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FORM 2 1 9 1 -B 1 0 4 7 -7 5 0 M Time Fired. M TELEGRAM « /1 Los Angeles - Maroh 18, 1953 ©rig ASS Omaha cy WBE Omaha, SK8 Los A Xour g-3 7 1 . Stem is Ownership of a ll f a c ilit ie s by LTLAWOo. would enable us to hotter r e sis t demands for additional expenditures because tJPBKOo. could refuse to loan additional money and make water conpany stand on i t s own feet by seeking to borrow money fro * outside source. With, a large debt to |||& on i t s books do not boilers water company could secure substantial, funds from outsido souroe. therefore, could make good argument against unreasonable demands by Public Service Commission for additions to plant. Same reasons would enable water company to bargain with PSC concerning rates because argument could bo . aiade that rates must be h i # enough to put water company on sound financial .basis so as to attract outside capital for reasonable capital extensions. , ; Item 2: Unless voters authorise bonds for bringing in of lake Mead water Las yogas' present acute water shortage will soon become desperate i f present growth continues. Our past experience has been that Community including it s leaders look te us to solve i t s problems and will not do th r things necessary to help themselves.' their consistent resistance to a meter law in Hevada, which without question, would alleviate their present water problem, i s an example. I am in accord with our lawyers that i f the bonds f a i l some group will emerge which will try to saddle CPU with an obligation to increase water supply in some maimer. Water Company has no meant ef absenting water supply at present except through railroad, and i f i t resisted demands for increased supply most obvious course for Community would be to have CPBR declared U tility 10 nil to Tie subject to PSC ordors# 4