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—s \ — / / O F F IC E R S AN D D IR E C TO R S THOMAS A. CAMPBELL P R E S ID E N T G. WILLIAM COULTHARD V IC E P R E S ID E N T HARRY E. MILLER S E C Y .. T R EA S. C. NORMAN CORNWALL A S ST . S E C Y .. TR EA S. R. E. THORN WILLIAM L. ROSEVEAR GEORGE L. ULLOM L A S V E G A S V A L L E Y W A T E R D ISTR |j£T 919 WEST BONANZA ROAD P. O. BOX 1109 LAS VEG A S, NEVADA TELEPHONE DU 2-6300 * A 1 April I, 1957 W ILLIAM C. RENSHAW C H IE F EN G IN EE R AND GEN ER A L MANAGER $8,700,000 Waterworks Bonds, 1954 of the LAS VEGA S VA LLEY WATER DISTRICT To — MEMBERS OF THE UNDERW RITING GROUP: Some weeks ago we communicated with you relative to certain legislative measures then pending in the 48th Session of the Nevada State Legislature which seriously affected the holders of the above bonds. Now we take pleasure in informing you that, due in large measure to the vigorous opposition offered by investment banking houses throughout the country, the adverse legislation was de­feated in the closing days of the legislative session, which finally adjourned on March 27, 1957. For such assistance as you may have rendered in connection with this important matter, please accept the sincere expressions of appreciation from the District - along with the thanks of all other public agencies in Nevada whose credit rating was likewise threatened. In view of the decisive manner in which the upper chamber of the Legislature rejected the ill-advised legislation which originated in the lower branch, we believe you will share our opinion that confidence in existing and future Nevada municipal obligations has been fully restored. Very truly yours, LAS VEGA S VA LLEY WATER DISTRICT