OCR Text |
Show I am informed that there will be required from each mutual water company two quitclaim deeds and a bill of sale, the bills of sale being for the purpose of conveying title to the personal property and equipment which formerly belonged to each mutual water company. The $5,000,000 received from the sale of the bonds was for the purpose of reimbursing each mutual water company for the number of shares of water stock which had actually been issued and located upon lands within the Imperial Irrigation District, at the rate of $10.00 per share for water stock issued. The aggregate amount to be returned to the mutual water companies for the water stock issued is $4,465,250.00, the same amount to be distributed by the mutual water companies to the individuals who had actually purchased water stock. The remainder of the $5,000,000, being $534,750.00, is for the purchase of the personal property and equipment owned by the various mutual water companies. Since November 1, 1922, no water stock has been sold and in the future water stock will not be required. The Secretary of the Imperial Irrigation District advises me that in order to procure water, the land must be within the boundaries of the district, and where ditches have already been constructed so that water can be delivered to the land water will be delivered upon request of the entryman or land owner in sufficient quantities for profitable reclamation. It has always been understood that four acre-feet was the maximum amount of water that would be delivered during any one season. In that portion of the district where distributing canals have not yet been constructed, no provisions will be made during the present calendar year to deliver water. The Secretary says that if any land owner holding land within the |
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] : |