The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1923-04-06
IRRIGATION BONDS
WIN W|THA WHooP
Land Owners Go On Record With
Only a Single ObjectOr In 22S
Votes POlled.

West Okanogan Valley Irrigation dis
trict voted upon a proposition sub
mited by the directors for tne rebond-
ing of the district. 1t was one of the
most important questions pertaining
to the interests Of the district that has
ever been submitted to the land own
ers and as result a very full vote
was cast. And from the result it was
evident that all the land owners were
of one mind solely and excepting a
single individual. who must feel pret-
ty lonely.
Originally the district was bonded
for $544,000. Those bonds were held
by the beneficiaries of the late James
Hill. under his will. Tie holders were
anxious to have those bonds taken up
and made the district an attractive
proposition. At the same time 1t was
patent to every member of the board
Of directors, and for that matter every
intelligent individual holding and un-
der the system, that more funds were
necessary to improve and perfect the
system. Under these circumstances
bond buying houses to place an issue
of irrigation bonds to the amount of
| 100000 and 50 successful were the
negotiations carried out that the board
secured tne amount required on at
tractive terms, the bonds coming to
maturity at long periods and in sums
making it comparatively easy to meet
While empowered by the land own
ers who eventually pay the debt to
issue bonds to the amount of 100000
the board will sell only $3.50, 900 of the
issue at this time, leaving substan-
| tial balance to fall back upon If con-
tingencies should arise demanding a
large sum Of money, and If not so
needed the bonded Indebtedness would
| be reduced just that amount which Is
| mighty good business Judgment.
The call for the election stated that
there would be "subMitted to the
qualified electors of 'ssSasa district the
question whether or not the serial
bonds of said district in the amount
| Of 5000. 900. and for the maturities and
F! for the purposes determined by the
board of directors of said district,
shall be issued. The said board OF d.
rectors has estimated and by resolu-
Ition has determined that it is neces-
Isary and expedient and for the best
Interests of the district, to issue ser
ial bonds of the district in the above
lamount." Upon this clear cut PROPOSE
ltion the electors of the district, which
lembraces every land holder, express
ed themselves at the polls Saturday
with the following result:
Precinct No. /, Oroville, yes 95; nc
none.
Precinct No. 2, Ellisforde, yes 20;
no. one.
Precinct No. 3, Tonasket, yes 112i
No, none.
This is about unanimous and shows
THAT those directly interested are sat
listed that the board Of directors o
the district acted wisely and to tn
best interest of hte district in nego
tiating and perfecting this loan.
This unanimity Of action lifts
, great load from the minds of tai
, board of directors of the West Oka
hogan Valley irrigation district and |
, payes the way for making tnis on
I of the most perfect and permanen
Irrigation districts in the state. Tn
} district was bonded for too small
sum originally and the directors nav
:, Dbeen sorely handicapped in meetin
I the natural and inevitable costs or up
g keep. with no chance whatever OF ere
!. ating a sinking fund to meet interes
Y and the redemption of the bonds whe
, | they became due. Much of the respon
3 sibility of conducting the affairs c
{ the district has rested upon the shoul
g ders of the efficient secretary, MI
e Ernest Riste, and at times he has bee
Y so harrassed as to almost become dis
7 couraged. The future of the distri'
e looked somewhat dark and dubiou
). for It was a new enterprise and thos
holding and living upon the Ian
planting orchards from which the
= eventually must expect their source
y income. were under heavy maintel
ance costs and the only means or r.
turn for their efforts must be throue
hay. vegetables or small fruits Whl
e waiting for trees to come to maturit
e, The prospects were anything D
ii bright and reassuring, as in the dis
'e ance those bonds had 70 be met, Il
lie interest paid in the meantime and t.
system maintained in such mann
10 that water could be insured, for wit
,t out water the land was without valt
ID Rebonding in much larger sum,
n longer time, with bonds issued In sc
IN ial numbers, falling due at regular
tervals. and that so far subsequent
issue to insure payments prompt
er was the only solution to the probe
a That has been accomplished and
Oh future prosperity and success OF t
VI district assured.
TIE sum for which the district b
" been bonded is not excessive and the
should he no difficulty experienced
Id meeting every payment as the bon
d. reach maturity. Moreover, after I
ay old bonds are taken up and cancell
FL there Is a residue remaining that
"a sures the completion Of the work
d. hand of making the system substa
tially permanent Nature has prov