Show Bountiful May a Swap Water Wafer Stock Shares Bountiful may legally exchange exchange exchange ex ex- change water stock it owns in one irrigation company for forstock forstock stock in another company Councilman Paul PaulO 0 Huber told the city council This is the effect ef feel of an opinion by City Atty Rendell N N. Mabey 1 The he possibility of exchange is Ived with the pos possible pur- pur c c se sc c of two Bountiful Irrigation irrigation tion Hon companies Bountiful planned planned plan plan- ned to buy both but found it might not be able to make effective ef ef- effective use of the water in future fu fur ture years However Howe the Bountiful Bountiful Bountiful Boun Boun- Water District District District Dis Dis- is interested in utilizing the spring run off ore water and to help might buy one of the companies This would mean both would still be local locally own own- ed cd Jf II they are arc not purchased locally the Bureau of Reclamation Reclamation tion will buy them Since Bountiful now owns about 40 per cent of Barton Creek stock it wat though best to bu buy that company The city also owns considerable stock in Stone Creek which now will willbe willbe be 00 traded for Barton Creek lock clock j This will result in a con constock stock if the transaction is concluded concluded concluded con con- with the district Such a trade would re re- saving a saving ing for Cor Bountiful Councilman Huber said said |