OCR Text |
Show IririlCATION LOAN Ahc UdiiUtU UPUrt The Etata board of examiners met together to-gether with the state land commissioners commission-ers Saturday and decided to matte loans to irrigation districts in an amount not exceeding $od,udU. At present Lie applications ap-plications before tne uoard ot laud co.u-missio.iers co.u-missio.iers for loans totals $56U,uoo. Tne ooard of examiners and tne ooard of land commissioners devised strict rnles to govern tne making ol loans. Tne funds must be safely nivcsieu in locating irrigation ditcnea aim in actual reclaiming 01 loiiu. it was aeciJca mat they wouid nave none of the maKiug of lo-n to' Companies Com-panies the main object of wmcn is exploitation ex-ploitation and speculation. The Doiius are to be issued by responsible re-sponsible parlies to cover the amount loaned, ano niu.. Sell for 95 per cent of t.ieir lace Vuije on tuc open mantel, A Vciy close inSf.ed.iuii 01 various uis-trieU uis-trieU wiii ue mode, to ascertain u ..e project is legitimate and sund and oifeis sufficient nuarantee, and mCii'ity must be given tne state to asauie l. that there is no loss uossiole in tne investment. in-vestment. It is ..nought tnai, strict requirements saon as tnese will yos-sioiy yos-sioiy cut down the loans to a small lini.t. |