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“LAS VEGAS EEVIEW-JODBHAL", Sunday, March. 9. 1952 Final Agreement On Water Pact Expected Monday Final agreement on the long sought contract insuring an am­ple supply of water from Lake. Mead for Las Vegas valley, is expected: to he reached at a m e e t ing to he held Monday after­noon, it was learned this morn­ing. The latest draft of the pro­posed contract between Basic Management Inc., and the Las Vegas Valley water district, has been gone over in detail by rep­resentatives of both groups and word was this morning that there remain but two points to be iron-, ed out, an amortization formula and the status of the water dis­trict’s contract if and when its projected pipe-line is built In from the lake. Thomas A. Campbell, president I of the water district board, said ' this morning he felt that “we are sufficiently c l o s e together that it’s almost a matter of find­ing the proper- w ords. in which to express our agreement.” . Clifford A. Jones, attorney for Basic management, expressed similar views and said he felt the entire matter could be re­solved at the Monday session, so that a contract could be signed within a few days.. -It will provide, as previously recounted, for 5,000,000 gallons per day for the water district until such time as the district installs booster facilities to in- | (Continued on Page Two) Final Agreement (Continued P*rom Page 1) crease present pipe-line capacity! to 50,000,000 gallons daily, at 1 which time 13,750,000 gallons a day will be made available. With the water contract out of the way, representatives of the lessees and the Colorado river, 1 commission will proceed with th e1 : final draft of transfer of the resi-f !dual facilities at the plant to pasic Management. Present I plans call for completion by I March 15, but indications were [ today that it would be impossible to clear .the final draft before the regular meeting of the com­mission here March 28, 29.