The Sun. [volume] (Price, Utah) 1915-1932, 1918-08-02

taking over the Price River Irritation /
company when that property is fore.
closed IN October, next. met last Fri. !
Gay evening and stiil further perfect. |
90 their plans Tor the new concern /
which is to have tho title OF Carbon |
water Land aud Power COMPANY |
Thcy gre J. e. Icnaen. ". q. Mathis !
.C. X. Marcusen. Harry Barnes. A I
Bryncr. u. u. Lewis and Lars Gundcr- |
on u was stated at the meeting that
by thr time the now company gets
hold Ut the project IL will have an In. I
debtcducss ct "a hundred aud fifty
thousand dollars Thirty thousand OF
this will 60 TO pay off Utah Savings
and Trust company whiio the differ
cncc between the sum left and the
eighty odd thousand due the state will
be used for building the tunnel west
of Price which docs away with a hiR
lot Of fluming In circular letter.
which will be sent ont e. stockholders
after approval hy the state land board
today friday the committee says
To stakeholder of the Price River
Irrigation COMPANY Your commit.
tee. chosen July stth. proposes the
organization OF tho Carbon Water.
Land and Power company. corpor-
ution with "a capital pf $500. goo 90 a..
vidcd into twenty thousand shares.
which company viii purchas. the
property ~ the Price River Irrigation
company when IL h. sold In October
II" satisfy the states mortgage
Storkholdrr~ Nddr,,sscd
subscriptions 60 the stock Of the
company may be- made up % and In.
Guiding August 20. 1918. by signing
the enclosed subscription list and de-.
liycring II with IN. firtt payment up
IN the stock g. either ~ the under.
signed
Holders OF stock certificates of the
Price River Irrigation company may
make part payment ui their subscrip-
ton by endorsing tho certificate and
delivering n. \ credit of $3.50 In pay
mont share for share viii be- allowed.
Tho remaining 1850 must be- paid az
the tim. and In the manner which N"
hoard ~ directors shall ordct
Subscribers who Offer no stock
must accompany their subscription
with 10 pet cent ct the amount SUBJ
scribcd or $50 per share. IN" bal
nncc to be- paid az the tims aud In the
manner that the board IT directors
shall order.
The time aud manner h to be- de-.
iermincd by the state land board from
whom the company proposes 10 s"cur"
q loan. The terms 81 tho loan dis.
,usscd. though gy no means deter
mined. are Tor twenty years at per
| cent Interest with no payment the
/ firrt five years nf either principal or
Il interest
II III these terms are finally agreed
upon suhsrfibcrs viii be given the
/ ZANE terms. should th.y desire thcm.
To- pny the remaining part of their
Il nibsrrlptlon Their notes will be
g. ken secured hy thrIt land and their
water.
SHOULD ,ou desire Co b-,ome a
storkhuider immediate" r"sp"nr" a.
this h required"
subscription Agrcmcni.
we. the undersigned hereby wu-
uinily agree each with the Others AMI
with the corporation hereinafter
mentioned. srycrally and not Jointly
tn take the number ni shares s"i OPP
prsit. our respective signatures herr'
Ia nf the capital stock u o. corporation
be- organized under th" lava 81 the
state 81 Ttnh. under the name 81
Cnrhon Water, Land and Power COM
many, fnr the purpose ~ acquiring
,wnlng. conveying. storing, conduct
ing selling ANA furnishing water ana
water rights for domestic, mhnula''
,uring ana agricultural purposes from
price river and H. tributaries In Car
hon county. Utah, and vicinity ana !"
Furnish power Tor any ui said pur.
noses and to purchase, acquire ana
'v-u us wru as sell and convey, land
and re,ervnis sites therefor, such cor
rnr,tiou 10 have an authorized chpl,
,.t st,,k of three hundred thousand
Jnii.rs divided into twenty 'hnushhu
.hsr,s Of ths par value Of fitIeen dot
t,rs .ach. and We do hereby s"NerhlN
ere, a. nay the par amount 81 sh'h
'har,- al stock a. said corporation a.
follows. ,..,,,,.,
prt.. uIy,r Irrigation COMPANY
rorporatlon, shall paN upon 'h' ~"
Am. ~ thls subscription, ana fhhl We
entitled a. a credit "f, upon the ,lal'''
fcr of stock In said Price river ~ ~"
/ -. .,upunV L. this new rorp"fa'""
~. .,,,b sbC~e thereof, IN" sum "i
II a. Il
] AZ 40. ana the same shal h' y, se
s,id amount. the balance of f'e'
NJ for each share subscribed to" ,,i . .,',r
-. A. Maid fnr at such times an" sue '
',.,,,er ms thr board ol Director HhH'
",rcr, and decide. or Others VII" desire
:, pny AN cash. shah pay 10 per cen
- ,boir subscription IN cash upon ~
signing Of this subscription, anu . ,''
i,sIance al sIch times and ~ su, ,
/ '',''.r a. Inc hoard of directors shh'
u" ,sThe subscriptions hereby mao ,'
Ham bc deemed 60 be h''ep''u ~
ia CORPORATION immediately up"i
ne ming ana recording Of me Ssr' ~.
'n n,. '' ~ incorporation thereof I" 'h'
manner prescribed hy law ,...
~ is understood and as'e,u '"s
III IN. certificate or agreement OF lh'v'
nnrat,on Of such corporation may 10 %
lT,gned by any five OF more o. vs.
a,snSp hereto. and that such Ger
| 'S1e,a NAV contain such provision
- NJ