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Las Vegas - June 5# 1948 i 20 ( cc - Mr, P. C. Paulsen Mr. Prank Strong) As referred to in the attached, a meeting was held In the City Hall last night between aeventy-five of the local businessmen and property owners and the City officials, to discuss the current financial condition of the City. Mr. Charles Adams; A short time ago, the voters authorised a bond issue of #350,000 to construct a new city dis­posal plant, in lieu of the present one constructed during the War, which does not properly function, however, when the bonds were offered for sale, no one wanted to buy them. Seetern bond buyers are reported to have replied to the effect that all they know about our economy here is what they read in national adver­tising sponsored by the Chamber of Commerce, which ap-peare to be a few cowboys standing around a roulette wheel; and if there is a reversal of public Opinion in the next ten or twenty ye« re and gambling is voted out, where do we get our money for your bondsf Local banking institutions feel the bonds are unattractive beoause of the statutory tax limitation of #5.00 per #100 of valuation. Of this amount, the City receives from #1.4o to 11.50» and our present bonded indebtedness of #700,000 requires about 79p. the question then arose about further increasing assessed valuations. After considerable discussion, it was ths consensus of opinion that the property owners are already bearing more than their fair dire of the tax burden, and that some method should be found under which the non­property owner would contribute his portion. With this thought in mind, the two following methods were suggested; Cl) Install parking metore. (2) Assess a service charge for use of City sewer facilities, based on the number of outlets.