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1 (DRAFT of ia /lJ /5 2 ) i December 11, 1952 Board ©f Directors las fsgas Talley Water D istrict las Vegas, Nevada Seat 1 m s i The undersigned Railroad Companies and Water Company have your lattar of December 10, 1952, offering to purchase the water production and water distribution fa c ilitie s together with the 507 acres of water-bearing lands and water rights of the undersigned which are aore specifically described in your letter* The undersigned accept your proposal subject to the following understandings 1* Tour proposal and this acceptance do not constitute a binding contract of purchas# and sale, but are Intended only to state the beele upon which formal agreements w ill be prepared for execution by you and by the undersigned • 2. For corporate reasons i t nay be desirable for the ultimate conveyance of the properties above mentioned to be made to you by one or more of the undersigned, and i t is understood that ths undersigned reserve the right
