Image
Copyright & Fair-use Agreement
UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
Read more about our reproduction and use policy.
I agree.Information
Digital ID
Permalink
Details
More Info
Rights
Digital Provenance
Publisher
Transcription
of these facilities began in 1905 and the last was a 24 inch cast iron pipe laid in 1929. Inasmuch as the railroad has an item of expense labeled "Reserve for Replacement" for the year 1930, we are of the opinion that a reserve for this item' has been laid away annually. This item calls for 4#. We are of the opinion that almost all water facilities have a useful life of fifty years, which reduces this item to 2#. Taking this amount as a basis for retirement reserve we find that since 1906, to and including 1930, that #12,007.62 has been returned, leaving a present day valuation of f165,140.26. Using this amount as a fair value of all railroad facilities we find that #14*455.73 per year, or #1,204.65 per month, to be a fair rental which is shown as follows; Water used during 1930; Railway Company, including Pacific Freight Express 283*325,825 gal.-32.75# Las Vegas Land & Water Company 581,867.800 " 67.25# Total “ 565,1931655" gal. 106 .oSjT Chafes incurred during 1930: Interest at 6# on value of #165,140.26 #9*908.41 Reserve for Replacement at 2# on #177*147.88 3,542.95 Insurance 26.00 Tazes 3,100.09 Maintenance & Operating Expense 4,918.06 Total '#21,495.51 RE VALUE OF WATER RIGHTS Measurement of all water flowing from all sources was measured February 10, 1931, and was found to be 9*698 bubic feet per second, or 6,280,000 gallons per day. Through the State Engineer’s Office the railroad company has appropriated 2.5 cubic feet per second; Ins Vegas Land and Water Company 2.3 cubic feet per second; and 3*32 cubic feet per second was appropriated for a farm owned by the Las Vegas Land and Water Company. In the year 1930 Las Vegas Land and water Company con- 4 -