Rocky Ford enterprise., 1911-03-24
ROCKY FORD COLORADO. FRIDAY, MARCH ~ l9ll
ROCKY FORD IRRI-
CATION DISTRICT
Will Be Formed by New Company in
Control of Colt Project.

with the county clerk at Pueblo last
Saturday by which Pennsylvania,
Chicago and Denver capitalists take
over the control of $1,000 900 irri-
CATION project in the Arkansas valley,
which will irrigatc 10000 acres OF
land in Pueblo, Otero, Bent and
Kiowa counties. The project ac-
quired is known as the Colt Reservoir
and Desert canal and was commenc-
ed about two years ago by Las Ami
mas and Rocky Ford capitalists. w.
A. Colt of Las Animas and Denver
being one of the leading promoters
ccording to the agreement made
public Saturday the new owners agree
to pay WI A. Colt and his associates
$4,000 and reimburse them for all
money expended to date in the pro-
ject. The new owners agree to pro-
vide 100000 to be used in construc-
tion work on the project the money
to be available by May /. 1t is fur
thcr agreed that the new OWNERS
will fully finance the project and COM
plcte it along the plans originally laid
out which provide for an expenditure
of SIo,Ooo,ooo in construction work
The agreement provides for the
organization OF a new holding COM
pany to be known as the Las Animas
Water company. The company will
be incorporated for SIo,ooo,ooo with
$e,ooo,ooo preferred stock and Ss.-
100000 common stock. The directors
of the new company will be divided
into class A and class b directors.
1t is agreed that the class A directors
shall be as follows: G. w. Robert
son, w. c. Mcconnell and G. c.
Graebcr, all of Shamokin, Pa; J.
C.. Kelsey of Chicago, ILL.,, w. E.
GoldsboTough OF Denver, Colo. The
class b directors will be p. G. Scott,
H. l.. Lubcrs. l.. Z. Thompson and
w. A. Colt of Las Animas.
1t is agreed by the men in control
of the project that an irrigation dis
trict shall be formed to be known as
the Rocky Ford Municipal Irrigation
district and shall include not less than
10000 acres of land to be irrigated
by the Las Animas Water company.
Provision is made to purchase 10000
of state land under the project and
it is stated that this land is to be put
up at auction by the state and will
probably cost the promoters about 81
per acre. ..1 .r.
All the water rights of the Colt
Reservoir and Desert ditch will re-
vert to the new company. The water
| rights are in Arkanksas river, Bob.
| Adobe, Horse. Mitchell, Homestakc.
Mustang and Frying Pan creeks. The
| agreement stipulatcs that the project
shall be so constructed that it will
supply one and one half acre feet OF
water for every acre OF land to be ir-
| rigated.
Construction work is to be contin-
ucd without stop until the project is
completed. The company has the
right under the agreement to bond
the project for not over $40 per acre
for each acre OF land under irrigation
The agreement involves one OF the
largest irrigation project transfers
ever consumated in the country and
inisures the completion OF the Colt
project, which is one OF the largest
attempted in the Arkansas valley.
The parties to the agreement which
places the control with the eastern
capitalists are w. 4. Colt, II. |. Lu-
hers. p. G. Scott. J. c. Davidson, l..
+. Thompson and J. i. Marlman OF
Las Animas: Rufus Phillips OF La
Junta. G. NJ. Hall of Rocky Ford.
who have hitherto held the control in
the project. and w. L. Goldsborough
of Denver. acting for the Pennsylva-
mia and Chicago capitalists and for
himself. Mr.. Goldsborough will re-
tain large block of stock in the new
company. and the Las Animas, La
Junta and Rocky Ford stockholders
will also retain holdings in the new
company. although the control pass
es to the eastern capitalists.