Lincoln County times. (Jerome, Idaho) 1911-1919, 1912-06-13


fillment.
Bird. The provisions in this clause
calling for interest at the rate Of
$50 instead of go, a difference Of
2@6 does not cover the actual cost
to the Company. The settler how
ever, has the privi lege Of returning
TO the original so basis, at any
time he may So desire.
4th. This stipulation provides
that beginning with the year Of
1915, the settler shall pay the act
ual maintenance fee instead of the
3j cents a. provided in the original
contract. This is justfiable from
the fact that with the extentions
granted the time for turning over
the stock to the settlers would be
prolonged, and during this extra
period the settler should pay the
actual maintenance.
9TH. The provision that a reason
able attorney fee he paid in case of
foreclosure is reasonable and just
and is inserted in all notes and OBJ
, legations, but it is not material and
could he waived.
9th. A stipulation if signed un-
r der this plan would have To be re-
= corded and forwarded to the Pitts
| burg office to enable them to re IL
p nance this plan. Our contract will
cost 81 80 To- record. The balance
- Of the SO was intended to cover
Y expenses incident to the signing ul
= of the stipulation 10y the settlers.
Make that clause read the actual
= cost of recording the papers. And
n they must he recorded in order t,
e enable Mr. Kuhn To re-finance.
n Just To show you the intention o
d Mr.. Kuhn-Do YOU think that h,
v would make loans 10 the extent o
= 500, 900. .W at Il per cent, run
n ming in some cases 10 years ano
sometimes less and would increas
# that amount If the general situa
r tions were better in the east? VIII,
| without the development of thi
~ tract he has not cent. No yol
If cannot accuse him of trying to &c
out of this Company for he mus
f. protect his interest. NJ. Kuhn i
L. order to protect his inveStmer
nj must perfect this water supply.
.t Mr.. Rice: Was that propoSitio
absolutely correct. The statemeI
nj which Hays made?
/ Mr.. McWatters: | was calle
ho out while Mr.. Johnson was havir
an interview with Mr.. Hays, ther
fore | do not know just what h
statement was. But We have con
J.. piled with the terms of the con
-. tract, legally and technically IN
l. without regard to what MIR. Ha.
T.. said we will eliminate that Secor
. clause. We have been and propo
m To continue To work on the rese
- voir and in the meantime will g
water from some other source.
I. Rice: have been charged wi
al being a kicker, making trouhI
| show hy my actions what ! al
,ll | have put over $50, 600 into tn
~. | think that money is we'll invest
~. hut for one want to get what
due us. The man that don't
his part is kicker and Il knock,
~ We asked Mr.. Hays if il was air
~" lutely necessary that the first cla'
~ be left as il was. He says yes. W
V il is not complete. 1t is our hu
3" ness To see how we stand and win
Wy we stand. The definition of T
''' ervoir is place to hold water a
~ the reservoir does not hold il. [
contract calls for Il canal.
''''' canal has simply one bank, as
-" upper bank is simply the surroul
' -" ing land which does nothing
w take water from the canal.
'''' are going to insist upon having
'''' thing completed and finished i
Wv manner that will last. If
:" " HAYS had shown us as mi
tate a.. las, ,aa,