Skip to main content

Search the Special Collections and Archives Portal

upr000104 64

Image

File
Download upr000104-064.tif (image/tiff; 27.28 MB)

Information

Digital ID

upr000104-064
    Details

    Rights

    This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.

    Digital Provenance

    Digitized materials: physical originals can be viewed in Special Collections and Archives reading room

    Publisher

    University of Nevada, Las Vegas. Libraries

    A ****' / / M r. L eo M cN am ae brought up the m atter of clo s in g out p u rch ase p r ic e adjustm ent fund, m entioned in Paragraph IV (d) of E scrow Instruction s dated June 21, 1954 (E scro w No. 121905) betw een the R ailroad C om p an ies, L as V egas Land and W ater Com pany and L as V egas V alley W ater D is tr ict, as am ended by the "Am endm ent to E scrow In s tru ctio n s ," betw een said p a rties, a lso dated June 21, 1954. M r. N elson Conway advised that he had the final rep ort c o m ­pleted. That fro m his ca lcu la tio n s, which w e re con cu rre d in by the Union P a cific R ailroa d C om pany’ s a u d itors, the amount of the pu rch ase p rice was $ 2 ,3 1 7 ,2 7 4 .9 3 ; that the D istrict had paid into escro w the sum of $ 2 ,4 7 5 ,0 4 6 .1 8 ; that the said P u rch a se t r i c e Adjustm ent f und was the sum o f $176,016.54. That the d iffe re n ce betw een the amount paid into e scro w and the am ount of the purch ase p r ic e is the sum o f $157, 771.25, which amount the D istrict is entitled to have refunded, and the d iffe re n ce betw een the amount of the P u rch a se ^ rice Adjustm ent Fund, to wit: $176,016.54 and the said sum o f $157, 771.25 is the sum of $ 1 8,2 45 .2 9 which latter sum belongs to the R ailroa d C om panies and L as V egas Land and Water C om pany. Upon m otion m ade by D ire cto r C ornw all and secon d ed by D ir e c ­tor C oulthard the follow ing resolu tion s w ere unanim ously adopted; RESOLVED : That the P resid en t be and he is h ereby au th orised to notify in w riting, F irs t National Bank o f N evada, T ru st D epartm ent, the E scrow Agent in E scrow N o. 121905 , to d istribu te the P u rch ase P r ic e A djustm ent Fund held by it in said E scro w , am ounting to the total sum of $176,016.54, as follo w s: T o L as V egas V alley W ater D is trict $157,771.25 th e re o f, and to Union P a c ific R ailroa d Com pany, L os A ngeles & Salt Lake R ailroad Com pany and L as V egas Land and W ater C om ­pany (o r as they m ay oth erw ise d ire ct) $18,245.29 th ereof. BE IT FURTHER RESOLVED that said E scrow Agent be in form ed to hold the R elocation i and, m entioned in Section VIII of said E scrow In stru ction s, until fu rth er n otified by the p arties to said E scro w , and BE IT FURTHER RESOLVED that as to the p ro -ra tio n o f ta xes, said E scrow Agent be notified that such p ro -ra tio n w ill be m ade by the parties to said e s c r o w , ou tside of said e s c r o w ; and BE IT FURTHER RESOLVED that upon receip t by the