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Transcription
% Ma n y o b s t a c l e s would confront a p r i v a t e l y - owned u t i l i t y such as the L as Vegas Land and Wa t e r Company i f i t were to a t t e m p t to b r in g L ake Mead water to th e c i t y * T here is a q u e s t io n of whether i t could o b t a i n r i g h t s to th e w a t e r * Al s o , i n order to f i n a n c e such a p r o j e c t , I T WOULD B E O B L I G E D TO SHOW A S S U R E D E A R N I N G S I N ORDER T O S E R V I C E T H E N E C E S S A R Y B O N D S . The L as Vegas Va l l e y Wa t e r Di s t r i c t , however, is i n a p o s i t i o n to go ahead i m m e d i a t e l y with a c o m p r e h e n s i v e p l a n w h ic h , wit h e n g i n e e r ing s u r v e y s and e s t i m a t e s , ano an a g r e e m e n t r e g a r d i n g water r i g h t s , has b e e n four y e a r s in p r e p a r a t i o n * The Di s t r i c t i n c l u d e s some 507 square m i l e s and is so o rganized t h a t s u f f i c i e n t r e v e n u e can be a n t i c i p a t e d to p a y off i t s b o n d s * The L as Vegas Lano and Wa t e r Company i s c o n v in c e d t h a t the Di s t r i c t ’ s program i s th e only means b y which th e growth and p r o s p e r i t y of th e e n t i r e Va l l e y can be a s s u r e d * L as Vegas L and and Wa t e r Company H
