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upr000300 7

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upr000300-007
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University of Nevada, Las Vegas. Libraries

Agreement - West Riverside Canal Co. November 3, 1917, Mr. H. C. Nutt, General Manager. Dear Sir: Referring to your letter of September 25 above subject: th, on the My delay in answering has been due to an endeavor to obtain further information on this matter. Mr. Waters correctly spates the scope of the Order of the Railroad Commission, but I do not understand that if we fail to make exchange of our rights for stock in the hcoolmdpearnsy woef wthiel l conmopta nbye. on a parity with the other stock­It will be noted that the right to carry water in the canal is to be governed by contract independent of stock ownership. 15 However, as stated in my letter to you of August , our stockholders' liability would be so very very small that I think it would be advisable tc make the ex­change of our rights fo* stock and thus close the matter. I return your file. Very truly yours.