The Parker post. (Parker, Ariz.) 1910-1918, 1912-07-20
WHY THE WATER SYSTEM
SHOULD BE REORGANlZED
No Need For Further Delay In Securing First
Class Irrigation System For Entire VAL
ley.--Bridgeford Act Favored.

Thus man who owns property here
and Ives elsewhere will have less
say sus to the officers and manage
ment than the man who plows his
ground and harvests his crops. The
law presumes that the man working
On the farm is just as much interest
ed in the welfare of the valley as
the landowner, for here is where he
makes his bread and butter.
Then when we vote bonds for the
system all the lands within the dis
triCt are equally liable for the pay
ment Of the bonds, but the payment
falls pro rata as per the value of the
bonds.
The bonds are paid as follows:
First, they are voted to be paid with
III 80 years at not to exceed per
cent interest per annum At the end
of the :isG year, per cent; 22nd
year. 6 per cent; 23rd year, per
cent: oath year, per cent; 25th
year. } per cent Goth year, 10 per
cent; 9th year, II per cent; 28th
year, IL per cent; Goth year, Is per
cent. and at the expiration of the
Both year, the remaining, 16 per cent.
Thus for illustration, if we find
that it will require $750,O00 to buy
the present system and completes the
new one, and that We then have u.s.
$50 acres of land it with cost us COM
plete $40 per acre.
With interest at per cent on
$50, 900 it will amount to $37 800 per
wear or so cents per acre per year
Then add $4,000 for maintenance,
which would certainly be ample and
a surplus to spare. Then after 20
paid, the payment would be $35 900
interest and 5 per cent on the prin
cipal would be another $35, 900, or a
total sum of $4,000 or less than $40
per acre. Then add another $1.0O
per acre for maintenance and We
have only $500 per acre to begin 20
years from now.
At that time our lands should be
easily worth anywhere from $500
per acre upwards.
Even if our system costs us $1,O00,-
900, that would only be $500 per
acre, and this SUM would include TAX
ing over the old system and paying
for it.
The big question lis, of course, the
bonding problem, and upon the sue
cessful floating of the bonds will de-
pend the success of our district to a
large extent. These bonds are i
vestigated by a state board appoint
ed for that purpose, the state inves-
tigabing the district to see what lis
and when the system is completed
and the money spent. With our 75,-
900 acres under water the lands and
system should easily be worth $100
per acre Or over million dollars, ON
which these bonds would become
first mortgage. This should certain
ly be ample security for any sum that
we might need, and as they are to all
intents secured the same as school
bonds we should have no trouble i'm
handling them; that is, no unneces-
sary trouble.
AS to the management and forma-
ton, after the petition is presented
and ain election called, the matter lis
then left to the voters of the pre-
cincts in the district. They are to
choose the directors who will have
charge of the management of affairs,
and if desired the bylaws can be
made SO that a recall can take eff
feet, provided that the directors do
not disregard or fail to do their duty
Taken as a whole, if we cannot sue
coed with government and a sys-
tenn at absolute cost we would be UNI
able to succeed under any system.
We have no such fear as failure, but
every opportunity to go ahead and
realize the dream of years as far as
practicable