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Bet Sale o f Las ¥©gaa stater system to Las ¥«g^ V alley Ma te r Die t r io t ho>& Angeles* Key 21* 1§§4 c0-ll Mr, If, R. Rousei (cc - Mr, Mr, Mr, Mr. Mr. Mr. Mr, I am enclosing a revised copy o f Escrow Instructions* wfeich Incorporates su b sta n tia lly a l l o f the suggestions which have teen received from representatives o f the D is­t r ic t and Company o f f ic ia ls to date, tilth reference to the suggestions contained in Items fe, ®* 11 and 12 o f your le tte r to me o f May 13, 1954, re ­garding the proposed Esoros In stru ctio n s, i t is not our in ten tio n to condition the payment o f the sales p rice up­on the fu rn ish in g o f a preliminary t it le report o r a p o l­ic y o f t it le insurance on the sm all parcel o f land de­scribed la paragraph (1) o f Section 1 o f the sal® Agree­ment. The reference to paragraph (1) of Section 1 at lin e 5» page 12* o f the f ir s t d ra ft o f the Escrow Instructions was in e rro r and should have been to paragraph (a) o f Sec­tio n 1, There is nothing in the Sale Agreement of June 1, 195% which requires the S e lle rs to fu rn ish any t it le re ­port or p o lic y o f t it le insurance to the D is tr ic t with re ­spect to th is piece o f property. I believe th is explana­tio n w ill c le a r up the questions which you ask in the a-cove tasntioned items o f your le t te r o f May 18, 1954. ^ have sent a copy o f the proposed Escrow Instruc­tio n s to the F ir s t national Bank o f Hevada fo r the pur­pose of obtaining any suggestions which the Bank may have and to ascertain the basis fo r the escrow fees which w ill be charged. A* ! , Stoddard Wm, Eheinhardt W» H, H u lslzer ft* M. Sutton t>. II. Estes C alvin M, Cory ie. ft,