The Florence tribune., 1898-03-26
CASA eRANDE VALLEY CANAL.
e'onosision for Transferring the Property
 to the Farmers.

Ao whom 1t may concern: Ifa satis- 1actory number of owners. to be as nearly as possible the entire number. or unencumbered real estate in the Casa Grande Valley in Pinal County, 'nat are taking water or have the right thereto from the Casa Grande Valley Canal company, desire to make that canal, its property and manage ment their own as community inter- est with the ownership in themselves Of at least majority of it's bonds and stock, and
 II the owners of such real estate can and willso legally arrange their part of the matter that such real estate can be made an available and acceptable first mortgage security for the pay ment of the purchase money to be paid, for at least majority of the stock and bonds of said canal.
 The undersigned believes he can secure the acceptance of proposition, to be made by such persons above re- ferred to, for the purchase, transfer and ownership as aforesaid of at least one hundred and eighty.one (ls1) out of the total of three hundred and sixty (S6oD bonds of sl ,OoO each, repre- senting the outstanding indebtedness of said canal, together with at least majority of the total number of shares Of the full paid capital stock of the said Casa Grande Valley Canal com pany, as well as Acknowledgements to the purchasers of the official manage ment thereof. The consideration and condition of such sale and transfer, as aforesaid, to be the payment of three hundred and fifty dollars ($35O for each and every one of said bonds to the number of at least 1si bonds :. which amount shall also include pay ment for at least a majority of the full paid shares of the capital stock afore- said, and upon further condition that the total amount of purchsse money for said stock ard bonds shall be secured by the notes or bonds in multiples of sl ,000 each, payable on or before 25 years from date, with inter- est at 6per cent per annum, payable semi-annually in the city of Chicago, State of Illinois; said notes to be executed by the owners of the real estate first herein referred to or their proper and legally constituted repre- sentatiyes, and to be secured by first mortgage or mortgages, trust deed or trust deeds upon the said real estate, with B provision that upon the pay ment of any one CT more of said notes certain percentage or designated portion of such real estate should be immediately released from said mort gage or trnst deed, if being suggested that said mortgage ortrust decd should set forth, at the time of. the execu- tion, the specific amount that being paid would entitle 10 the release from said mortgage or trust deed each parti- cularly described and designated tract of land therein, thereby enabling any owner of such specific tract of land to secure the release thereof at any time by payment of such specific amount.
 The undersigned in this manner in purely informal and ez-parte way suggeststo the community addressed matter and plan of action which may or may not interest them. He under takes no further obligation than to render service if it can be done, without in any way binding himself hereby, and whatever may or may not be done in this connection, 1t is not in- tended and shall ns be considered that this suggestion as herein given shall form any part of or . any manner be part of any business transaction that may grow out of the same. He does not owD majority of the bonds and stock as above referred to, and has not consulted with any of the owners or representatives of such owners eonsti- tuting a majority of said itock and bonds in connection with thi; sugges- tion, but believes the plan can be successfully carried out if undertaken, leaving the matter, so far as itpertains to the land owners addressed, to be acted upon, if at all, as to them may seem best.
 Hartford Building, Chicago, Ills, March l6th, 1898. @
 oREN B. TAFT.