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I 3C|uirsda^, 4pril 29,I9&J LAS VEGAS SUN Donald | enter ; issue 1 iwpadteyr aigd in-m y ^ y e a r s ’ experience in?3he Investment Ranking busi­ness,’.’; Bonniwell said*. Water District Bonds 35 Top Financial Houses Display Faith In Vegas w jsili W&m 1118 '?iim m wgi -,S,»,000 WATER DISTRICT BOND DEAD—Donald R. Bonniwell, left, special partner in M W iew York investment firm of Crittenden & Associates, shown with Las Vegas Water iJ s m c t President Thomas A. Campbell (center) and Attorney James L. Beebe, of a Los An­ting; bonding law firm, after the bid of 35 investment companies from all over the country jH H faccep ted by the Water District. Money w ill be used for purchase of the Las Vegas Land r rom Dwioi^jBaicwWr jigjMMB||and to bring water !$«/• d via pipeline. .*8$®' JL. ? f 1:! iWW4t-, mm A syndicate of 35 bonding houses yesterday submitted the low bid to purchase $8,- 700,000 worth of bonds put up for sale by the Las Vegas Water District. It is the larg­est bond issue ever floated in Nevada. The low bid of the syndicate, headed by Ira Haupt and Crit­tenden investement firms, was just $3,500 lower over the 40- year life of the bonds, than the next lo w e s t. bidder, the John Nuveen Company of Los Ange­les. The bonds will draw inter­est at 3.97 per cent. The purchase o f the Las Vegas Land and Water company from the Union Pacific Railroad1 for $2,500,000 w as the first use to be made of the bond money, Water District officials said. The rest of the money will be used chiefly to build a sys­tem of reservoirs and a pipe­line* to bring Lake Mead water ®s. IcCarran has intro-in congress to per-j p a s a g e of the pipeline fstSSral land. ’ The Lhs 4 ^ t ;':j | g as water will be brought in the existing Henderson 'ifrjigmme. ® ™ " H p isfrict President Thomas A. ^ m p b e ll said the directors re highly satisfied that the conservative bonding houses all over the country were enough in the future Las Vegas to invest in the R. Bonniwell, special of the Crittenden con-expressed gratitude for opportunity to bid on the H e said the decision to into competition for the w as based on a sound of the economics of the District over a period o f years. "The cooperation w e have re­ceived from the officials o f the District^ insofar as I am eon- PAPTlA/l fiAfe a nom klerh irfavirl. W m m ,