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Domestic News
February 14, 1891
Iron County News
Cedar City, Iron County, Utah
What is this article about?
Field owners in Cedar incorporate the Coal Creek Reservoir and Irrigation Company with $100,000 capital to manage water rights and avoid litigation.
Clipping
OCR Quality
95%
Excellent
Full Text
INCORPORATING.
$100,000 Is The Capital Named.
The field owners of Cedar have been holding several meetings lately in the interest of their water rights, and in order to avoid unnecessary litigation and hard feelings which frequently grow out of an unsettled question, have concluded to incorporate under the name of the Coal Creek Reservoir and Irrigation company, with a capital stock of $100,000 divided into 10,000 shares at the par value of $1.00 each. The existence of the corporation is fifty years.
All rights to the use of the waters of Coal Creek and acknowledged by a majority of the water owners and the water commissioners, shall be received as capital stock in the company at the following rates, Primary 25 per acre of water rights, including all ditches, flumes, dams head gates etc., belonging to the several rights of water turned into the company, and shall be so credited to each subscriber to the articles.
$100,000 Is The Capital Named.
The field owners of Cedar have been holding several meetings lately in the interest of their water rights, and in order to avoid unnecessary litigation and hard feelings which frequently grow out of an unsettled question, have concluded to incorporate under the name of the Coal Creek Reservoir and Irrigation company, with a capital stock of $100,000 divided into 10,000 shares at the par value of $1.00 each. The existence of the corporation is fifty years.
All rights to the use of the waters of Coal Creek and acknowledged by a majority of the water owners and the water commissioners, shall be received as capital stock in the company at the following rates, Primary 25 per acre of water rights, including all ditches, flumes, dams head gates etc., belonging to the several rights of water turned into the company, and shall be so credited to each subscriber to the articles.
What sub-type of article is it?
Agriculture
Infrastructure
What keywords are associated?
Coal Creek Reservoir
Irrigation Company
Water Rights
Incorporation
Cedar Fields
Where did it happen?
Cedar
Domestic News Details
Primary Location
Cedar
Outcome
incorporation with $100,000 capital stock; water rights valued at $25 per acre credited as shares.
Event Details
Field owners of Cedar meet to incorporate the Coal Creek Reservoir and Irrigation Company to settle water rights disputes, with capital stock of $100,000 in 10,000 shares of $1 each, lasting 50 years. Water rights from Coal Creek, acknowledged by majority owners and commissioners, accepted as stock at $25 per acre, including associated infrastructure.