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Form 5527-B UNION P A C I F I C RAILROAD (COMPANY s a v ^ : e l e g r a p h i n g M A 1 L G R A M SAVE TELEGRAPHING to the draft of proposed, contract between our companies and the Las Vegas Valley Water District relative to the purchase by the District of our water facilities at Las Vegasi taehed a revised draft of the proposed agreement* A copy of Hr. Bennett*s letter and of the draft of agreement are at* taehed* the enclosed draft merits approval. I have no substantial criticisms of it. Mr. Bennett in the opening paragraph of his letter of the 2 1st says that there may be some alight modifications which will occur as a result of a final check. Along this line we found on review a few provisions which in our judgment might be clarified, and our suggestions have been communicated to Mr. Bennett by *phosc* He will work them out and anticipates no serious objections from the attorney representing the District* in Los Angeles requesting that he confer with Mr* Bennett* 1 am advised that this conference has been held and that at Mr. Perkins* direction his department here has reviewed a draft of the agreement* Mr* Bennett points out that the principal change of importance in the present draft over the draft submitted, in March of this year has to do with the performance of and the payment for the work of construction, relocation end removal of pipe and wire lines, the procedure is spelled out in Section $ of the draft beginning on page 2lj.. An escrow is to be opened with the First national Bank of Nevada at Las Vegas (Section 7 beginning on page $0), and the District, if the bond election carries and a sufficient amount of bonds is sold, is to deposit with the escrow agent not only the purchase price of the property but also the estimated cost of the work to be Omaha - Maayid e25* 1953 Mr. A. 1* Stoddardi Mr. E. E. Bennett * Los Angeles) ^ Referring to your File 199 with particular reference Under date of May 21 Mr. Bennett wrote me and at- Essentlally I think the agreement as reflected in Xou have a copy of my wire of May 23 to Mr. Perkins R. L» A. may 28 1953