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Dear Sir: Referring to conference with you in Los Angeles some weeks ago in reference to the water situation here in Las Vegas* and your request that I interview the City Com­missioners and others In reference to purchase of our system for municipal ownerships From time to time I have ocnsolted the City Com­missioners and a groat many of our most reputable citizens and tax-payers oonoerning this matter, and find* It is not at present the desire of either the City Cosratssion or the cit­izens to declare an election to authorize a bond issue for the purchase of our system, not only to avoid farther bonded indebtedness bat also becuae© our present water rates are in general satisfactory to the people o'" this coimonity, fhe investment of the Las Vegas Land and %t©y Com­pany in mains in the City of .Las Vegas is $93,667*42, as shown by present booh valuation* In addition, the facilities west of the railroad track, owned Jointly by the LA&SL and IVLSfe f have a book mine of #173,297*67, making a total valuation of facilities of #266,965*09, The Lae Vegas Land and %ter Com­pany pays an annual rental of #17,723*88 on these facilities, which is 84*45$ of the total expense, the balance being borne by the railroad, * The water-bearing land owned by the City of Las Vegas is located $§ miles west of our well and springs, or 3-3/8 miles from town, and to take over oar water mains and provide sufficient wells on their land, storage facilities and trans­mission mains to th© city would necessitate an investment in excess of #300,000* Were bonds issued for this ©mount, the railroad company and its subsidiaries would be responsible for