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\ The 19X3 contract extended from time to time on the basis of $200 per month met "the expense we were put to to establish new mains and take care of better.pressure*" (I & S Docket 92) The Union Pacific Railroad Company operates the water production facilities owned by the Los Angeles and Salt Lake Railroad Company* The Las Vegas Land and water Company is a wholly owned subsidiary of Los Angeles and Salt Lake Railroad Cor,ipany and operates a water distribution system in Las Vegasc The physical and corporate ties between the Railroad Company and the Las Vegas Land and Water Company are such as to indicate ‘‘the financial results of the operation weuli be the same as if owned and operated as one company*11 (page 2. ' A, I & S 127) The 1929 contract gave to the Railroad Company $979 per month for continuous flow of not to exceed 3900 gallons per minute of water which is based on the amount 01 69 per annum on the money expended by the Railroad Company in the total equipment of water facilities apportioned to the Railroad and Water Company on the percentage of water used by each during the previous twelve month periodo The 1990 contract (not approved) fixes as between Railroad and its Water Company an "agreed value" of $79lj61t3» for the water production facilities as of January 1, 1990 and an amount equal to per annum upon the "agreed value" of the water production facilities adjusted to reflect any changes in market value since January 1, 1990 of the water bearing lands and rights of way0 "The books of the Las Vegas Land and Water Company are kept in Omaha." (Transcript, page 200, I & S 127) "Practically the only accounting done at Las Vegas includes the collection for water sales and the reporting of such sales to Omaha, - 12