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#3 Mr. Thomas A. Campbell 4 - 2 2 - 5 4 of February 24, 1954, we indicated that such permanent rights of way were necessary to insure the permanence of the District's revenues and the successful sale of the District's bonds. The bills submitted by the District and by BMI para­phrase in substantial measure existing Acts of Congress which were enacted for the benefit of the City of Los Angeles and Metropolitan Water District of Southern California at a time when those agencies were seeking to market their waterworks bonds. The Congressional Committee Reports covering those Acts will show that the reasons for the enactment thereof were exactly the same as the reasons of the Las Vegas Valley Water District, namely, to assure the sale of bonds under reasonable terms and interest costs. The same safeguards contained in those earlier Acts are included in the proposed Acts for the District and BMI. However, if it is felt that further protection should be pro­vided the United States and third parties, the District should have no objection to additional conditions reasonably necessary to afford such protection. Similarly, the District should have no objection to the payment to the United States of the reason­able value of the lands conveyed. We urge that the District take immediate steps to obtain the enactment of said bills at the earliest possible time. There would appear to be no possibility that the bills can be enacted by the date of opening of bids, but it would be highly advantageous to the District to be in a position to give the bidders definite assurances concerning the probable success of the necessary congressional Acts. Without such assurance, we have considerable doubt that the District will be able to obtain bids upon reasonable terms and conditions. Very truly yours, O'MELVENY & MYERS By Franklin T. Hamilton FTH:gv