Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1919-05-31
IRRIGATION NEWS

Other papers and other people be-
sides those of Lyon County are in
terested in irrigation and the Dis
trict question We quote question
from the Nevada Home Builder of
April 18th. 1t is critical in the
sense of pointing out difficulty that
is likely to arise under the law, in
the matter of selling bonds. But
while the situation it outlines might
or may arise in other parts OF the
state, it isnot likely to interfere with
the selling of the bonds OF the
Walker River Irrigation District.
This for two reasons; first, the two
banks are represented on the Board
of Directors and they control suffic-
lent funds to handle the initial unit
of the works and second, our own
people have enough on deposit to
take all of the bonds without going
outside OF the District. They know
enough Of the possible value OF the
raw land not to worry about Sc
curity, and besides. if they buy the
bonds themselves they will not need
to feel that they are enriching some
one else. Between the banks and the
people it ought to be possible to
float an issue of any necessary a
mount. even up to million dollars,
without depending upon outside
purchasers to the value of single
bond
The following is the article
Copies of the Nevada Irrigation
District Act have been printed for
circulation and can be secured by
sending to Carson City state officials
and every land owner or contem-
plat ed owner or settler whose landd>
maybe within any proposed irrigation
district should secure copy and
study it.
Four paragraphs in the seventy
| sections the act is divided into are
particularly interesting to any con
templating investor in bonds of di:
trict and to any one having un
irrigated lands.
"Sestion IL. Whenever the elector:
shall have authorized an issue O
bonds. as herein before provided, thu
board of directors shall examine eacl
tract or legal subdivision of land il
the district. and shall determine th'
benefits which accrue to each o
lsuch tracts OF subdivisions from tn
construction or purchase OF tn
works proposed for the district. an'
the cost of such works shall be ap
portionedl or distributed over sucl
tracts or subdivisions of land in pro
portion to such benefits. when
ever therefore an assessment is made
either in lieu of bonds, or an annua
assessment for raising the interes
on bonds. or any portion of the prin
cipa1. or the expenses oil maintaining
the property of the district, or an.
special assessment voted by tn
electors it shall be spread upon tn
lands in the same proportion as th
of benefits shall equal the amount o
bonds or other obligations author
izeti at the election last above men
toned
Sec. 30" + The assessment
when levied and enrolled shall becom
due and delinquent at the same TIM
and be subject to the same penaltie
and shall be collected by the sam'
officers and in the same manner a
state and county taxes"
"Sec. 80. Assessments, toll:
and charges may be collected in ad
vance. and the assessments aforesaid
and such tolls and charges may bt
based upon an estimate OF the op
GRAFTON and maintenance revenue re
quired for the current or ensuing
year,to be adjusted as near as may
be from year to year. Water service
NAV be refused and water delivery
NAV be shut off whenever there i.
default in the payment of operation
and maintenance, but all other lega
remedies shall also be available for
the enforcement of the debt
Section II places almost the entire
burden of construction and mainten-
ance upon the raw. uncultivated lands
| ior the reason that the uncultivated
lands are already supplied with an
irrigation system and water rights
nearly, if not entirely satisfactory,
and any benefits that may be derived
| from new system would be very
small. For illustration: y delivery
system furnishing water for the raw
land would be worth the same as
the system owned by the cultivated
land owners. of perhaps S 100 per
acre \ storage system, guaranteeing
water every season. would be worth
about $50 an acre more. Then
the benefits to the cultivated land
would be worth $50 and the raw land
Sl20 an acre.
Now what happens to the investor
in bonds OF the district:
80