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% 0 ' M Omaha - October 9, o r,\ v 88-7 Mr. 1. S. Bennett - Los Angeles: (CC - Mr. C. F. Bongardt Mr. R. M. Sutton Mr. J. L* Irish Mr. C. W. Craig - Pocatello - 42.112 10-5-53 Mr. W. McGhie - Las Vegas) Tour contract CLD-11342, Omaha Dept* No. CD-39722, dated June 1, 1953, between IA&SL-UPRR-LVL&W Co. and City of Las Vegas Valley Water District covers proposed sale of Las Vegas Land & Water Company, subject to approval by voters of the City of a bond issue, which w e understand was voted upon and carried at Las Vegas election Sept. 30, 1953* Section 1, paragraph *hM of the contract, states - "All automotive equipment, shop equipment, material and supplies (excluding office furniture and equipment in the office of the Water Company) belonging to the Water Company, or any successor in ownership thereof, on the sale date a n d purchased or acquired by it for the purpose of the operation and maintenance of the public utility water distribution system referred to in paragraphs (f) and (g) of this Section 1 and of the elass charged by the Water Company to Account 115— Materials anrj Supplies and Account 327— General Equipment as shown in the annual reports of the Water Company filed with the Public Service Commission of Nevada. It is agreed that the ledger value of the mateafials and supplies charged to said Account 115— Materials and Supplies as of September 1, 1952, was #29,902.90, and that the ledger value of the automotive equipment and shop equipment charged to said Account 327— General Equipment as of September 1, 1952, was #8,379.54»” Union Pacific Railroad Company storehouse at Las Vegas has in its possession, and carried in Union Pacific material on hand account, transite water pipe and couplings having a total value of approximately #2,517.40. This material was provided and carried for the use of Las Vegas Sand & Water Company. quired and transferred to the City of Las Vegas, should the pipe and couplings in possession of our Union Pacific storehouse likewise be transferred to the City as part of the sales transaction. Please advise. If and when the physical properties of LVL&W are ae