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H * 2 * final cash payment node to the Inter Company at the conclusion of the negotiation*• th is font now emmets to approximately 1338*000.00, hat w ill to subject to tone deductions and poesibly son© addition* before tho final accounting data arrive* • to ladioatod above* ay analysis of thio hid Indicates « not return to the Voter Company of $2*35?*029.29 which to* of oonroo* sub­stantially ahovo tho minima* of $2*000*000.00 tot out In your letter o f Jugaot 12th. there w ill ho* of eouroo, ootorol items whioh w ill how# to ho Oloavod ay in the fln el Contract of dole which w ill ho entered Into pending the voting of tho head issue, sene of theeo are outlined below with reference to lettered paragraph# eet out in the hid* (e) Matter of right-of-way for pipe lin es involves he* of tho principal feeder llnoo transporting water from the production arsn to tho town, these llnoo cross certain properties not being cold to the Dlstrlot in such a way no to make then alnoot unusable for any other purpose* We are now discussing with the D istrict a contract under which they w ill anke monthly payment® into a hank, which payment* in a period of apprentice tely twenty year* would amortise the cost of hnllding one largo lino on the section lino running Into the D istrict property and the renewal c f the existing lin es. (d) the above sectioned agreement w ill else provide for the coving cf certain power lines which aro in hnd locations for tho ultiaate use of tone of the property not being sold. (e) the clarification cf cur righte regarding the production of water on shop property It being clarified along tho llnoo of tho Operating Department** study. (f) (Paragraph 1) th is paragraph is too broad in Its implication* and Mr. Bennett to now working with tho District representative* la order to mske i t norm workable. (f) (Paragraph 2) 1 have already outlined the effect of thie para­graph with regard to expenditures now being node. She final accounting on thio item will* of eouroo* have to be node an of tho date tits property in token over by the D istrict. (f) (Paragraph 3) Shit Involves the <gooetlen of whether we would do* and cash in fu ll for the eblifetlon or whether we would accept bonds. When the tine come for a decision on this natter* we w ill of eouroo supply you with fu ll information on the subject and w ill undertake no obligation without proper authority. My thinking* however* is that there In no reason why wo should accept bonds unless they were of a character which would be readily salable and which we would consider ae a good Investment. Under these conditions there to no particular mason for our