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M c N a m e e & M c N a m e e LEO A. MCNAMEE JOHN H. McNAMEE A T T O R N E Y S AT LAW P. O. BOX 472 E L P O R T A L B U I L D I N G PHONE ISSS L a s V e g a s , N e v a d a N o v em b er 16, 1954 M r. E . E . B en n ett G en era l S o lic ito r 422 W est 6th S tre e t L.os A n g e le s 14, C a lifo rn ia Y our F ile 80-11 D ea r Ed: 1 d is c u s s e d you r le tte r of N o v em b er 8th w ith th e B oard of D ir e c to r s of the W ater D is tr ic t and s u g g e ste d to th em : That w h ile S ectio n 6 of th e a g r e e ­m en t dated June 1, 1953, b etw een th e R a ilro a d C om pany, th e W ater Company,' and th e W ater D is tr ic t , p rovid ed that th e p ro p erty w ould be co n v ey ed to th e D is tr ic t su b ject to a ll ta x e s le v ie d and a s s e s s e d upon, or p ro p erly attrib u ta b le to , any of sa id p ro p erty in th e y e a r in w hich th e s a le date o c c u r s , it is a ls o p ro v id ed in sa id s e c tio n and in th e e sc r o w in s tr u c tio n s that "A ll su ch ta x e s i V in clu d in g ta x e s le v ie d in co n n ectio n w ith th e a s s e s s m e n t s upon su ch p ro p erty \ m ad e by th e N evada T ax C o m m issio n , s h a ll be p r o -r a te d b etw een th e F ir s t P a r tie s and th e D is tr ic t a s of th e s a le d a te, e t c ." \ In asm uch a s th e s a le d ate w as July 1, 1954, at w hich tim e o n e -h a lf of th e ta x e s had b een ea rn ed and th e p ro ra tio n w ould b e fif t y - f if t y . ta x e s and le t th e W ater D is tr ic t a r ra n g e fo r th e s a tis fa c tio n of th e th ird and fourth in s ta llm e n ts of sa id t a x e s . m ad e in th e a s s e s s m e n t r o ll a fte r th e f ir s t M onday in A p ril in each y e a r , and that th e q u estio n of r e lie v in g a p ie c e of p ro p erty b elon gin g to th e D is tr ic t fro m ta x a tio n w ould h a v e to b e tak en up w ith th e N evada T ax C o m m issio n . T hat th e G ran tors pay th e f ir s t and sec o n d in s ta llm e n ts of th e 1954 T h e D is tr ic t w ill h a v e to ta k e th e m a tter of r e lie v in g th e land fro m th e b a la n ce of th e 1954 t a x e s , up w ith th e N evada T ax C o m m issio n , My su g - g e s tio n w as ap p roved by the B o a rd of D ir e c t o r s . 1 ta lk ed to th e County A s s e s s o r and w as a d v ise d that no change is If th e fo reg o in g is a c ce p ta b le to th e R a ilro a d C om pany, p le a s e a d v is e . c c C .M .C o r y L,» V , V a lley W ater D is t.