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Las Vegas Valley Water District f February 6, 1953 4. All land and other property conveyed to youwill fee eenveyedsUbdactto all taxes ? | levied' and ?assessed upon, ? or properly attrib- ? utable ? to> any of said properties: in ‘ the year in which the sale date occurs, but' such taxes shall"'be -prorated- as provided in item f .of your letter of January 31, 1953* 5* Theforraal agreements between you and the underaigned for ? the -purchase' -and sale of Said property ? Shall”? provide? that - al 1 -'obligations of the undersigned thereunder shall ter* ainate on December 31, 1953* if oner before that date you shall not have paid the full purchase price of said properties, to the undersigned or into escrow for delivery to the un- derslgnedwhen the undersigned shall have conveyed all of said1 properties to you. 6i If you and the undersigned are unable to reach an agreementwlthin three -(3) months upon the tern® of formal agreements covering ? - the'purchase'- ? and sale of the above • mentioned properties to you, j the undersigned reserve the right to discontinue negotiations or any further obligations under this tentative acceptance of your proposal of January 31, 1953* Ourattomeya are ready te immediately' commence negotiations with your attorneys for the purpose of drawing up formal detailed agreements. LOS ANGELES& SALT LAKE RAILROAD COMPANY UNION PACIFIC RAILROAD COMPANY LAS VEGAS LAND AND WATER COMPANY ©y President y