The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-05-04
PLAN TO APPLY
FOR MORE WATER
Proposition viii Be Submitted
al Canal Meeting.
COVERS UTAH LAKE PROJECT
ADJUSTMENT OF VARIOUS CON
DITIONs Is MADE.

a comprehensive plan. embracing the
relations between the canal companies
and the government is TO be submitted
at the meeting Of the shareholders of
The Utah & Salt Lake Canal company
at il a. m. Saturday al the Fourteenth
ward meeting house. The plan covers
thc method of applying for water in
view of The proposed Improvement of
Ltah lake II is as follows:
Plan submitted Tor subscription FOR
she Utah x sale Lake canal company
under the government improvement
Equivalent or Existing RIslls.-lhc
cana. co7lpaHy 70 accept GID second feet
as the equivalent OF existing rl5hts ina
The Utah lake and Jordan river
Application for More Water--Nue canal
company 20 apply for am additional ~
second feet making total of l5t second
feet and 90 have ana option Tor 5t days
uu 30 seCoHu feet more, mdkIuE possible
total of $50 second feet
Security 20 GOVeTnmeuJ.-Hhe canal
company to give bond and mortgage
ON the canal compauy.s property as SEE
curity TO the government
Two Forms Of Stock.
New Stock TO Re Issued.-A new class
or stock, 10 be known as 'Cldss Is, 10
Doe issued. not to- exceed 10000 shares.
making total of not 30 exceed $1,000
shares.
Present stock called Class Am
present stock shau be- called Class A
stock. There shall be mo- difference be
tween Glass A stock and Glass b stock,
except that ~ al any time there should
De "a scarcity of water. Glass a stock
shall have the prior right to water and
be supplied before amy water snail be
accorded 20 Glass B stock
Issuance of Glass b. Stock.-Eyery
stock shall be allotted "a snare OF Class
3 stock. for which hg shall pay Sj.N.
mss share OF the cost according TO tine
government estimates, payable ON the
completion OF the improvements at the
rate OF 81 cents per year Tor ten years
without interest no security shall zoe
gwen Tor the payment OF this dddiuonai
stock except That it shall Oe lien ON
the original stock for the payment of
the 90 cents per year for ten years
Stakeholder So Desircs.-AuE stoCkhOIu-
er who has sufficient water, or for other
reasons not desiring additional rights,
no Class i stock VIII bee allotted him,
and his share TO the water viii be as az
present
Basis of Water Distribution.
Amount of Water per Share-The ba~
SIS of these calculations is that two
shares viii give q very falr water right
Tor one acre of land "a duty of eighty
three acres per second FOOT. but that Two
ana q halr shares can Doe used ON land
mat Is extremely thirsty IA duty of sixty
FiA acres 20 the second foou
Application OF Parties Having No
NJ alter HlgnJ---Auy persons who own
land under the canal without water or
any stockholders having insufficient
water shalt have the privilege OF sub
Hrrlblug Tor class E stock. paving for
each Two shares El.7S, being the pres
eut price. S-5 per share auG SIS. Is the cost
ui the application for the additional water
under the government improve enTs. OF
si'-ot per single share. The payment for
the same shall be that the first payment
shall commence at the completion of the
improvements, and payments shall be
made al the rate of SL53 per year per
snare Tor ten years without interest. The
s-gGl 90 use water To applicants who have
land without water or having insufficient
water, shall not commence until the COM
Hlet9n on lhe government improvements.
These applicants shall give EOod and SUE
iiCieiI security, either 10y mortgage or
ut1ef way the company may deem suiiGi-
Gent for the payments of the amounts
subscribed for
May Dispose Of Right.
Parties Owning Water RIGHT bul mo-
Lall--AuE person owning water stock
without land. and wishing to- dispose of
same can do So hy making application to-
l.e company inside of thirty days The
Canal company tg paw for same S15 per
snare, az rate of $3.50 per year for ten
years, without interest tine first pay
-uyht 20 be made ON completion of the
government improvements.
ii May BE More OF L6ss--Ile amounts
oHe from applicants for subscriptions 90
now stock of S5.s and SI5Sq resDactiveI1-.
are based ON the government estimates
"Alch are on appearance liberal but may
be less or more according to the actual
cost of the Improvements.
Payment of New Shareholders TO Old
shareholders for Use OF CauaI.-Thg diff
ference between the prices of s6TS aud
Sl5@ per Share-beiug &.II-i- the amuunr
which parties having Uu present right in
me canal pay Tor perpetual right 90
convey share of water Though the CA
NAL IL VIII De dividend To holders ur
class stock. ana viii be distributed am
LuatI. as received.