Image
Copyright & Fair-use Agreement
UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
Read more about our reproduction and use policy.
I agree.Information
Digital ID
Permalink
Details
More Info
Rights
Digital Provenance
Publisher
Transcription
Mr® W. R* touts* a . Jaousry 10, 1952 a» lawris plan to be adopted until the property oould b® disposed of to the District. The plan suggested was also intended as a protection to the Railroad'Coapany in the event the District should ultimately be unable to acquire the water system. Las VegjiS Valley ater District was formed in 194i and since that time has not been able to obtain the financing to acquire a water system and to brim? in a supplementary supply of water from Lake Mead. Although its negotiations for a supplementary supply now look better than at any time in the pest, there is no certainty that the District will be able to function. It was with this in mind that I suggested for consideration the transfer of the water production facilitiea from the Railroad t© the Water Company so that the Railroad Company would fee entirely divorced from the water business and could not fee exposed to a demand that it finance the bringing nian lloyf tbalkeew Mupe.ad water in the event the District plan fiWhen 1 made th® suggestion, I had not contemplated' the | ossibillty that our management might fee willing to donate the water system to th® District. I had assumed that it was our intention to sell th® system to the District at some fair price. If the management finally decides to dispose of the water system by a sale thereof fj to th# District rather than by a donation, I believe the plan suggested in my letter should b® given early consideration* However if the management finds it more advantageous t© donate the system than to sell it, I can readily see the reason why the Railroad should not transfer its water production facilities to the Water Company. I am not commenting upon Mr. Hul&iser’e suggestion regarding the advantage of donation because I believe that is purely a tax question as well as a policy question, with respect to which X cannot be very helpful. If it is decided to donate rather than to sell the system, I have a few suggestions with respect to the mechanics of carrying out the donation. I do not under