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Page 2. December 23, 1953: General Solicitor Bennett of the Railroad Company, informed Attorney Leo McNamee, focal counsel for the District, that when the October 15 drafts were sent on to executives tn Omaha, the latter requested that someone go back and discuss them. As a result, Mr. Edward C . Renwick, Assistant General Solicitor went to Omaha for this purpose, in his letter of this date, Mr. Bennett stated: am sorry about this delay, but i am sure, since you know the workings of the law deportment of the Railroad, and that ws have to clear these matters with our executives In Omaha before making any submission, handling it in this way will In th4? eno expedite tne consummation of the transaction.H January 13, 1953: A final redraft as revised by the Union Pacific legal staff under the direc­tion of executives, was submitted to the District for consideration, approval and execution. Copies were immediately furnished to all members, counsel ana Engineer J. M . Montgomery for study. Approximately two weeks was consumed by the Dis­trict in processing. January 31, 1953: The final purchase proposal draft submitted to the District on January 13 by the Railroad Company was executed by the District after applying certain minor modifications recommended by the District's Counsel and Engineer. February 12, 1953: General Solicitor Bennett transmitted from Lc-s Vegas to the District a letter dated February 6, 1953, signed by A. E. Stoddard, President, accepting the proposal of the Board of Directors of the Los Vegas Valley Water District dated January 3i | 1953. Mr. Stoddard's February 6 acceptance letter contained the following reservations and limiting conditions: “Your proposal and this acceptance do not constitute a binding contract of purchase and sale, but are intended only to state the basis upon which formal agreements will be prepared for execution by you and by the undersigned. 'The forme! agreements between the utility for the purchase and sale of the property will terminate December 3,1 >53 in the event that the District shall not have paid the full purchase price into escrow on or before that dare. "If 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 Railroad Company reserves the right to discontinue negotiations or any further obligation. ~ (Note: This would hove the effect of limiting completion of the Agreements now being formulated to a deadline of May 1953 which is now past).