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Show 1 WITH ONE EXCEPTIOI H Ok B STORMY SE88ION FOLLOWS AC-lgotton prior to tho installation A CU8ATION8 OF STOCKHOLDER this work. jjj H COMPANY'S INDEBTEDNESS Bl on I QUESTION. d' H In tho faco ot strong oppoaltli It, H from ono faction of tho Lehl Ir " H gatlon company stockholders and H cusations of trying to cover up matto tho cntiro board of tho company w re-cloctcd at tho stockholders mc H lug Ioll(lny afternoon with the c H coption of ono member and ho el H cllnod to run. Tho ollicers ro-olecti H aro: 1). O. Webb,, Jonns Holdswort H O. 0. Webb and Q. Y. Myers. Tl H new mombor is Jamos Clark, si H cccdlng Peter Schow who declined H servo owing to his falling hearing ni H health. B. G. Webb was chosi H president of tho board again win H tlio mombers mot following tho gc H eral meeting. H Tho meeting was called to ord H by President B. O. Webb and Immei H ately a roport of tho company H llnanclal condition was read by sect H tary John F. , Cutler Ho roport H thcro woro now C.G50 sharos of 0 H Water and 5,219 shares of now wat H in tho company. On tho now wat they owed $49,347.02 and on tho c thcro was an Indebtedness of $4,441. making a total Indebtedness ot $5 78S.1C. Against tho now water do thero aro many who havo not pa 3 their assessment this year and In year. Tho old water debt is most for tho balance on tho weir in t! I mouth of American Fork canyon wl M some deficit in oporatlng expenses f tho past two years. I With tho announcement that tl $9 I company was bo heavily in dol : : I Ilober Harrison inado some accusatlor : I that tho board had boon covorln : I things up, slnco last year they had r : I ported that tho old stock was pra I tlcally frco from debt. lie cited stat , inonts of board mombors Schow an I Holdsworth to provo his contcntloi : ' I Thoso statements woro instantly r fd futcd by Pres. Webb and Mossr A Holdsworth and Schow woro called u I on to oxplaln tho matter. They ga I tho samo explanations as tho pros dent and socretary, which was that i I last year's mooting tho former 3ecr I tary had not included tho wofr note on his roport and it was not unt I tho audit tho past year that thoy wci H put on tho books. H Tlieso explanations cleared up tl Hj differences In tho two reports ar I ,woro Instantly received by tho majc V H lty of tho stockholders. H Following flils discussion which b H came rather heated at times tl H election was had with tho abovo i ;' H Following tho election it was su : H gested thnt n special tax bo levied H cloar up tho debt on tho old wat Hj but on discussing this It was dote mined this would bo too much of burden at this tlmo and a moth Hj was carrlod that It bo tho senso H tho meeting that tho board clear i tho dobt as quickly as possibla 1 Increasing tho assessment. Tho woir .camo in for discussion ai H It was pointed out that Lohl Is nc getting her full sharo ot water nft July 1st each year which was nev IQ 0 Big Companies Believe T A J ! |