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OFFICERS AND DIRECTORS SPENCER L. BUTTERFIELD VICE PRESIDENT LAS VEGAS VALLEY W ATER DISTRICT WILLIAM COULTHARD SEC'Y-TREAS. 900 SOUTH STH STREET HARRY E. MILLER E. OTTO UNDERHILL JAMES CASHMAN JOHN BUNCH LAS VEGAS, NEVADA P . O . B O X 1 4 4 8 Page Two August 25* m2 The cost of ell Improvements py you sufesagwent to September 1st* I $52* up to the dote of consummation of the sale* will be added to the amount of the purchase price* Said purchase price shall ha paid to you In cash m in such other medium of payment as you may designate. I* I* understood that In order to finance this purchase It Is necessary that the undersigned created ad Is acting* Therefore* one of the conditions of this offer Is that It shell not b# binding upon the undersigned until Its bends so to he aetharfwdl ate sold and the money, therefrom is a vat table. This offer shell remain In effect until It is refected by you or is withdrawn by the vwder- •fgntd fey notice given thirty days before such withdrawal becomes effective* which notice shaft be mode ad given with the sorts© formality ® this offer *s mode and given* Will ym please advise yum reaction to this offer* and if tentatively acceptable, will you suggest a time and place where your attorneys can meet with ours, to draw the papers setting forth e detailed agreement between m pertaining to the subject .matter of , this offer. fee authorised to Issue bonds pursuant to the Statute under which the undersigned was 1? Doted this 25th day of August* 1952 IAS VEGAS VALLEY WATER DISTRICT President Y «r C fodtoi^eW, vW^teSliint mi&m ^tailherd*' Secy'Treos.