upr000283 144

The 1913 contract extended from time to time on the basis of $200 I per month met ’’the expense we were put to to establish new mains and take care of better.pressure." (I & S Docket £2) / The Union P a c i f i c R a ilr o a d Company op erates th e water production facilities owned b y th e Lo s -Angeles and L r .l t La ke R a ilr o a d Company. The La s Vegas Land and W ater Company i s a w h o lly owned s u b s id ia r y o f Lo s A n g e le s and S a l t La ke R a ilr o a d Company and o p e ra te s -a w a te r d i s t r i b u t i o n system i n La s Vegast The p h y s ic a l and c o rp o ra te t i e s between th e R a ilr o a d Company and the La s Vegas La n d and W ater Company are such as t o in d ic a te !;th e f i n a n c i a l r e s u lt s n f the o p e ra tio n w e n li be th e came as i f owned and operated as one com pany.^ (page 2 , Skh., 1 , T & S 12 ? ) The 1929 contract gave to th e Railroad Company $975 per month for continuous flow of no+- to exceed 35p0 gallons per minute of water which is based on the amount o f 6,h p e r c.pnum on the money expended by the Railroad Company in the total equipment of water facilities apportioned to the Railroad and Water Company on the percentage of water used by each during the previous twelve month periods The 1950 contract (not approved) fixes as between Railroad and i.ts Water Company an "agreed value" of $?£l>6U3. for the water production facilities as of January 1, 1950 and an amount equal to 63$ per annum upon the "agreed value" of the water production facilities adjusted to reflect any changes in market value since January 1, 1950 of the water bearing lands and rights of way0 "The books of the Las Vegas Land and Water Company are kept in Omaha." (Transcript, page 200, I & S 127) "Practically the-only accounting done at Las Vegas includes the collection for water sales and the reporting of such sales to Omaha,