Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1921-12-05
Peace Between ireland Britain More Remote Than Ever
BIG RANCAING
INTERESTS ARE
INCORPORATED

An industry Of considerable i'm
pUrtance to the welfare Of southern
Nevada has been strengthened by
the Incorporation of the Pacific Land
& Livestock company, an organiza-
tion composed of Arlemont and local
people, stock in which company is
now being offered to the public.
The principal holdings Of the cor
poration, which is organized under
the laws of Nevada, comprise the
ranching interests of John Chiato-
yich and his family, located in Fish
Lake valley There are 2280 acres
of decided lands in the property, as
well as 37OO acres held under op-
ton. A total of. 1000 acres is at
present under cultivation, and 1t is
the plan of the new incorporation
to develop a sufficient water power
to properly irrigate a large per
centage Of its own acreage, as well
as thousands of acres in the valley
for other owners,
The power development will affect
the waters of Chlatoyich, Davis and
Middle creeks, the sole power and
water rights to which are owned by
the company, According to the very
conservative estimates Of their en-
gineer, it will be possible to de-
velop 500 horsepower for the opera
tion of pumps in various parts OF
the valley, where water can be
found at comparatively shallow
depths
Yearly earnings of the company
in It's various pursuits are estimat-
ed at $144,OO0. The company vii
not only engage in the sale of power
but will handle immense herds o.
livestock and engage in farming II
no small scale
Incorporated with 100000 shares
of common stock at par value O
81 per share, and 100000 shares o
s per cent cumulative preferred
stock at a, par value of SO per share
it is the plan of the company to frs
dispose of $4,000 shares Of its pre-
ferred stock, all of which is In tht
treasury. with each share Of whicl
will be given as bonus one shar,
of the common, 10000 shares o
which is In the treasury.
From the income derived from tn
sale OF this initial block of stock tn
following plan of action will be car
ried out: The company to take u
its option on S71O acres of land il
Fish Lake valley; to put under cul
tivation an additional 1000 acres an
improve the 1000 acres now unde
cultivation, TO acquire title to a.
additional 5000 acres; to add TO it
breeding herds $50 cows and 200
sheep; to thoroughly establish tn
subterranean water possibilities o.
lands contiguous to their presen
holdings. The company has no ar
thority to sell or dispose of in an
way more than $4,000 shares OF it
preferred stock until 1t has com
piled with the above, or by sanctlo
of threefourths of the preferre
stock outstanding,
Present valuation of the proper
ties that have been incorporated
estimated at $555,0OO, which include
the lands, livestock and other i'm
provements. Judging from the char
acter OF the assets and thu officer
and directorate who will handle tn
affairs of the company a bright fu
ture is predicted for the compan.
The officers of the company are
Margaret Chiatovich, president; v
Marco Chiatovich, vice-presldent; n
w. Chiatovich, secretary; E v
Blair, treasurer; ]. NJ. ChlatovicI
, general manager. The directors {
the company are: J. NJ. Chiatoyicl
W. Marco Chiatovich, E. w. Blai
, c. NJ. Meginness, NJ. W. Chiatovic'
, c. L ChiatoYich and l, S. Thompso
=, the latter being also attorney Il
the corporation.
s ELks HOLD MEMORIAL