upr000349 52

Onahs - 704-16 RECEIVED UNO & TAX DEPT. Hr. I* I* MonMtt - U»«t Angolas9 Calif*t hay 2 4 1954 (CC - Mr* A*I*Stoddard If* t* 1!* BoaSO If# *#iaiiijfeufcr«t - s»§olo*t'Cali Mr* Sr* Calvin tucory - Lao Vogas9$ov* Mr* I.,*a*^ag - Las fogasyKov* if * C * 4 * ta to s - Los ^ g e l t s i ^ C a l i f i Mr* *t.6arri) AS ?Og«S*bOV* l« i| # ii$ | 5 a li| r ^ ''"" Los 4&g0l0S9€allf• l o ir lo tto r May 69 1954 t© ;4r* ? • i.* Beaso* is shown fey ststossofit sort to you w i t h ay io tto r dated May 19t tho sals pries for tho water syatoss as of April J09 1954 asountod to <|29ll7966l*4l* Based on satlasted efcargoe in tnrost* »ont9 inoloaing ostlaatsd expenditures for drilling two now water •oils and any other oxpondituroo loss rotirostontSf sffooting ' In-vastwont to bo iaeao feotwoor* April 10 and July 19 1954» tho salo prieo as of July 19 1954 Is oxpaotod to ho 6294759v46.ll as par attaohod atstoaonf* will bo added to the ootiaatod figure of $294759046*1S9 whon eosts are &vall&bl« 9 taros and oserow ehargo# to bo prorsiod and ar­il onod in aeeardanoo with provisions of 6 and 7 of tho contract* 1701-1 to Mr* C* 1* rotosy 1 ossubmi ho will advis# rog&rci&g tfe-« portion of tho purchase pries to bo allocated to tho railroad ease-patios as ooosicoration for tho granting of tho oo*o&ent» for \ power linos referred to is Paragraphs 4 iM 5 * .-odilon i of tho y escrow iiuilmiiMi* 4s indiested in tho note tho on on tho otet«aent9 thoro In viow of Mr* ®« h* Bulslser's lottor of lay 119 file