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Proposed increase in water rates - Las Vegas Los A n g eles, A p ril 1 , 1 9 5 1 . Mr, F . H. K n ick e rb o ck e r: X am ju s t in r e c e i p t from Leo o f a copy o f the new sch ed u le o f r a t e s which has been worked up by Mr, B ra c k e n 's o f f i c e These r a t e s a re i d e n t i c a l w ith th e l a s t sch ed u le su bm itted on Febru ary 2 0 , 1 9 3 0 , accom panied by Mr, B ra c k e n 's l e t t e r o f Febru ary 1 8 , I n t e r e s t a t 6% i s fig u r e d on a v a lu a tio n o f $ 2 8 1 ,9 2 8 ,0 5 , T h is in c lu d e s the maximum v a lu a tio n o f $ 2 0 0 ,0 0 0 p la ce d by our v a lu a tio n departm ent on th e w ater r ig h ts o f Las Vegas Land & W ater Company, p lu s our g e n e r a l le d g e r b a la n ce o f $ 8 1 ,2 7 8 .0 5 , p lu s $ 6 5 0 ,0 0 f o r 4 ” redwood p ip e re q u ire d under work ord er 1 5 2 , In our co n fe re n ce o f Febru ary 2 0 , 1 9 3 1 , i t was d ecid ed to u se an i n t e r e s t r a t e o f Q% on th e v a lu a tio n o f f a c i l i t i e s , and t h i s should in clu d e a f a i r v a lu a tio n on the w a te r, I would su g g est th a t we have an oth er c o n fe re n ce h e re in f my o f f i c e , i f a g r e e a b le , say on A p ril 1 5 , as th e m a tte r o f s u b s t it u t in g f l a t r a t e s in the p la c e o f m eter r a t e s w i l l have to be c o n sid e re d , becau se the L e g is la tu r e approved an a c t , e f f e c t i v e now, w hich p rov id es th a t i t s h a l l be unlaw ful f o r any p u b lic u t i l i t y , f o r any purpose or o b je c t w h atev er, in any c i t y o r town c o n ta in in g more than 4500 in h a b ita n ts , to- i n s t a l l , o p e ra te o r u s e , w ith in such c i t y o r t o r n , any m ech an ical w ater m e te r, or s im ila r m ech an ical d e v ic e , to measure the q u a n tity o f w ater d e liv e r e d to w ater u s e r s . FRM-MK c c Mr, A. S . H alsted Mr, W alter Bracken Mr, R. L , Adamson Mr, Leo A. McNamee