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upr000342 148

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upr000342-148
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    University of Nevada, Las Vegas. Libraries

    Sifaii ater Vote Questions Answered (Editor^ note: Relieving there are many questions about the proposed water district; Which the public will want, answered in order to vote in­telligently at the election, Octo­ber 19, the Review-Journal is running a question and answer quiz giving answers to some •r questions already apparent. „ Any voter is invited to send in his question and an answer 1 will be provided.) (Questions submitted by sub- | seriber).-. . .v- ~ Question: Will persons other ; than land owners be eligible to • | vote on the water question? 1 ' Answer:; All registered voters < in the district will be eligible 1 -whether they own-property or n ot.’ -> Question: Should the Las Ve-gas water system be purchased, iwhat would the district use f<jr money and would all property in * all districts stand as security for * the pur-chase price? 1 Answer: Any purchases made 1 by the district, either of water 1 systems, installation of pipe lines or whatever, would be financed by revenue bonds.’ That means only the assets and revenues of } the district would be security. All i property in the districts would ® ISTpT in' any way be pledged. This . type of, bond issue was used at I the ’ inception of the Lincoln $ county power 'district. Construc- $i tion of transmission lines,; sub-tv stations; and distribution sys- K terns was financed through the 1| issuance of revenue bonds and h these facilities plus the monthly | revenues from sale of power " ' stood as the sole security behind y the.issue, which is n,ow well on i- its way toward being retired...