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£3t F r J'idaySept. 16, ' 1949 9 ^ | H | 4^ B f t * egas May] Water System Company, City Officials in Mood for Sale Possibility that the city cf Las Vegas may negotiate for the pur­chase of the water system owned by the~Las Vegas Land and Water company since the town was founded in 1905, loomed today as a, re­sult of a conference between the city commission and representatives of the local utility. ' y ~ — “ Leo A. McNafnee, attorney for ,j the water company, told the mayor and four commissioners he felt the plan could he worked out and that, if the city was in a position to assume the finan- ; _cial. burden involved, the water company would be willing to make the sale. Book value of the utility at ?the present time was placed at i $1,125,000 by McNamee. | Three members of the city I commission expressed them­selves as being in favor of the! proposal, stating that if the com-; pany is to be sold it should go to the city. j The plan is to name a special: •j committee from the commis­sion’s advisory group for the purpose of making a complete • investigation of the feasibility of i the project and report back to V !?! the board at an early date. j Indications were, members of the city commission said, that due to continued growth | of the city and the demand for expansion of facilities at considerable additional capital investment, officials of the utility were in a mood to work ; out details of a sale. McNamee advised the board that the company was prepared to send representatives to any future meeting called to explore the matter further.