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MINUTES 07 MEETING OF BOARD OF DIRECTORS LAS VEGAS VALLEY WATER DISTRICT Held Friday, August 4, at 3 P.M. at the offloes of the Manager, 135 South Fourth Street, Las Vegas, Nevada The msetng was called to order by President Campbell at 3:00 P.M., August 4, 1950. The following Directors were present: President Campbell Vice President Butterfield G. William Coulthard (delayed in arrival) Harry E. Miller E. Otto Underhill James Caahman John Bunch Absent: None. Chief Engineer and Manager Howard F. Clark was also present The reading of the minutes of the last meeting on July 13th was dispensed with on motion made by Director Underhill, seconded by Director Miller and carried.. The President examined the Agenda prepared by the Manager for the meeting and explained that what he had to report covered the interlocking of several items, but would proceed with the details of his conferences in Los Angeles and then check all the items for full coverage at the end of his remarks. President Campbell, with the approval of all of the Directors, lad called on a Mr. Goodrich in Los Angeles to discuss the coming bond issue for the District. Mr. Goodrich said it was not necessary to have a financial house retained for advice and guidance through the bond election proceedings j that a good law firm, such as O'Melveny & Myers, in Los Angeles, would be able to furnish competent and sufficient advice. He mentioned a James Beebe of that firm as a specialist in District bond issues. The fee would be l/5th of 1% of the bond issue rather than perhaps l£ to 2 percent. The caference lasted about an hour. Contact was made with Mr. Beebee. He stated that his firm would desire a retainer fee of $1000. They would then attach a good lawyer from Las Vegas to their firm for local advice and asked about Leo McNamee. The work Mr. Beebee would do for the fee of 1/5 of l£ of the bond issue was discussed, and the work which he would handle for additional compensation was outlined. President Campbell was authorised to contact Mr. Beebee with an invitation to assist us, and ask Mr. Beebee to outline to the Directors of the District just what he would handle for the fixed fee and what would be for additional compensation. Mr. Beebee agreed to cone to Las Vegas for a day or two and study the local features of the situation, if engaged. President Campbell then discussed the latest developments with Mr. Reinhardt's office relative to the purchase of the local water utility. First sheets on the inventory were promised us by a Mr. Johnson, assistant to Mr. Reinhardt, before the month of July was over. Mr. Reinhardt was out of town and not con­tacted. Nothing had come from the Los Angeles Office as 11 August 4th.