upr000341 14

§g ' w m r w lias Yege» 1953 W 23-l-llS-l |||te I9V ^£• •v£ a ir 1 Mr& JS*-0 Bennett - Los Angeles g o t G. M. Gory Wfii. G. M. Bates Mr. M, ft. Sweeney of the Pioneer title SNHNntfMMt Company ImM requested advice m to the amount o f liability to be set up in Policies of title Insurance which will be presided the Lae Veg&a Land and Water Coapany by SaMlvUiie, in accordance with provisions contained in agreements with Subdividers, under Article 1, Sections 5 and 7* which are quoted below? h jm* o provide the Las fegas Land and Water gmsp&tsy w ith , JfjMy policy o f title insurance showings {&) Where pipe lines are located la dedicated ^gSSU streets o r alleys,* or in areas dedicated for public utllitf • purposes; that the dedication o f such street© and alleys, o r areas fey public utility purposes, penalts the l&yli “. of water lines and that any subdivision m&p with r m jn thereto h&a been duly signed by all owners of record oi the land involved, and duly i-ecorded. (b) Where pipe lines are located in. other tha|te.r dedicated streets and alleys, or dedicated public uttl&fr areas; that the easements referred to in SuMivlcloa>|P'' hereof grant to the Company a valid private e&s assert"’for pipe lines in said easement area. “7. The Subdivide? father agree® not to m wm m oo tlml construction of the pipe line covered by Subdivision 1 hereof until such tine as it has furnished to the &|pr\wJ p&ny policies of title insurance required by Subdj|ij.siGjb; | 5 hereof.® In connection with this subject, it should bo. realised ' I T 1 Silk the condition© prevailing with respect to easements* m til& iM qitl and alleys, and private easement®, as well as the cost of p.s..ym l to be constructed therein, will vary greatly in each .instance, liability to be set up in Policies of Title Insurance is to m determined on the basis of valuations, it will vary with oaoWf I>SH/