The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-07-04

and under the provisions OF the state en-
actment mentioned the people are en-
abled to form an irrigation district t1
embrace all of the lands that need wa
ter. and TO issue bonds and dispose OF
them for the purpose Of constructing the
/ system of reservoirs and canals.
This state law, by the way, has been
drawn carefully, and contains the best
provisions Of similar laws in other states
/ where irrigation is practiced. Competent
attorneys and engineers are authority
for the statement that IL is the nearest
approach TO a perfect irrigation law
that is 10 be found on any statute book
II safeguards the rights Of the individ-
ual landowner, and at the same tine
contains provisions that make safe an
investment of capital in the project
Eastern Capital Interested.
Within the past two weeks eastern
capitalists have been in Utah making
/ careful investigation of the whole mat
| ter and meetings have been held daily
/ in Salt Lake or Ogden, in which the Of
/ ficers Of the Weber Reservoir, Power &
I Irrigation company and the eastern men
no. taken part.
/ After the Ogden meeting was held
... -.-I44y-.4oement was made Of
/ ncially that the capitalists have deli
/ nitely agreed TO finance the proposition
and that funds VIII be available as soon
as the preliminary steps can be taken
under the law TO form the irrigation
/ district.
1t was furthermore officially an
nOunCed that no time will be lost in
/ getting the landowners In line TO form
( the irrigation district The first step
/ provided for by the statute is the filing
of a petition with the county commits
sioners of the county in which the
/ greater amount of land 20 be benefited
1 is located, which I'm this case will be
with the Davis county commissioners,
asking them to order an election for the
voting of bonds and the election of
three directors. who are TO have charge
/ of the the affairs Of the district. At
[ this election the vote is by acres, a
/ person being entitled to one vote for
each acre of land he owns within the
| district. If two-thirds vote favOrably
the district is formed, the bonds are
voted and the directors are elected, and
| thereafter the directors have general
charge of the expenditure Of the dis
/ trict funds. In conducting the affairs
Of the district three divisions of the
lands, as nearly equal as practicable,
are made. and one director has imme-
------ - Va N--N--A NtlH7-i ~
Requires Vast sum.
1t is estimated that the carrying out
of the great Undertaking will require
an expenditure of So $50. 600. which is at
the rate of s125 an acre for the 10000
acres of arid lands that it is proposed
to embrace. In this the Is 900 to 20 900
acres Of semi-arid lands are not in
cluded, though a provision will be made
Tor embracing such insufTiciently wa
tered tracts by allowing the owners Of
such lands to petition into the district
after 1t is formed. The stipulation has
been made that the lands shall not be
bonded for a sum greater than S125 per
acre.
As has been said, the entire 50, 75O. 900
issue of bonds which will, If voted.
bear s per cent interest. viii be taken
at par by the eastern capitalists whose
representatives are now in Utah. They
are said TO be Chicago people, but their
identity has not been made known. The
bonds viii run for twenty years No
interest will be charged during the first
two years, or until the water is turned
INTO the canal, after which time and
during the ten years following, the
landowners are required 10 pay only the
interest annually. In the eleventh year
not less than 8 per cent of the principal
viii be called for; in the twelfth year.
per cent, and so on in increasing ratio
until at the end Of the twenty-year pc
Rod the principal will all be paid and
the canal system will be the property
Of the landowners.
Water Within Two Years.
1t will require three or four months
to effect the organization of the dis
trlet on the lines provided by the
statute, but it is hoped that the com
ing autumn will see the election held. |
and in the event that the people decide
TO proceed, the promoters and the can't
talists who are to back the project
promise water for the immense tract of
land by the year 1911.
1t should be said that while the Of
hcers Of the Weber Reservoir. Power
& irrigation company are fathering the /
PROPOSITION, they do not hope to realize |
a dollar Of profit from the transaction.
They hold the reservoir site. an i'm
mensely valuable property, and they
nave done a vast amount Of work l
whipping the project into shape. but |
the officers who were seen TODAY de-
clared that they are ready to turn over
ali their holdings, including sites. mans.
estimates, etc, to the district as soon
as 1t is formed, and all they expect is
TO have the new organization reimburse
lhelr stockholders for the amounts ac-
tually paid out which will spDrov-
innate $4,000 with probably some other
small expenses still to be incurred. The
personnel of the board Of directors of
the concern is sufficient evidence of
good faith. The officers are: W. IT
Rich of Morgan, president and direct /
or; O. Christensen Of Ogden. vice nres- !
ident and director; Thomas L. Allen IF
Coalville, secretary. treasurer and di- /
rector; Nephi Sargent OF HoytsviTe. df- /
rector; James Green Of Hooper. d. /
rector; Joseph H. Grant Of Woods 1
Cross. director: John G NJ. Barnes of /
kaysviile, director; Heber J. Sheffield /
OF Kaysville. director.
Provisions for Storage.
AS to the details Of construction nj /
the canal system, II has been given ont |
that the water viii be stored above I
Echo, and, as needed, will be conveyed /
IN the river channel to a point above
PETERSON, Morgan county, where q dam
viii be built, and from which point two /
canals. one on the south side of the
river to water Davis county lands and /
one on the north side to irrigate Weber 4
county farms. viii be constructed. They
viii follow the line Of the Union pa