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Transcription
#4 Mr. Thomas A. Campbell 2-24-54 Recommendation. As the bonds of the District are payable primarily from revenues, adequate assurances must be given bond purchasers concerning the permanence of revenues. Permanence of revenues can be assured only if the District, and BMI, its water supplier, have Irrevocable rights to transmit Lake Mead water over public lands. To insure a successful sale of the District’s bonds, we recommend that at the earliest possi ble time the District seek the enactment of legislation authoriz ing the granting of permanent rights of way in public lands. Very truly yours, 0'MELVENY & MYERS Franklin T. Hamilton
