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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
Hr. Hm. Reinhardt December 11* 1951 3* stated that the value was approximately |2*000*000 more or less and that since that time we had made a great many improvements to the facilities and that speaking without having the definite figures before me* 2 felt they should be giving consideration to a figure of 42*750,000,00, He then asked me if that included the land and I told them that It did not as we did not know how much land the District intended to buy* I suggested to him that he have some engineer determine the amount of land they felt necessary to protect their water supply* including therein the necessary rights of way for existing pipe lines and power lines* have the land appraised by a committee of local real estate men* and give us the figure they felt to be reasonable* They next brought up the question as to whether we would accept bonds of the district for the purchase price* X told them that that matter would have to be considered by our Hew York office and X thought it would be desirable for them to write you asking whether the Company would accept bonds and in that letter give a brief outline of the for® of bonds which would probably be offered* especially with respect to oinking fund provisions* approximate rate of return* income tax free provisions* and the nature of V ’ ? ' M 't 'h gep sliescpur i. t. ,yS back of the bonds.
