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las Vegas, leva&a, October 18, 1934. Mr. IS. i2* Bennett: Replying to your a of October 16th relative to water system-Of las *©ms Land and Water Company, will say that from time to time there is talk here about municipal ownership of water utilities, but the impression I get from this talk is not so much about the City taking over the land and Water Company’s holdings, as it is for the City to install its own system, using the water from the artesian Well on city owned land located a mil© or so northwest of the Railroad Company’s spring, 2herc is a statutory authority a thorizing the City of las Vegas to purchase os acquire public utilities and this is contained in *->eotlon 31 of the Charter of the City of las Vegas, as amended by the session laws of 1931, (Cee 1931 Nevada statutes, Iage 3Tt, subdivision 5.) Pursuant to that section, the City Commissioners have power to borrow money on the credit of the City and to issue bonds therefor* Share is no limit as to the amount of bonded indebtedness the City can incur for the purpose of procuring supplies of water. She section provides that the Board of City Commissi oners shall have the power to acquire or establish any public utility in the man ar therein provided, and the procedure to acquire ease would be as follows: fhe Board issues a proclamation setting forth brelfly the public utility proposed to be acquired, the estimated cost thereof as shown by the report provided by the Board and Mayor or an engineer or party appointed by the board for that purpose, the proposed bonded indebtedness to be inc rrod therefor, the terras, amount, rate of interest, and time within which redeemable and on what fund, 5h@ proclamation is published once a week for three successive weeks in a news paper and states the date of the meet-, ing at which the Board will pass the ordinance Providing for the bond issue, the time fixed, the Board proceeds to enact on ordinance for such purpose, tjhich shall conform in all respects to the terms and conditions of the previously published proclamation# lie rote of tho electors is required, except that if a petition is presented to the Board, signed by qualified electoi’s of the City aonal in number to 1 :V-'