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% of Secretary Miller and Assistant Secretary Magleby, all of the registrars listed are empowered to register only those property owners living within their respective divisions or precincts. Chief Registrar Harry Miller and Assistant Secretary Magleby are authorized to register any property owner living anywhere in the District. Registrars will be available to accept registrations starting next Monday, and will continue to accept registrations until Wednesday, September 23, 1953. 5. PURPOSES OF BOND ISSUE ; Proceeds from the sale of the proposed bond issue will be used as fol lows: AS SET FORTH ON ATTACHED SEPARATE SHEET MARKED ITEM * 2. 6. REVENUE in order to defray operating costs and meet Interest and principal payments on bonded debt, it is estimated that revenue approximating $1,200,000 annually will be required. All of this revenue must be derived from rates paid by water consumers. 7. EXPENSES: Total expenses for the first ten years will average approximately $1,215,000 annually, according to present estimates. This includes the following: Estimated annual average operating costs $ 575,000 Estimated annual average bond interest 350,000 Average annual bond retirement 290,000 rr;2T5',w 8. ESTIMATED WATER RATES > At the outset of operations, the engineering studies indicate that the average annual water rate of each consumer will approximate from $75.00 to $80.00 annually—-or, about $6.50 monthly. This compares with the present average monthly rate of $2.70 per house in Las Vegas. As the population of the area grows, and service connections are increased, rates should decline. 3.