The twice-a-week Twin Falls times. (Twin Falls, Idaho) 1916-1918, 1916-12-26

change the articles and bylaws makes |
1t practically impossible to have any |
changes made.
Four years, ago, following individual
effort on the part of certain stock
holders of this company, the legisla-
ture amended the law of the state so
as to give a corporation organized
pursuant to the Carey act, the right to
elect it's directors and transact such
other business as may properly come
before it at its regular meeting re-
CARELESS of whether there was at this
meeting a majority of the stockholders
or not. Your committee strongly rec
ommends that this law be further
amended so as to permit the stockhold
ers who are present in person or by
proxy, at a regular meeting, to make
such amendments of their articles of
incorporation, or of their bylaws, as
they may determine by a majority vote
of those in attendance. 1t is thought
that the needed change in the law can
easily be secured early in the present
session of the legislature. If this can
be done then your committee unani-
mously recommends that the articles
of Incorporation be changed, not only
in the particular above referred to,
but also by providing that only a part
of the board of directors be elected at
each annual meeting, thereby insuring
the presence on the board at all times
of persons familiar with the affairs of
the company and of the canal system.
We believe it to be a mistake to have
it possible to elect full new board
at every meeting, for it is likly to re-
suit in choosing as directors persons
who have had no experience with the
work required of them. In this con-
nection the recommendation is made
that the board of directors be reduced
to three members, with one to be elect
ed every year, or have it composed of
six or nine, with two or three to be
elected each year, and from the six
or nine to be chosen an executive
board consisting of three members
who shall have the active control of
the business of the company, the full
board to be called together only when
matters of great Importance are to be
considered
Until the law is changed in the man
ner suggested, the election must pro-
coed as heretofore, and five directors
must be chosen. Your committee how
at this date, but that an adjournment
of this meeting be had for thirty days
to give time for the securing of the
legislation required.
A suggestion has been made that
some and perhaps all of the difficult
ties confronting us in regard to meet
ings of stockholders and election of
directors could be removed and the
canal system be better managed if the
entire irrigation project were turned
into an irrigation district to be formed
under the statute. The ACCESSIBILITY of
this law has been discussed by the
committee, but we make no report
theron other than to advise that it be
given thorough consideration.
Some of the members of this COM
nittee are in favor of a plan being
devised and put into execution which
will call for the payment of canal
charges from year to year based on the
actual amount of water received by
each stakeholder, maximum and mini
mum limits to be fixed. This is sug
gested for several reasons among them
being that certain crops and certain
lands require more water than do 9TH
ers, and that a system of this kind
would tend to the practicing of econ
omy in the use of water, and would
probably result in more water being
delivered to the west end of the tract.
One matter of the greatest impor-
lance has been discussed by the COM
mittee, being the proposition to sell
other water rights under this canal
system. In order that there may be
a full understanding of the situation
your committee reports that there was
originally an appropriation OF 3,UUU
cubic feet of water per second at Mil
ner dam for the reclamation of 100000
acres of land on the south side of the
river, making / cubic foot of water for
every so acres. Only about 100000
acres of water rights have been sold
These rights belonged in the first in
stance, to the Twin Falls Land and
Water company. In 1910 an agreement
was made between that company and
the Twin Falls Canal Company 10 the
effect that the stock representing the
water rights which were then unsold,
aggregating some $4,000 shares. was
turned over to the canal company, with
the further agreement that in the
event it was found that there was suf-
ficient water to justify the sale of fur
Their rights, these rights should be