Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-09-08
BONDS GIVEN
MAJORITY OF
BUT42VOTES
American Company Ir-
rigation Works To
Be Purchased With
Part Of $3,500,0OO

MERCEDES. Sept. by a bare
margin OF AZ votes. farmers OF the
Hidalgo and Cameron Counties
Water Control and improvement
District No. 8 In q special election
Saturday, voted I'd issue S3.500.000
worth of bonds and thereby en-
dorsed the plan to purchase the ir-
rigation system now the property Of
the American Rio Grande Land and
Irrigation company.
The vote was So heavy 10 included
almost every voter i'm the district, Ii
was estimated Saturday night. Two
of the three polling boxes returned a.
majority against the bonds but the
majority iQ favor OF the proposal at
the third box was sufficiently large
TO overcome this opposition.
South Palm Garden voted 338 for
the bonds and 242 against. Hills
Corner returned a vote OF 40 for the
bonds and ia against. Bixhy, the
Cameron county box. voted for the
bonds and FL against. Totals were
4l9 for and SIT against the bonds.
Richcreek Pleased
r. o. Richcreek, puresident OF the
district. expressed qualification over
the result OF the election and was
pleased at the heavy vote cast as 'it
gave a complete expression OF the
desires Of the farmers living IN the
district"
He said the bonds would be is
sued and the purchase or the dis
trict would he completed aS rapidly
as possible III keeping with good bus
mess methods.
A total OF S2,40O.OO0 cash Is 70 be
paid the American Rio Grande Land
and Irrigation compare for the irri-
CATION system which now serves ap-
proximately 100000 acres Of rich
truck and citrus fruit producing
lands.
The actual property 60 be pur-
chased BY the farmers Is 4807.47
acres of land, including the canals.
pumping plant and other equipment
Of the district.
Company to Take Bonds
Under the terms OF the purchase
contract signed by directors OF the
district and Harry ill., Seay. presi-
dent Of the company. It Is agreed
that the company will accept the
bonds Of the district at a bid OF 95
cents In payment for the property.
However, the district is given the
right to advertise for bids and sell
the bonds to the highest bidder.
In the event a better price than
% cents can be obtained the dis
trict will be permitted TO make the
sale and pay the company In cash.
Richcreek said the district had hopes
OF receiving par for the securities.
Under the contract. transfer OK the
property can be made as early as
Sept. 30. but the company agrees 10
continue operation OF the system un-
TIL the end or the year or longer f
necessary, in order TO give the dis
trict sufficient tirne 10 issue and sell
the bonds to the best advantage.
Closes Long Struggle
The election brings to a close ne
gotiations which have continued for
over two years between owners OF
the system and farmers receiving
water from 1t. It also marks the
passing OF the last large system in
the Valley from private To public
ownership
There was bitter opposition 90
purchase or the district at the
price named In The contract. This
price was arrived at by q board ct
disintereSted engineers cf the VAL
ley who we're called IN as an arbl-
tration board after officers OF tina
company and the district had failed
to agree on the price 10 he paid
The remainder or the bends voted
In the election are TO he used for re-
pairs end Improvements 70 the dis
trfct