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upr000277 138

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upr000277-138
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Form 2191B C S 10-28-150,000 j Jfaetfr*#' = = EGlRAM j v‘ • M SYMBOL X CLASS O F S E R V IC E R EQU IR ED Px Preferred immediate delivery Dx Day Delivery during day Nx Night Delivery by next morning Indicate by X in proper line the class of service required. Do not specify preferred service if other service will answer the purpose. j o i n t use o f f a c ilit ie s with Railroad Company, fo r which oharge to he made on basis proportionate use, taking into account Ssiintenance, parrying charges, etc* Permit arrangement proposed designed to conform with conditions as they e x is t, as w ell as a protection o f water righ ts o f eith er party, in which Mr* MeWamee concurs• 5* Water Company has been paying Railroad Company #200 per month, but under proposed permit arrangement referred to Item 4, monthly payment w ill, be #975, based on proportionate use f a c ilit ie s 1928* Water Company has not been sustaining loss under existin g arrangement and therefore not in best position to go to Commission fo r increased rates* However, when proposed charge #? #975 per month becomes e ffe c tiv e and i f sale water continues at present rates, loss w ill undoubtedly follow , thus placing Water Company in position to support with an actual record application fo r increased rates follow ing renewal franchise 1934. At same time Railroad can ju s tify charge against Water Co. under proposed permit arrangement on #• basis proportionate use former’ s f a c ilit ie s * Mr. McMamee concurs* 6. Account fin an cial condition and standing o f Syndicate, which is primarily r" £ealty organization and might not wish assume fin ancial resp on sib ility to that extent, arrangement suggested involving guarantee o f in terest, taxes and depreciation might not Inrdve satisfactory* Do not recommend such an arrangement either S it h Syndicate or other concerns seeking sim ilar service, fo r reason when boom dies down, period d eflation and loss population v«ill