Monte Vista journal and Monte Vista graphic-reporter., 1922-05-26

Of the board members at 100000 par
annum besides all other necessary expsns-
es and thereafter as much more - provid-
ed by law (This clause leavea the gate
open for some fine work in the next lesis-
lature for salary increases.)
Clause B in the same section says
1.-The office of the board shall be in the
city of Denver, date of meetings first
Monday Of each month, (some milase
rakeoff for those ginks over on the other
side of the range.)
Section provides for the construc-
ton of tunnel at an elevation of approx
mately nine thousand two hundred feet,
the eastern portal being near the head
waters Of South Boulder Creek. the west
ern portal being near the head waters Of
Frazer river.
Section 10 (a) provides for the pay
ment of said work as follows: The board
is hereby authorized to issue negotiable
bonds of the district to the extent Of
$6,72O.OOO to bear interest at the rate Of
six per cent, said bonds shall be due and
payable not less than ten, nor more than
fifty years from their date. Said bonds
shall be issued in the name of the district
signed by the president of the board, and
registered in the office of the Treasurer Of
the City and County Of Denver.
The powers of the board are abso-
lutely unlimited as to assessments special
assessments and valuations for and against
all property (real estate) in the district.
(All personal property seeming to be ex-
empt for the purposes named.)
Section Is provides that If there
should be any deficits of any kind in the
construction of said tunnel or in the oper-
alton thereof, the board has unlimited
power to levy special assessments to cover
such deficits. The law makes it obligatory
upon the treasurers of the different coun-
ties in the district to collect all monies due
and assessed by the board. Default in
payment of said special tax by any one In
the district creates a lien on said property
until the amount assessed by the board Is
paid. Said taxes can be paid with coupons
of "Moffat Tunnel Bonds"
Section 19 specifies that said tunnel
and equipment shall be owned by the
"Moffat Tunnel Improvement District"
Section "a provides that in the opin-
ion of the General Assembly an emergency
exists. therefore this Act shall take effect
and be In force from the date Of and after
its passage.
Undoubtedly - the law reads, the
counties mentioned as composing the dis
trict now have the undisputed ownership
of the "Moffat Tunnel white-elephant,
and we certainly hope that the results OF
their many years Of strenuous efforts will
give them full measure Of their expecta-
tions. The state At large Is happily out Of
it. Besides the Governors appointive
power of the board for the first year and
the power to fill vacancies on the board.
the only other mention Of state official
is that all official bonds Of the district
officers shall be on file in the office Of the
Secretary Of State.
Let US hope that what has already
cost the taxpayers Of the state large sums
of money and much sectional bitterness is
At last settled, and II NO railroad ever uses
the hole It will at least provide Charley
Leckenby and George Kimball convenient
route for their periodical foot-back hike
to Denver without being compelled to wet
their feet In the snow banks above timber
line on Jim Peak.