The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-09
PERMANENT WATER RIGHTS.


settlers as soon as practicable at the
maximum price of $15 per acre for per-
manent water rights Settlers shall be
allowed 20 years time in which to pay for
permanent water rights, interest being al
lowed at the rate of per cent annually
on deferred payments and purchasers of
such rights shall have the option of com
pleting payments at any time within the
period, on the terms recited
Attorney General Bishop. who has
passed upon the document, caused to be
settlers shall be allowed to make partial
payments upon permanent water rights,
the percentage of partial payments being
left in blank for the land board and the
company to agree upon.
The company prefers to not be obliged
to accept partial payments, because set
tiers could assign their liens on the land
and borrow the balance to pay ali at once,
thus dapriving the company of re-
munerative investments. On the other
hand the company would have to re-
ments before it's own Obligations, if it had
any, such as bonds aspEi interest therein,
would have to be met at stipulated times
while settlers would make such payments
whenever they could raise the funds. For
this reason, and because it would work
no injustice to the settler, the company
would prefer to omit the partial payment
option; or, if partial payments be per-
mitted the percentage should be Suf-
ficiantly large so that the money could be
handled advantageously. A minimum of
one-fourth the amount due would suit
the company.
Action upon this point was deferred IN
til today when the full membership of the
board will consider it.
MAINTENANCE CHARGES.
The contract stipulates that the COM
pany shall maintain the irrigation sys-
TEN in good repair at a yearly cost of not
years; SIPS per year the second five-year
period and 81 yearly on each acre there
after In the contracts between the COM
pany and the settlers, the time of making
payments on maintenance charges will be
named.
OBLIGATIONS ON THE STATE.
The state board agrees to select the
lands applied for and sell them to intend
ing settlers at the rate of 81 per acre. in
accordance witt federal and local land
works or an integral part thereof, the
land board shall certify the fact to the
department of the interior and apply for
a patent to issue for the lands covered by
the completed work.
RIGHTS OF WAY STIPULATIONS.
All lands entered under the contract
shall be subject to right of way for the
irrigation canals and space on each side
OF the bitches. The width of the rights
of way has not yet been agreed upon. 1t
has been suggested that inasmuch as the
main canals from the Sewer river reser-
vors will be very wide, the rights of way
be 200 feet in width for the larger bitches
and narrower for the branch canals, the
ceded strips to be used by the company
for way right purposes only. There shall
be filed with the state land board after
construction, maps showing actual con-
struction routes, and all lands shall be
subject to the rights of way as shown
therein.
The contract will recognize the exist
ence of the liens for water rights on the
land, as provided for in the land laws
THE BOND AND ITS CONDITIONS.
Before the contract is signed, term of
days will be stipulated In which the COM
pany shall execute an approvable bond
to the state, in the sum of $4,000 guar
anteeing the company's performance of
its intentions and indemnifying the state
against loss or damage. The due execu-
ton of the bond and its approval by the
board are conditions precedent to fhe ac--
QUESTION of any rights by the company
under the contract.
Should there be a cessation of construc-
ton work by the company for a period of
six months. forfeiture of the contract
and the penalty under the bond wifi be
enforceable, the penalty applying, how
ever, only to the uncompleted work A
forfeiture would not affect any property
rights the company has at the time the
contract is signed.