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Los Angeles, March 30, 19&9 s m Mr. F, I. Paulsens {©*«- Mr, W,B. Vulsiter Hr, fip Reinhardt Hr, B. E.Bennstt Hr, A, C.Rltter ) Referring to your inquiry of March 15 regarding the statu® of the Lae Vegan Valley Mater District• The District which was formally organised Roveuv» b©r h by the director® elected October 19, ha® been unable to proceed with plan® for any proposed works for the reason It was dependent for funds on the sale of revenue bond® which It ha® aaoertaln^wore not marketable. This restric­tion 1® sought to b® overcome by an enactment of th© recent Legislature which will peliilt the issuance of general obllga-tlon bonds of the district, subject to approval by the real property owning elector® residing In the District, and Which further provide® that the tax monies required to cover the annual payment of principal and interest of the District bond® shall be allocated for that purpose regardless of the Ing difficulty o f ope rati in the statutory tax rate Util limit of 5$ mill®, any allocation to the District will neces­sarily curtail the use of tax money by the County, the City of Las Vegas and the School districts, for essential expendi­tures. j§ requirement® of any other on of the County, Inasmuch as the County and the oev end©® thereof have Increas- Ch&rles Adam®