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Las Vegas, Nevada October 18* 1934. Mr* E, E. Bennett: Replying to yours of October IStli relative to water system of Las Vegas Land and Water Company, will say that from time to time there is talk here about municipal ownership of water utilities, but the impression I get from this talk is not so much about the City taking over the Land and Water Company*s holdings, as it is for the City to install its own system, using the water from the artesian well on city owned land located a mile or so northwest of the Rail­road Company's spring. There is statutory authority authorizing the City of Las Vegas to purchase or acquire public utilities, snd this is contained in Section 31 of the Charter of' the City of Las Vegas, as amended by the session laws of 1931 (See 1931 Nevada Statutes, Page 377, subdivision 5). Pursuant to that section, the City Commissioners have power to borrow money on the credit of the City and to issue bonds therefor. There is no limit as to the amount of bonded indebtedness the City can incur for th© purpose of procuring supplies of water. The section provides that the Board of City Com- - missioners shall have the power to acquire or establish any public utility in the manner therein provided, and the procedure to acquire same would be as follows: The Board issues a proclamation, setting forth briefly th© public utility proposed to be acquired, the estimated cost thereof as shown by th© report provided by the Board and Mayer or an engineer or party appoint­ed by the Board for that purpose, the proposed bonded indebtedness to be incurred therefor, the terms, amount, rate of interest, and time within which redeemable and on what fund. The proclamation is published once a week for three successive weeks in a newspaper and states the date of th© meeting at which th© Board will pass the ordinance providing for the bond issue. At the time fixed