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L A W O F F I C E S O F W ILLIAM W. CLARY , hA R R Y L DUNN JAM ES L. BEEBE PIERCE WORKS HOMER I MITCHELL CLINTON LA TOURPETTE GRAHAM L. STERLING. JR . W. B. CABMAN MAYNARD J . TOLL JACKSON W. CHANCE _ AMES M. IRVINE. JR SIDNEY H. WALL RICHARD C. BERGEN WILLIAM P MARTIN DEANE P. JOHNSON RAY H LlNDMAN JAM ES C. GREENE W ILLIAM W. ALSUP O’ MELVENY <Sc MYERS 4 3 3 S O U T H S P R I N G S T R E E T L O S A N G E L E S 13 I9 6 9 2 0 S U N S E T B O U L E V A R D H O L L Y W O O D 26 H JOHN A. POWELL EVERETT B. CLARV FREDERICK N . EDWARDS BENNETT W. PRIEST ADRIAN C. STANTON JAMES E.CROSS LAUREN M WRIGHT £ ? HARLEY WAl THER RODNEY K- POTTER JAM ES W BEEBE PH ILIP A . LOOMIS. J R . RiCHAPD B.RAGLAND GEORGE K ELMFNDORF WARREN M CHRISTOPHER ROBERT W- LEWIS WILLIAM C W IL£V.J R . RUTH ANN aAYLES RICHARD F »G.l HOWARD. v . OEARDS HOY £ POTTS EDWARD C. '?REUTEL. JR. ROGER WILLIAMS FRANKLIN ’ ' ITAM 'ITO N R BR AD BUP- CLARK JAMES E. D U N tAP '".B E R T £ . H * AKH PH IL'P F. WESTBROOK.JR. WENDELL B W ... HUGH L- MAC N EIL W -.LiAM L. SCOTT CLYDE E.TR iTT • (EDWA.SO B. S M I* ^ . 1 ERNEST M CLARK. JR . S U B J E C T LAS V&aAS VALLS* vArm Dismays Q , v t i i t a * C o u i t b e r d , . Hevada State Legislature .C a p i t o l u u i i d i n g Carson City, tiev&d& January 41t9h 5 4 h . e . a, jAN 6 1C54 ZA.Q-.Lc A O ' J K L - i ' ' J M i m s ? o. 6 1954 IN R E P L Y R E F E R T O Dear Hjp* Couithsrd: On Septeatoar 10^3.. the Las Vegas Valley Water Lie trie t held a Special Bond Election In which the qualified electors or the District approved the Issuance of $o,700*000 of bonds oi sal a District. Within the next few days* the board of Directors of the District will adopt its resolution ordering the issuance and sale of said bonds.. This resolution will fix. the terms and conditions of the bonds* provide for the levy of taxes if revenues are insufficient, and will establish certain bend funds and make covenants to Insure payment of principal and interest when due. The covenants are necessary to insure the marketability of the bonds and to assure bondholders that bond proceeds and revenues will be adequately protected. It is o u r understanding that under the Nevada. Constitu­tion a special session of the Legislature may enact any legisla­tion which the Governor sails to the attention'of the Legislature while in session. We strongly recommend that after the Board of Directors of the District adopt® its resolution authorising the issuance of said bonds, a validating act be passed at the special session of the Nevada Legislature confirming* validating and de­claring legally effective all acts and proceedings taken by the District In connection with the authorisation* issuance and sale of said bonds. Under decisions of the Supreme Court of the United States and other courts of last resort, it is well settled that where the State Legislature at the tins© of original authorisation had the const!tution&l power to authorise the Issuance of bonds