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(COPT) H O K A H i s 4 m a m M m Attorneys at law 11 Portal Building W M . R. las Teg&s, Hava4a SEP 29 i849 , September lf# 1040 Lae Togas Evening Heview-Journal Las Tegas, Kevada Gentlemen* This ref ere to the news item sat forth la your issua of Friday, September- 16, 1940, headlined’Las Yagas may bay-water system, Company, offioiala in mood for s& la, " purpor t lag to rap or t tha result of a conference held last Thursday, September 15* The artiala is entirely misleading and la not only • embarrassing to me but to tha las Tagus land b later Co* At the conference in quas t ion, someone asked tha quae* tion, *why doesn’t tha City buy tha land and ®at#r Company?" 1, as an individual, asked tha general question as to whether or not tha city was interested in discussing tha matter, and expressly stated that 1 had no authority to speak ror tha water company* One of tha Oosssissloners present stated that the City would be interested if the prise was right* Inremarked that I had read In a paper some ninths ago that one of the land and Water Company officials had made seme kind of a statement relative to selling the water company, and one of the Commissioners remarked that the official*s statement was only a general one and that ho details had ewer been expressed, submitted, or discussed* Someone then questioned as to valuation of the las Tegas Land and Water Company, and someone else present, not X, stated that he had seen in a booklet where the Land and inter Company was assessed at around #1,500,003*00* The book value of the utility company was not mentioned by any one* There was no plan or any discussion of a plan to name a special committee for the purpose of making an investigation of the feasibility of the project of buying the Land and Hater Company, nor was there any statement that the company was prepared to send representatives for the purpose of exploring or discussing the matter* Since