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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 any division of the District. 6. PURPOSES OF BOND ISSUE: Proceeds from the sale of the proposed bond issue will be vised as follows s 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 following: Estimated annual average operating costs $ 57!?,000 Estimated annual average bond interest 350,000 Average annual bond retirement 290,000 $ 1,215,000' See separate tabulation. 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.