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^ Chief Registrar Harry E. Miller, Secretary of the District, and Assistant Secretary Calvin C. Magleby, are authorized to register at-large property owners residing within the District. The Deputy Registrars listed above can only register those property owners living within their respective division or precinct. Magleby and Miller can register any property owner living in ary division of the District. 6. PURPOSES OF BOND ISSUE: Proceeds from the sale of the proposed bond issue will be used as follows? SEE PAGE 6. 7. REVENUE: In order to defray operating costs and meet interest and principal pay­ments on bonded debt, it is estimated that an average annual revenue of approximately $1,200,000 will be required, all of which must be derived from rates paid by water con­sumers. (See separate tabulation) 8. EXPENSES: Total expenses for the first ten years will average approximately $1,215,000 annually, according to present estimates. This includes the followings Estimated annual average operating costs Estimated annual average bond interest Average annual bond retirement See separate tabulation. $ 575,000 350,000 290,000 H 7 2 I 5 7 B 0 9. ESTIMATED WATER RATES: At the outset of operations, the engineering studies in­dicate that the average annual water rate of each consumer will approximate from $75.00 to $80.00 annually, or, about $6.50 monthly. This compares with the present average monthly rate of $2.70 per house in Las Vegas. As the population of the area grows, and service connections are increased, rates should decline. 3 .