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\ O.TT. m AUG 281935 Las Tapis* Hevada, August 86, I960* V 83-3—3 Ur, w, H* J e ffe rs, President, Las Vegas Land and Water Co., Omha, Nebraska. I>ear Six: E eferring to conference with yon in Los Angeles some weeks ago In reference to the water situation here in Las Vegas, and your request that I interview the City Com­missioners and others in reference to purchase of oar system for municipal ownership: from time to time I hare consulted the City Com­missioners and a great many o f oar most reputable citizens and tax-payers concerning th is matter, and fin d i t is not at present the desire of either the City Commission or the c i t ­izens to declare an election to authorize a bond Issue for the purchase of our system, sot only to avoid farther bonded indebtedness but also beomse our present water rates are In general satisfactory to the people o * this community. pany In mains In the City o f Las Vegas is $93,667.42, as shown by present booh valuation. In addition, the f a c ilit i e s west of the ra ilro ad track- owned Jointly by the LA&SL and LVL&W have a book value o f $173,297,67, making a to tal valuation of f a c i li t i e s of $266,965*09. 7h# Las V«gss Land and «ater Com­pany pays an annual rental of $17,723.88 on these fa c ilit i e s , which i s 84.45$ of the total expense, the balance being borne by the ra ilro a d . fhe water-bearing land owned by the City o f Las Vegas Is located l i miles west of our w ell and springs, or 3-3/8 milts from town, and to take over our water mains and provide s u ffic ie n t w ells on their land, storage f a c ilit i e s and trans­mission mains to the city weald necessitate an investment in excess of $300,000. lore bonds issued for th is amount, the ra ilro ad company and It s subsidiaries would bs responsible for The investment of the Las Vegas Land and % ter Com-