OCR Text |
Show 3. bank of the Colorado Hirer; maps and drawings of the Irrigation system; engineering equipment; a dredger, tools. and Implements; 16 head of mulles; real estate In the Palo Verde Valley valued at $4,700; and $13*673.56 due on stock sub- scriptions. The total valuation of the resources of the company, figured on the cost of constructing the canal system, the purchase of rights-of-way, water rights, real estate, etc., amounts to $787,621.0s. The liabilities of the company consist of a $90,000.00 mortgage, bearing 7% interest, payable in five annual payments of #18,000, given to the Palo Verde Land and Water Company on November 19, 1913, to secure a loan; a note of #11,000 held by the First National Bank of Oxnard, Calif., for moneys loaned to pay current bills during the time money due the company on its tenth assessment was being collected; a note of $3*520 glren to V. J. Burton in payment for construction work; and $33695,00 due the Palo Verde Land and liter Company as a deferred payment. In connection with this subject, attention Is directed to a copy of the trial balance of the Palo Verde Mutual water Company, taken September 1, 191^3 which Is attached to this report and marked "tthlbit A". The following statement of the company's resources 1 and liabilities has been complied from this trial balance: |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |