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upr000105 10

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upr000105-010
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    University of Nevada, Las Vegas. Libraries

    Mr. ths* Eeinbardt 4 September 30, 1952 & "'?? ? ' 9 1 1 think the foregoing things should be done immedi­ately, if st all, As promptly as possible the LVX&tf Com­pany should also divest itself of all industrial lands and other properties except the water department st Las Vegas now owned by it in the States of Nevada and California* these could be transferred to an appropriate subsidiary, t realise that it might take longer to accomplish this than to accomplish the transfer of the water production facilities from the Railroad to the 1VL&W Company* How­ever I think the entire plan should be progressed as promptly as possible so as to leave in the ownership of the iflii Company only the water production and distri­bution system at Las Vegas* I am proposing the foregoing on the assumption that the ultimate sale ©f the water production and distribu­tion system by a separate water company to the District would not result in substantial income tax disadvantages. This, of course, is a matter which should be carefully considered by the appropriate departments before the plan above is adopted. Bennett