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Company, City Officials in % Mood for Sale 2 c M B: l r1 I K Possibility .that the city of Las Vegas may negotiate for the pur­chase of the water system owned by the Las Vegas Land and Water company since the town was founded in 1905, loomed today as a re­sult of a conference between the city commission and representatives of the local utility. . Leo A. McNamee, attorney for the water company, told the ; mayor and four commissioners he felt the plan could be worked out and that, if the city was in a position to assume the finan­cial burden involved, the water company would be willing to make the sale. Book value of the utility at the present time was placed at $1,125,000 by McNamee. T h re e -m e m b e rs o f the city com m ission expressed them ­selves ns being in fa v o r o f the proposal, stating that if the com -1 pany is to be sold it should go f to the city. The plan is to name a special committee from the commis­sion’s advisory group for the purpose of, making a complete investigation of the feasibility of the project and report back to the board at an early date. Indications were, members of the city commission. said, that due to continued growth i of the city and the demand ! ;for expansion of facilities at considerable additional capital | investment, officials of the utility were in a mood to work I put details of a sale. • hlcNamee advised the board! that the company was prepared to,Send representatives to any) future meeting called to' explore the matter further. rO: