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upr000154-114
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I agree.Mr. E.E. Bennett #3 It eertainly seems that the Water District should take over the Water Company as soon as possible so as to be in a position of advocating their business from a standpoint of a going concern rather than from their present approach of a "paper" organization. It is my understanding that Mr. Stoddard took this view in his discussion with the Governor and that he either stated or intimated that the company might consider taking bonds of the Water District in lieu of cash in full, for the Water Company. SINCERELY, CMC/b CALVIN M. CORY