5 hereof; and (2) The First Parties shall cause to be deposited in said escrow all documents required to transfer, assign or convey to the District the properties referred to in Section 1 hereof. Said escrow instructions shall provide that the said Escrow Agent shall pay to First Parties, or such party as they shall designate, the purchase price of the properties referred to in Section 1 hereof when: (a) Said Escrow Agent has received notice from the parties hereto that First Parties have delivered to the 21.