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upr000262-085
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1 2 3 4 5 6 7 8 9 10 11 12 1 3 1 4 1 5 1 6 1 7 1 8 1 9 20 2 1 22 2 3 2 4 2 5 2 6 the sue ef f k v m Hundred Twenty Thousand Bolters (#320*000.00). within the tine and in the manner provided in Section f hereof the District shall do* posit in the essrow referred to in Seation f M i d ana of Three Hundred Twenty Thousand Boilers ($320,000.00) plus s s u m equal to ton percent (lop) thereof * the tots! of both of said sm m being the aggregate Mount of Three Hundred Fifty-tw© Thousand dollars (#352*000.00). (Said aggregate amount of throe Hundred fifty-two Thousand Dallars (#352*000.00) is heroin sometimes referred to as "Relocation Fund".) The escrow instructions referred to in Section f shall provide for disbursements by the .Escrow Agent fro* M i d Relocation Fund pursuant to the proviaioaa ef this Section 5 * * *. *wh#n all the work provided for In Section 5 has been consisted and all contractors employed either by the District or the First Forties shall have been paid in full# the District and the First Parties shall so notify the lacrow Agent, and thereupon any portion of the Relocation Fund remaining in the hands of the lacrow Agent shall be paid to the District.* Pursuant to the foregoing quoted portion of said Section 5# the District did* on or about tho 26th day of Juno, 1954, do* posit in escrow with First National Bank of Nevada (at its South Third Stroot Branch, Isa Vegas, Nevada) tho sua of Throe Hundred Fifty-two Thousand Dollars (#352,000.00)» therein called "Relocation Fund", togothor with ieerow Instructions dated Juno 21, 1954, (Userow Ho* 12*1005), executed by the parties hereto. All of tho work spocifiod in M i d Seetlon 5 has been per* formed, and has baan fully pcId for. Zt la agrsMbl# to tho partloa hereto that tho M i d Relocation Fund, to*wlt, tho s u m of Thro# Hundred Fifty*tw© Thousand Dollars ($352*360.06} bo forthwith pc id to tho District, by M i d First national Bank ef Hevada* Escrow Agent. ROM, THHREPORJS, in consideration of the mutual agreements 2.