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Los Angeles, September k » 1953 £1. -i/7\3z<3UUb y co ^ >-- MEMO: Mr. Wm. Reinhardt: 1953# Regarding Mr. Stoddard's letter to yon of Sept, below: 2# Mr. StoddIa rfdi nodf wJeu ldyo 1n6,o t 1h9a5r2#e Mrre*f eHrnrlesdi stsoe.r 's I lecthteeekre dto with Mr. Hulsizer* s office by telephone and I am advis ed that their file does not Indicate yon were fnmished a copy. today to MTrh.e yJ woihlnls ofno wrhwaor wd iclol pybe a iirn mtahiel ofsfpieccei aMlo nddealyi very morning and hand it to yon. I understand it is a five page letter. L.G.C, m % E. E. D. SEP & 1W| Mr. Johnson: This has reference to Mr. Stoddard’s letter to Mr. Reinhardt of Sept. 2nd relative t.o a newspaper article in the Las Vegas Morning Sun of August 26, 1953, regarding bond issue of the Las Vegas Valley Mater District, which article quotes Mr. Campbell stating that .Union Pacific was interested in buying $2$ million in water bonds or the same amount to be paid by them in the purchase of the water facilities. Mr. Stoddard stated that Mr. Hulsizer made statement in letter to him dated July 16, 1952, reporting result of meeting with Water Trustees held in Mr. Reinhardt’s office July 11, 1952, that board members asked if Union Pacific would be willing to accept bonds as the purchase price of the property, and Mr. Stoddard replied that we might be prepared to do so if they are general obligation bonds, Mr. Stoddard stating that "as you know our authorization contemplates acceptance of bonds in'whole or in part if necessary to consummate the sale." Mr. Stoddard further states "naturally we would prefer all or part cash, but in view of the statement in attached clipping I am wondering if there has been any further discussion or indication that the Railroad would be expected to take bonds for the entire obligation.."