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1 V? tea M g ® 1m * Oetebar 6, I f p Mr. A. B. Stoddard? Cee * Mr. T, 1, tfulslser * Oaaha Mr. f • V. Boefc&s « Onaha Mr. 8. 8. Bennett ) I «ad»»« herei4th doplioata cirlgl,sal,s end two «xln m p I m of agreoasnt between UASX, OPHB <md LTXAwOq . covering *h# fumlnhtae of water % the Ballroad to th# ITUMOo. at ten Vegas and the charge* th#r#for. X tat also sanding copies of th# agraensnt to Mr. Salsistr and Mr. Beak**. Mr. Bennett advises that th# agraocisat me$ be signed % ran or a Tie# l*re aidant ©£ th# to# Mailroad# with the e»»«its of th# Sxwn* tiro Ooaaltt## pursuant to provisions of Section #, Article T, of th# 6?»8Co. Bylaws, Section 3, Artiol# ?, of tho K i Bylaws, end bs aliped If M as President of th# LVXdMCo. with H i approval «f the Board of Sirenter* pursuant to Section 2, Artlel# IT, of it# Bylaw#* I rooeanead that the a g p m m m i he executed so that It rill bo In operation prior to the hearing on th# proposed ^piieattea of to th# Bosnia Public Service Coanlsalon for Increase in rates. Stadias nod# % Mr. lelslsor sad other Agpsrtnsat Seeds in connection with data developed for th# report on requite of operation of th# tea f ago# bat«r %*te» sod* f Mr, Boy A. Mshe her# Indicated that the charges net# by th# Sailvoad upon iVMMGc, for safer famished to the latter at ha# Tups pursuant to codsting agreeneat dated Karsh 30* 1929. Audit lb. 7322, do not folly eoaponaat* the Bailxoad, fhe **ho report, vhich sill be the basis for oar prs-aentstios to the Sereda Ope* adssiea, till show th# aneuat «fcioh the Bail road should charge the Tatar Oonpang for setter famished. It is dosirshl# that at the heaving w r statasaat of the proper charge# b# supported by an agreement between the Ballroad# and. the providing for cs©ag»easatloa to the lailroad on the proper basis. fbo enclosed agreaseat teralaatss the axle ting agr#«nsnt and bacons# effective as of January 1, 195®* ?h« vain# of th# water prods#* tlen f&eillties v&an which th# IVl&VGe. agrees to pay th# Bsllroad a re­turn ef i p atom operating aspen### and ?«da»I Ineea* tans# is In excess of tilt ledger value at th# water beering lend# and water production faoll- Itiss. She vain# seed in th# contract is th# natfeet value a# #f Jaanary 1, 1959 #f water bearing lands and the original cost as of January 1, 195® of the well# and other faoiXltio# developed In the v«ho report. She reason d^r th# nriftMl cost of th# li^rovanents is la m a m a of the led­ger vain# is that th# origins! cost figure wo# developed In aecordano# with the retirement eeasoatlag practice# usually aaploy#d by water