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<br />MR. SPARKS: <br />do that. <br /> <br />I think it would be acres - the cost per acre, and we can <br />, , <br /> <br />I <br /> <br />MR. JACKSON: If you use only acres though, Larry, I can see us evalu- <br />ating two separate projects where we had a hundred hundred-acre farnis, <br />which maybe isn't even realistic any more. But if we had ten people <br />with a thousand acres a~piece ~hat we put in a project for them, it ' <br />would not look good. We would have to have some fairly high justifica- <br />tion. <br /> <br />MR. SPARKS: <br />give us the <br />acres. <br /> <br />Most of these acreages are fairly small. Mr. White could <br />probable average, I don't know. Probably a couple hundred <br /> <br />I <br /> <br />MR. WHITE: You're getting down to the technicalities right now, because <br />these acreages a;oe changing so fast that it's awful hard to keep up <br />with. TherE!! is a lot of housing going in there in the area. Some of <br />the farms are getting bigger, and some of them are being cut up into <br />five or ten-acre housing plots. I don't know how to answer your <br />question, -to', telL::the', truth. <br /> <br />I'll just turn it over to Ray here and let him se~ if he can answer it. <br /> <br />MR. SCHUSTER: The farms over a hundred and sixty acres, from a hundred <br />sixty-one to two hundred and forty acres, are six farms. From two <br />hundred and forty-one acres to three hundred and twenty acres, there is <br />five farms. From three hundred and twenty-one acres to four hundred <br />and eighty acres, there is five farms. And the rest are all less thilO <br />a hundred and sixty of the total membership. <br /> <br />MR. SPARKS: We do have all of this basic information in the project <br />reports. We simply haven't broken it out on these summaries because <br />of the mass of details. But we have all of these figures available to <br />compute any of these factors in the complet~d project repo~t. <br /> <br />MR. ROBBINS: Is Overland a. mutual company? <br /> <br />MR. SCHUSTER: It's owned by stockholders, yes. <br /> <br />MR. ROBBINS: Is the stock readily transferable? <br /> <br />MR. SCHUSTER: It's normally transferred with the land, because the <br />land is worthless w~thout'the water. <br /> <br />MR. ROBBINS: Is it tied to the land? <br /> <br />MR. SCHUSTER: No, just normally done. Not tied to the land. <br /> <br />MR. ROBBINS: Have any of the shares,;6f the Overland Company been <br />bought by energy companies? ' <br /> <br />MR. SCHUSTER: No. They are all owned by farms, except the shares <br />owned by the town of Hotchkiss. <br /> <br />-35- <br />