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Las Vegas, Nevada. October 18, 1934. Mr. E. E. Bennett: Replying to yours of October 16th re la tiv e to water system of Las Vegas Land and Water Company, w ill say that from time to time there is talk here about municipal ownership of water u t ilit ie s , but the impression I get from this talk is not so much about the City taking over the Land and Water Company’ s holdings, as it is fo r the City to in s t a ll it s own system, using the water from the artesian w ell on city owned land located a mile or so northwest of the R ail­road Company’ s spring. There is statutory authority authorizing the City of Las Vegas to purchase or acquire public u t ilit ie s , and this is contained in Section 31 of the Charter of the City of Las Vegas, as amended by the session laws of 1931 (See 193}. Nevada Statutes, Page 377, subdivision 5 ). Pursuant to that section, the City Commissioners have power to borrow money on the credit of the Gity and to issue bonds therefor. There is no lim it as to the amount of bonded indebtedness the City can incur for the purpose of procuring supplies of water. The section provides that the Board of City Com­missioners sh all have the power to acquire or establish any public u t ilit y in the manner therein provided, and the procedure to acquire same would be as follow s: The Board issues a proclamation setting forth b r ie fly the public u t ilit y proposed to be acquired, the estimated cost thereof as shown by the report provided by the Board and Mayor or an engineer or party appoint­ed by the Board fo r that purpose, the proposed bonded indebtedness to be incurred therefor, the terms, amount, rate of in terest, and time within whieh redeemable and on what fund. The proclamation is published once a week fo r three successive weeks in a newspaper and states the date of the meeting at whieh the Board w ill pass the ordinance providing fo r the bond issue. At the time fixed M H