Show f y LAKE 1 iSALT AND ail f STATE NEWS i BIG RESERVOIR IS NOW ASSURED J l S It Lake City July IThe 1 Th moner mane I I IOU to finance the Weber Teber Ro Res RoI J r ir Pow Power r and Irrigation amounting to lo Is as S Sred j red and President J H Grout GrauL of 3 I avis stake J M Barnes BarnOS Heber J t sJ i t and others who are I r ted with then them In organizing the tho pro i I are now arranging details prelim I to forming an Irrigation distrIct to io the Jaws enacted Iw by the i last ast legislature This news WM was given ien lit pt today Iw by Mr Grant after a arl rl meeting In this city with a al aI I of other men who are arc also I ving Ing In the matter maller he project Js Is to build a big bib resor I 1 l Ir on the tho upper high enough i cover coer between and c es ot of arid and semiarid lands int In t Reber Davis Morgan and Summit I It will Include all such lands n r lying het between the Hot Springs north i t of r Ogden Ogdon and the Hot Springs about four miles north of Salt Lake A 1 great deal of oC tills this land and saId Mr Grant today tOllay Is as good as that found an any anywhere where and all it needs I Is the water and we to the it itIn l expect get water on I In 1911 From the reservoir on the tho upper t r S rober s ober It to LA construct ca caI I n als on the no anti sou G Gt h side o othe of t the Weber r river which r shall lie be I feet above aboe the Ule river rier nt at the mouth of I the canyon I to this altitude sur 1 reys have hac that about 50 O II acres of oC land which Is now almost L I useless for crops may mar bo be successfully Irrigated The scheme heme Is a big one and has occupied the attention or of Davis county count I i f people and others for several severa years ho he laws enacted by br t tie e last legisla i I J uro urn enable the to form what t I I pro arc called irrigation districts and by byi i r weans of this law It Is now possible make the completion o of the project I A meeting of about prominent S cItizens s of Davis Dals county count was held a afew afew few days ago ht at which thoro thero was not l n a dissenting voice on the proposition It was decided cd to go ahead with the I r project and the committee was given every cen encouragement The Thc next step k required by b law i is s to le a petition with tile the county em I the largest acreage swUng that mat it Is the tho purpose of the petitioners to organise an liTigation district Tho ThoI They then order an election to decide I whether such a distrIct shall be or and to elect wee three directors t I Into whose hands will be placed the power powel to make mako all for forthe the tho completion of oC the work They Ther wIll wIllbo ho bo responsible for the UlO expenditure o of all funds and it will be their duty to call an election to vote on oa the question of IssuIng bonds covering the Ule cost of the project T The e land owners will vote Coto according t to the of acres the they have hao which are arc to be bc benefited b by the thc canal All owners of such land will have hae one vote oto for or each acre acro The preliminary steps In tine fue forma fonna formation tion of the company are arc expected to take lake about tour m months to compote complete but In the tho meantime surveys will be completed under the dir direction tion of Engineer En Engineer Willard Young A great deal of oC this work has bas already been done and estimates havo hae been gone over oer thoroughly thorough 1 as aa to the cost Chicago capitalists ha have e been here bore and after aCter looking over the proposition tho have hao no now guaranteed that the tho mone money needed will be on hand when wanted All that remains to be dOlO dOlOIs Is to organize the company as re required b by the tho act which also provides that the Interest on only at 6 per cent per annum shall be paid during the first ten years On the eleventh year oal payment of the principal will begin no noless noless less than 5 per cent of the principal being paid that year On the twelfth year no less then G 6 per cent of the tho prIncipal Is to be paid and so on an each year raar until the twentieth year from Crom the completion o of the pro project joeL when the total cost will have been paid and the reservoir and ca canals canals nals will belong elong to tine people It is also required red that the total cost shall not bo be moro more than 15 per r acre |