Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1919-03-22
THE YER1NGToN TIMES. YERINGToN, NEVADA

cess OF THE AMOUNT DELIVERED FOR THE MINIMUM
CHARGE such other reasonable means OF liking ana
operation and maintenance charges as the Ooaiu u
may adopt.
Board to give notice and objections to the apporonme
OF benefits objector satisfied he can appear 70 inc
District Court. =,
Board shall file in Clerks office petition Tor the approval
and confirmation OF its by the District Court .
any district cannot be solo, or II
any time shall be deemed for the best interests OF The
withdraw from sale all portion OF an autho%eo o
issue, the board of directors may, its discretion cancer e Same
and levy in the OF the bonds caneehe
Ninth The provision for OF deficiency without d
when bonds issued sufficient places the land holder
position where he has protection and weakens or ess
bondhode security The provision the credit OF the district
the very except sharks hope to take the lands
from the present
Tenth comparatively large assessment must be placed on
the lands and unless history ITSELF is likely to lead
their abandonment 1t has happened in other districts and its
likelihood proved by the big project state But
in this happens who will pay the deficiency There only
possible the must be reade in order to
lay heavier burden the older lands.
Eleventh: There is redress possibility OF rghting any
through the expensive OF the IN this
is far inferior ordinary corporation where stock
holder controls the management extent and can at least
hope for fair exercise OF the power which his fellow stockholders
possess
Twelfth The owner without any rights any protection
20 go blind in almost everything He knows the OF
the bond issue before he but he knows nothing OF its su
does know what his benefits
assessments that be made and upon the
Board OF Directors except that they levy thar
cent OF the u amount each they lit they cancel
the bonds after they voted and the money
Thirteenth; The system destroys the rights priority
Inc directors to provide the rules and regulations dis
trbuon and OF the right to shut il off if
assessments tolls and charges paid
water user has redress
Fourteenth; The system been successful elsewhere
Kinney Vol B. Sec 1918 Taking consideration that
ri
right Law and shortly after its passage similar
laws passed by the legislatures states the net result
OF the operation OF these laws wholly to the good
The beneficial results of the operation OF private corporations
throughout these including where were made in con-
necon with the Carey Act have under the irr
cation district acts
The reason for these failures that were MANY o
uctions and much litigation Anyone can see from even the
bret have been able give that the law under dis
cussion is have the same history
FIFTEENTH This is about the time that imagined
10 contract large debt long time Money cheap prices are
high both for labor and materials The enterprise will cost at least
y per cent more than when prices get back to their normal
level Farm products will go back their first and the
water users will have to or their high priced system out OF an
income low basis which that the works vii; ba 20
be paid for twice at least
Again. this is the kind of time the brver ~ bo,d ::
Tor II he can lind any foolish enough them He would
reason IKE thls Here is snap get let us saw sOOOO
worth OF hens property worth least two million Prices ~
hgh and the money will lar get the interest on NV
money and bye and bye when prices back to normal can I
ot OF the property for not than OF what the fur
say 1t is worth AT least back an amount ~ ro ~
o twice as much as the amount lend the time ;s lent
'ee"h' Inc law was made to apply to new country
where there water provided purchased from the o
ana no such thing as priority exists there are no old
'"oer cultivation and the works. except small bitches Law,
ready been constructed nave d.
IN CONCLUSION there a few words OF caution 70 he da
' only contention that this law suitable to such LARGO
project and it will work as successfully as i 70 10 -
s''eo ana the reasons have been given There are fines
pest TO make haste slowly With proper consideration d
"aon ought to be possible to- remedy every defect in tho I
o' very great advantages does secure bu is
always next to impossible amend law after robt =
""oer IT, And It is always impossible to provide for s4a,
municipal corporation that will have the adaptabIv AMI
OF private corporation. Make the same men as tho ~?