The Ordway new era., 1913-06-27
Plan Of Reorganization Of the Bob Creek
Canal and the Twin Lakes Reservoir

At meeting OF The Bob Greek Farmers Protective
Association with Mr.. Roberts of The Twin Lakes Com
pany held Ordway, Colorado May goth, 1913, more
than two hundred right holders AS a
the negotiations in the settlement Of all diff
ferences as between The Twin Lakes Land and Water
Company and right holders under the Bob Greek
Canal Judge Voorhees, explained the proposition made
by Mr. Roberts the right holders which was in
substance as follows
Under the present plan of organization claimed by
the Company, the distribution Of water the Bob Greek
Canal is divided into three classes OF rights.
l. RIVER RIGHTS.
s33 water rights, 80 each. 6664o acres
O. TWIN LAKES RESERVOIR
$1,000 shares 3-4 shares to acre ooo4o acres
(26 2-3 shares surplus.)
g. Lake Henry and Lake Meredith together consttut-
ing the third right.
LAKE MEREDITH.
5464o shares, share to 5464o
LAKE HENRY.
shares, share to acre. 1900 6664o acres
The plan of reorganization is:
a. To limit the number of water rights, go acres
each) in USE the canal its appropriation from
the Arkansas river 1888 700 and consequently the
total irrigated will be reduced from 6664o $1,000
acres that each of river water right will receive
o per additional per water right
with the right to the of water throughout the year
whenever obtainabe without regard the present rigat
ing defined in the water deeds.
b. To reduce the total number of shares of the capital
stock of The Lake Meredith Reservoir Company from
$4,000 44ooo shares, that there will be share of
capital stock to each OF land irrigated from Lake
Meredith, total acreage to be irrigated from Lake
Meredith reduced from $4,000 to 44ooo to
spond with the reduced acreage of land be irrigated by
the river water rights.
c. To provide for purchase, by right holders
who river water rights only, Of onealf share
OF Twin Lakes Reservoir stock same to be sold by
the Company river right holders at the prevailing
and customary price of $1,000 of and said sales
be made by The Twin Lakes Land and Water Company
upon its form of contracts and upon heretofore
and now in force with the Company.
d. To provide for the attaching of all the water rights
in Lake Meredith Reservoir of land only
Glands having the rights from Lake Henry, by
the of such lands purchasing capital stock of The
Lake Meredith Reservoir Company at $1,000 per share;
each purchaser receive Herewith onefourth of share
of Twin Lakes Reservoir Company stock per of land
heretofore purchase of Meredith water rights
be upon the basis of share of Lake Meredith stock
for each of land for which the purchaser has river and
Twin Lakes Reservoir rights.
The purchase and distribution of The Lake Meredith
Reservoir Company stock will be made in the following
After the number of Lake Meredith shares reduced
total of 44ooo The Lake Meredith Reservoir Company
will place bond issue of $4,000 The Lake Meredith
Reservoir and on its water rights and franchises and
shares of Twin Lakes Reservoir Company stock
hereinafter fully described, and being bond issue
OF $1,000 per acre.
The stock will theraupon be issued to the owners of
the 44ooo of land to which The Lake Meredith Res
ervoir rights attach subject to issue
OF $1,000 share In this way the purchaser will not give
his notes obligations for his Lake Meredith stock
and the oneourth share OF additional stock Of The Twin
Lakes Reservoir Company per but the purchase price
thereof will be represented by the bond issue.
To those who have heretofore purchased The Lake
Meredith Reservoir rights there will be given bonds
at the rate of $1,000 per Of Lake Meredith rights only
These bonds be turned in for cancellation and there
upon he the release of his Lake Meredith stock
and OF his fourth additional share of Twin Lakes
ervor Company stock per from the of
curing Lake Meredith Reservoir Company bond ISSUE and
at the rate of $1,000 of bonds cancelled per share of Lake
Meredith stock and oneourh share of Twin Lakes
ervor Company stock reeased he hold his bonds
investment he may prefer The provision
lease of stock from bond issue will likewise be available to
stockhoder upon payment of his proporonate $1,000
per acre
Upon compliance with the above provisions the hold
ngs of the respective of water rights under the
canal system will be uniform each right owner
ing his river right ourhs share per acre of Twin