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upr000096-052
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I agree.F O R M 2191 -B 1-53-500M UNION PACIFIC RAILROAD COMPANY Tirtdm M TELEGRAM BOC - E. B. Bennett-LA Doe Angeles - October 16, 1953 AES WEB WEB Omaha Orig ASS Omaha ey USE ’WEB Omaha S-311, Mr. Be she ©£ the firm of 0 'Kelveny & Myers, who ia handling the bond question, advises that in view of the peculiar status of the Water District Act, they are going to file a teat cose in the Supreme Court of levada. they hope to file such case About the first week of Sovember and will have to await a decision of the Supreme Court which may he another 30 days, they then aspect to conduct an advertising campaign for the sale of the bonds which will take another 30 days, and Mr, Beebe's offhand opinion is that it will be at least 90 days before they can anticipate an actual sale of the bonds, assuming a satisfactory opinion is rendered by the Supreme Court, She consummation of the sale of the Water Company to the District can not he completed until the District has sufficient money from the sale of the bonds to make the payments required under the outstanding agreement between the railroads, the Water Company and the District. E-153 MR 1 *302%