Show PIUTE RESERVOIR I PROJECT PRICED I AT State Stale Land Board Divided on Dale Date When Then Interest Should Start j j Representatives es of ot the tho Flute Reservoir Reser voir company compau and tho the state land board all of ot yesterday afternoon In going over o tho the audit of oC the books booles or of tho thu I project showing the tho cost of or work which t thas has Just been completed This was done dona in an endeavor to determine tho the price which the tho company is to pa pay for rot forthe tho the project The physical of ot the project was as determined at around anti and this figure has been practically practical agreed agree to b by both parties The contention contention con con- now is as to the date that tho the i interest on the purchase prIce should I begin Company Contention Tho The compan company maintains that the In Interest interest In in- j terest on Ott tho the purchase price of the reservoir res rca and canals of ot the tho entire system I 1 should begin In January Januar 1 1 1914 that being boIn boIng bo- bo In Ing tho the dato date of ot tho the completion of ot tho the project and they point to tho the old law L which fixed the dato date for tor interest to begin In when wizen the project was completed ed tho the law reading that tho the said Baid charges shall be bo determined with a a. aview aview view to Lo returning to the reservoir land I grant mt fund tho the cost of ot construction of oC the tho project with interest at tho the rate of 5 per por cent per annum computed from the dato date of or completion of ot tho the project The Tho land board contends that tho the In Interest In- In tc terest rest rate should begin January I 1 1910 1940 Tho The law which was enacted by bytho bytho bytho tho special 1 session last October was ivas for tor tho the purpose of or clarifying tho the situ situ- regarding the tho Pluto Plute project soth so sotha th tha tita tits sale by b- tho the land board might ht bo be consummated This law gives gl tho the board power to fix tho dates datos from which interest shall begin in on the cost of tho the system or an any part thereof It would appear that tho the question Is settled by statute but tho the board la Is on the tho matter The Tho financial difference between th board and tho the company contentions is about Dan 15 13 Shields stats state a attorney general was called In b by the board late in the thc afternoon and tim tho matter was discussed at nt length A conclusion will no doubt bo be reached this morning The Pluto Plute Reservoir company compan- i In III represented represented represented rep rep- resented h by R. R D 1 Young and N N. J. J Bates of or Richfield j |