Arizona republican., 1919-09-23

period of ten (1o) years from the date such indebtedness is incurred
 7. That section l of article " of the articles of incorporation of the Salt River Valley Water Users association be amended by inserting between the fourth paragraph thereof as amended on July 8, 1913, ending with the words, and tor any other useful purpose and for profit" and the fifth paragraph thereof beginning with the words, "To have and exercise all the powers" the following paragraph, to-wit:
 "To construct, install, operate and maintain pumps, ditches, conduits and other drainage works for draining any or all of the lands receiving water through the irrigation works of the as- sociation,'
 5. If drainage amendment to the articles of incorporation is approved by the shareholders, shall the board of governors be authorized to incur an ex- penditure of seventyfive thousand ($75,0O0.00) dollars each year for drain age construction by including the same in the regular annual budget provided that no further sum for drainage con struction shall be expended in any year unless the same shall be first approved by majority of the votes cast at an annual election or at an election called for that purpose"
 4. That section 1 of article " of the articles of incorporation as amended, be further amended Dy inserting just before the last paragraph of said sec tion, between the words, flor any other useful purpose and for profit" and the words ito have and exercise all the powers" the following words. to wit:
 "To purchase or otherwise acquire, own and operate cement plants, to ac- quire cement deposits and to manufac- ture cement for the use of the associa- ton and to sell and dispose of cement to its shareholders for use on their farms at cost, and to its shareholders and others for any useful purpose for profit"
 | Explains Vote
 | Hugh c. Gilbert of Glendale, a mem Der of the board of governors, while voting in favor of submitting the mat ter of acquiring a cement plant to the votes of the association, make the fol- lowing explanation of his vote:
 MT. President:
 In voting on this resolution. 1 de- sire to offer an explanation which wish to have shown on the records Of the minutes of this meeting; in view of the fact that the council passed this resolution, I do not feel that I have the right to use my official position | to prevent this resolution from going to the shareholders for their considera- tion and vote, therefore, I vote ives" However, this vote does not carry with it my approval. As a shareholder, am opposed to it on the ground that it is not in keeping with the object. intent and purpose of this association to invest in outside speculations. In my opinion, for this association with out any available funds to attempt at this inopportune time to finance and embark in the manufacture of cement on a large scale for outside purposes, is not only bad business policy but a hazardous venture, which, at least will establish a dangerous precedent as other public enterprises are also de- manding of this association to have their schemes financed. We have work of vital importance to the success and efficiency of this project that we can not enter into at this time for lack of funds. l believe that if there is ever another special assessment on the SHdI eIOiOerS, the IuOu6y SnOufO De used in betterments of the project. We must not lose sight of the fact that this is cooperative association and should be operated along lines of efficiency and pest service to it's shareholders ana not for revenue only.
 With all due respect to MT. Hackett who seems to be the spokesman anC leader of the Maricopa County High. way Commissioners, I regard him a: the modern Samson that is pullins down the pillars that support the su- perstructure of the Salt River Valley Water Users association and I hope that the shareholders on the day o. election will vote to cut his hair (Signed)
 HUGH c. GILBERT.
 The board of governors yesterday granted permission to the Inglesid, club to take water from the north sid, of the Arizona canal for the purpose O irrigating the ''fairways" of the clui golf course. This permission, it wa: explained. was based on similar per