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upr000255 170

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upr000255-170
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    University of Nevada, Las Vegas. Libraries

    Dos Angelas f October 16® 1953 BCC-E. E. Bennett AES WHH WEE Omaha Orlg AES Omaha cy WEH MBE Omaha . i S-311, Mr, Beebe of the fins of Q'Melvsay it Myers, who is handling the bond question, advisee that in view of the peculiar status of the Water District Aot, they are going to file a test ease in the Supreme Court of Bevada, fhey hope to file such case about the first week of Bor ember and will have to await a decision of the Supreme Oenrt which may be another 30 days, fhey then expect to conduct an advertising campaign for the sal© 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 bends* assuming a satisfactory opinion ie rendered by the Supreme Court, 2ha consummation of the sale of the Water Company to the District can not be 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 $ w m . s s n h a b d t WB 1 I30FM QCtf skb/j H, Je OCT E. E. D. OCT 2 0 1953