Show recommendations Reco inal a I 1 ons of bondholders committee otter 11 Is 11 rian of rev reef for price e water 1 y district A committee fteres conjor ajor j ity 0 of the bondholder of the kier wat ivator district distri el submitted hat seems to bu 0 a most generous Kene roue PIA I 1 of relief at meeting meetings monday and tuesday of the boan board 0 of f dirleton dir reton and water cier users of the district the cammi atee has made a irvey of conditions ii JA thi district aal abel their r plan piss includes relief to sundowners Un downers of this section te cllon 0 W Rober robertie tse of tle the canal bonk and ua trust company of new the spokesman for or the tylea picas wae was committie 11 II II 11 of the J 11 araj ingen and company of chica chita go pj III also igo attended the MOWS n the tile plan lic ludes the fol following lowin items fixing filing the cost of an aero acre foot of water where it WM was when the worth of lon bonis were voted that ii is fit at per acre P so that ry land owner may mill know the limit of hit his liability T and can aj time bis his hare share of th the out it at city bond removing the lien lea fron f rom ahli t aw bov allne th be din desire res bond dond holder holders tre io absorb the lou ion resulting from tin acre feet cut oft off the taj tax roll tolls by the dit triet board in 1926 and 1927 1027 present bond issue of six 1 per rent tent bond bonds to at 5 per cent tent a present crul serial olata antici of in 1935 to to be placed replaced bj by new tone lone of bondi boudi run nig bing SO 0 Y jaari art ah aau 1 M payable able from a sinking fazl fix tx tax levy for neit next twenty years af as fol follow loss per we foot toot for firt fint five aycart s IW 1 for secona f fite lye y year ears nd ad si is bior or aist ten year years apply taxes rill ted a follows to interest ox 01 new bond bona to general fard anil and ts balance to the estaing fond funa apply sink jad fwd as follows to payment of cu oil 6 per jr cent tent coupons and to retire lew S 5 bond all of abort above recommendations recommend are to be te made bahlert tj the following conditions thit that bejna be to found for the desired results and that the several canal companies compani ei give the district dietr lct a right of way for reservoir metr and tb the 0 supervision or of trough their canals for the life of the bonds mr mn robertson bertson Bo explained that the W whole hole reorganization proy prop am do upon a definite and ana perman ent nt plan of delivering deU vrin water through the to the on a fair and stud impartial busis he that hii his committee could make mate no for a feorg reorganization au U 11 the of deH vering reservoir gatei wi wit left in its pres prel erl cc eo co altion subject to future brilty of I 1 contention and litigation morp corp prosperous circumstances for the fann farm element ill all of which will be reflect reflected ea in other lines of bosi bust less is seen if tanty and di trici atre w gim support by the T various arious ivic elvie organizations the tho plan a as set forth will be recommend ed but its final adoption depe depends ends upon the entire bondholders corn com ull ollitee itee |