upr000259 12

qF.r.TION I: GEN ERAL d a t e financing to e sta b lish the L as V egas V a lle y W ater on September 30, 1953, Yes to t Water District and carrieu u y the electors of the 1,834 no. A simp leW amtearj o rity was rreeqqmuired for passage. i • 04. B on d s. The W d T b a c k e d b y the fu ll of S ep tem ber 30, 1’ 53’ a” f “ rB y e g a s V a lle y W ater D is tr ic t. H ow ever faith and cre d it of the enti ® under w hich the L a s V egas the A ct of the N evada State L egisla'tu ' r o v id es that it is the MValley lW ater District was orme id from revenues, including, so the law to have T h e r e fo r e , the far as p o s s ib le , p rin cip a l and ^ tQ esta b lish and m aintain w ater B oa rd of D ir e c to r s H B B H ® p r o v ide su fficien t reven u e to m eet ra te s at a rea son a b le le v e l that Pen a n ce, and bond in te re st and r e - all c o s t s , including ° P « atl“ n; u onl y if said reven u es are M tirem en t c o s t s , E f l M M of the L as V egas Land su fficien t. The in c re a s e ? the e ® reven u es m eet all co s ts is and W ater C om pany n e c e s s a r y to m ake the shown la ter in the re p o r t. The following.data on ra te s , and tax c o lle c tio n s w ere p re p a re d by tis tic s , Inc. H ? B B S i s S f i g i S l M the District's expenses I B ^ ^ been a tax levy for District vanced by C la rk C ounty, so ther d on the tax r o lls . M. C . p u rp oses and the run of the r o lls in 1950 ? H U H th° A s s e s s e d V aluation of T axable P r o p e r ty in the D is tric t Year —--------------1 $ 4 5 ,9 0 8 ,4 5 8 !950 $ 8 0 ,0 8 1 ,7 4 2 1953 N evada law s p rov id e the county. B y c u s - 100% of the actual ca sh value PR usually set at about 20% of tom and p r a c tic e , asBeBsm ents have on land and fflW g j m i m M ' I I I M i ? I ? I m the - 5 -