The Julesburg grit-advocate., 1912-11-14
Jvlssburg lyigatisa District
Proeoodings
September 7th. 1912


Proeeodiags
September 7th. 1912
Board met September 7th. pursuant
to adjournment of September 3rd. with
the following members present; G. W.
Stockham, Pres, B. d. Parker. Jr.
and VIM. H. Brandt. directors. C. M.
Robson, attorney and Glen B. McKins-
try, secretary.
L.W. Eversman appeared before the
Board, making settlement in full upon
the inclusion of his land within the
boundries of the district.
J. N. Buchanan appeared before the
Board asking that bridge be construc-
ted across the high-line upon section
6-l1-46 and same was referred to ID. A.
Camfield.
The question of levy for maintain
ance of District for 1918 brought up
and discussed and laid over till next
meeting.
There being no further business.
Board adjourned.
Attest G. w. Stockham, Pres
Glen B. Mckinstry, Sec'y
October 9Th, 1912
Board met October 9Th, pursuant to
the regular adjournment of September
7th, with the following mem bers pres
ent; G. w. Stockham, president, VIM.
H. Brandt and B. D. Parker, directors,
c. NJ. Robson, attorney, and Glen B.
McKinstry, secretary.
Peter ]. Banpston appeared before
the Board through his attorney, A. F.
Perrier. with an offer to sell his water
rights in the Settlers Ditch at the rate
of $526. 90 per right, in reply to which
the Board made him an offer similar to
that agreement made between the Dis.
trict and H. L. Creve for the latters
sights - IN ~ SliecA, viE, eonsidera.'
tion Of $40O. 90 per right. to be paid by
warrants drawing six per cent interest
year from the time of agreement,
papers to be placed in escrow and
draw six per cent interest up to the
time of drawing warrant.
Upon motion made, seconded and
carried, the building of bridge in
Deuel. county, across the nighttime was
allowed, same to be built under the
supervision of the Superintendent.
1t appearing that ample funds are
not in the treasury for the payment Of
the bond interest now due, the follow
ing resolution was adopted. viz;
Resolution.
Whereas, there are no funds availa-
BILE for the payment of interest cupons
due Oct. l, 1912, and whereas it is nec-
essary for the purpose of paying said
coupons to borrow the sum of eleven
thousand five hundred t$l1. 100000 dol
lars.
And Whereas, William E. Sweet & Co.
of Denver, Colo have offered to loan
said upon the terms hereinafter set
forth,
Now Therefore, 1t is ordered that
the Ju!esburg Irrigation District bol-
row the sum of eleven thousand five
hundred ($l1, 10000 dollars of the said
William E. Sweet & Co. for the above
purpose upon the following terms:
The said William E. Sweet & Co. to
use said eleven thousand five hundred
tsll. 500. .00) dollars in taking up said
coupons as they are presented, and to
receive as interest for said sum six 81
per cent per annum until paid; that
any part of said sum of eleven thous-
and five hundred ($ll, 500 OOD dollars
may be paid at any time and interest
on the amount paid stopped; that upon
payment of part or the whole of said
sum, the said Sweet & Co. will sur
render coupons in an equal amount to
such payment. 1t being understood
Fthat the whole amount shall be paid on
Yer before Febr. lst, 1918, with the fur
ther understanding that if on said
date there is only reasonably small
amount yet unpaid, the loan is to be
continued for reasonable time with
out a new commission to the said COM
pany: that said William E. Sweet &
Co. be paid the sum Of three hundred
|$300.0O) dollars as fiscal agents fees
for securing said loan and that a war
rent be drawn therefor.
Upon motion made. seconded and
carried, secretary is hereby instructed
to draw warrant for himself for the a.
mount of $3l5.s0 for the payment of
interest on the loan as described in the
above resolution.
Upon motion made, seconded and
carried the following resolution was
adopted, regarding the amount neces-
sary for the maintenance of the Dis
49,