The Caldwell tribune., 1905-12-09
FINANCIAL REPORT
BOARD PROCEEDINGS
The news of the Pioneer Irrigation Dis
e.. trict up to Date

The levy for tne current yea' 10
explained by the following extract
fon the proceedings of the Board
dated oct 10th 1905. -..@
Upon motion of Calkins seconded
Sv Watcher it was unanimously
voted 10 change Art S of the by
laws to read as follows, to wit; Sec
ton I, 1t shall be the duty of the
beasurer of the district in addition
TO such other duties by statue pro-
vded. to submit to the board OF dir.
rctors on the first Tuesday of each
month full and complete report of
the financial condition of the dis
tict. Such report must be accom-
panied by statement in detail Of
al the money received and paid
out, and accompanied by the neces-
ary vouchers in the form of dupli-
cate receipts, cancelled warrants,
redeemed bonds and interest cou-
pons. He shall keep a warrant
register in which all warrants pre-
sented for payment shall be record
ed, and the register must give the
date on which every warrant pre-
sented is paid, and the amount in
separate columns, of the principal
and interest thereof. He shall nei-
ther register or pay any warrant
until he shall have received from
secretary certified list of the war
rants ordered drawn by the Board
Of Directors, and he shall not regis
ter Or pay any warrant which does
not appear on record on such certi-
. ted list. He shall keep, a bond
register wherin he shall keep a
record Of all bonds of the District
issued or scld, together with a con-
else description thereof and the
name of the purchaser. He shall
pay interest coupons according to
the terms of the bond when proper
y presented"
It appearing to the Board of
Directors of the pioneer Irrigation
District that the payees of the war
rants lssuel by the District, are re-
qu1Fed to discount said warrants $
" 10 per centum in order to get
them cashed, and the said discount
mas to be born by the District by
It's having to pay more for labor on
account thereof than it would other
wise nave to pay, that while teams
could be had for $3.5 per day cash
IN tue spring ofIeo5, it was no little
trouble for the district to secure
teams to clean out bitches and can
ssae said time for $4.as per day
PAYING In said discount warrants.
.neFeDy it appearing that under
Tue present system of paying the
expenses of the district, that it costs
'ns district 10 TO 40 per per cent
A0le than it would if the district
"''e operated on a cash basis, and
At appearing from the estimate of
'ue secretary, filed on this date,
'nat 1t will require several years for
"s district to arrive al cash basis
~ paying the back warrants of the
''' In the order of their registra-
Cu On account of the large number
warrants issued in the fall of 1904
wi lateral construction and other
improvements; without there being
~; iunds in the treasury of the
Uis'rlct to pay the same, and it ap.
FI@'lns that said warrants or a
uslOrlty of them have been dis.
.Oanted S to 10 per. cent and at the
same time said warrants are draw
1 7 per cent annum, and it further
.appearlng that it is for the best in
S's OF the district that the war
n a's issued prior to July I, 1905 be
su' into a list to be called a ere.
81 uptlon List" to be paid in the
s sr OF their registration out of q
uu to be levied and assessed each
psd,t p@l, TO be called the "Warrant
annmptlon Fund" And it tuthel
caring necessary that a fiscal