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SPENCER L. BUTTERFIELD V I C E P R E S I D E N T WILLIAM COULTHARD 9ECY.-TREAS. HARRY E. MILLER E. O TTO UNDERHILL JAMES CASHMAN JO H N BUNCH O fficers a n d D ir e c to r s THOMAS A. CAMPBELL PRESIDENT LAS VEGAS VALLEY WATER DISTRICT 9 0 0 S O U T H 5TH S T R E E T LAS VEGAS, NEVADA t e l e p h o n e 5 9 2 0 HOWARD F. CLARK C H I E F E N G I N E E R A N D M A N A G E R P. O. BOX 1448 D i s t r i c t f e e l s t h a t i t i s e n t i r e l y in o r d e r and p r o p e r f o r t he P u b l i c S e r v i c e C o m m i s s i o n t o p r o c e e d as s t a t e d i n t h e S e p t emb e r 8, I 9 5 2 l e t t e r a d d r e s s e d t o M r . B e n n e t t of UP. R e i h h a r d t : " I d o n ' t know what o u r p o s i t i o n i s g o i n g t o be. I am v e r y much i n c l i n e d , w i t h o u t t h i n k i n g t h e t h i n g t h r o u g h c a r e f u l l y , t o f e e l t h a t we p r o b a b l y w o n t t e e i t h a t we d a r e g i v e you a n y c ommi t tme n t on t h i s t h i n g u n t i l a f t e r t h a t p h a s e ot i t i s s e r r i e d p r e f e r r i n g t o PSC h e a r i n g . ) B e c a u s e o f t h e u n c e r t a ? n t y o f what i s g o i n g t o happen t o y o u r bond i s s u e and e v e r y t h i n g e l s e . N o i e : J f o i e a r n a r he was r e s e r v i n g f i n a l o p i n i o n . [p "Wh e r e d o e s t h a t l e a v e D i s t r i c t , " Ta C as iced. R: W e l l , I ' l l nave t o t a l k i t o v e r w i t h t h e b o y s a l i t t l e more and k i n d o f a n a l y z e what t h e p o s s i b i l i t i e s o f t h e t h i n g m i g h t be on i t . You w i l l h ea r f r o m us v e r y s h o r t l y . TAG: D i s t r i c t p o s i t i o n . No r e a s o n why PSC p r o c e e d i n g s s h o u l d o p e r a t e t o d e l a y o r i n t e r f e r e w i t h t h e n e g o t i a t i o n s b e t w­een t h e D i s t r i c t and Up f o r a c q u i s i t i o n o f LVVWCo, ( a ) P r o p o s e d $ 7 , 5 0 0 , 0 0 0 bond i s s u e makes ampl e p r o v i s i o n f o r n e e d e d i mp r o v e me n t and b e t t e r m e n t s to p r e s e n t l o c a l s y s t e m , and a n y t h i n g t h a t m i g h t be o r d e r e d by PSC can be c o v e r e d . M o r e o v e r , t he amount o f b o n d s t o be a u t h o r i z e d i s not n e c e s s a r i l y t h e e x a c t sum o f c o n t e m p l a t e d e x p e n d i t u r e s . An ampl e c u s h i o n p r o ­v i d e d . We f e e l t h a t o u r e n g i n e e r s hav e a l r e a d y a n t i c ­i p a t e d a l l o f t h e i m p r o v e me n t s w h i c h t h e PSC c o u l d c o n c e i v a b l y o r d e r t o pr o v i d e a d e q u a c y . No l e g a l o b s t a c l e . We can g o r i g h t a h e a d and n e g o t i a t e o u t a p r i c e a Rdj eKgKz gz i BxxxMCOKXxBXs img x as o f now, w i t h t h e u n d e r s t a n d i n g and a g r e eme n t t h a t t h i s w o u l d be i n c r e a s e d by w h a t e v e r sums t h e company i s r e q u i r e d t o e x p e n d up u n t i l t h e t ime o f t a k e o v e r . D i s t r i c t w a n t s t o go f o r w a r d as f a s t as p o s s i b l e w i t h c o m p l e t i n g the n e g o t i a t i o n s . A n x i o u s t o g e t y o u r f i n a l a n s we r on o u r $ 2 , 5 0 0 , 0 0 0 o f f e r as q u i c k l y as pos s i bI e . R e l o c a t i o n o f l i n e s . D e s i g n w i l l e l i m i n a t e , a l s o c o r r e c t p r e s s u r e c e n t e r o f LV. pSC h e a r i n g a b s o l u t e l y n e c e s s a r y f o r p r o t e c t i o n o f c o mmu n i t y . M o n t g o m e r y : S i m i l a r p i p e l i n e . & i d s 7 0 $ o f e s t i m a t e , c o n t r a c t o r s h u n g r y .