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<br /> <br />. . -x <br /> <br />~ <br /> <br /> <br />"Grand Junotion, Colorad. <br />September 6. 1941 <br /> <br />At a speoial meeting of the Colorado Water Conservation .Board held <br />in Denver, Colorado. Jaly 23, 1941, the Board after deliberation on the <br />question of state policy in respeot to the expenditure of funds to be <br />made available from the Colorado River Development Fund, authorized by <br />the Boulder Canyon Projeot Adjustment Aot, requested its DiIeotor. <br />Clifford H. Stone, with the aid of the Board members from W stern Colo- <br />rado and such other persons as he might ohoose. to formulat~ a polioy <br />as to the division of the fund between the four states of. the Upper <br />Division, the oharaoter and size of the projeots and the terms of re- <br />payment, all to be reported to the Board at a future meeting. <br /> <br />Following suoh request. Mr. Stone oalled a lIleeting at Grand Junotion. <br />.Colorado, September 6, 1941. to whioh he invited the following representa- <br />tives of Western Colorado neighborhoods, who all attended, <br /> <br />Frank Delaney, Glenwood Springs <br />Dan H. Hughes, Montrose <br />Hon. John B. O'Rourke, Durango <br />George A. Pughe, Craig <br />Clifford H. Stone. Denver <br /> <br />Hume S. White, Eagle <br />E. L. Duthoer, Gunnison <br />Wllli8.ln Finnigan, Leonard <br />Silmon Smith, Grand Junotion <br />Frank C. Merriell, Grand Junetion <br /> <br />The meeting was opened at 10,00 o'olook A.M., in the La Court <br />Hotel, by Judge Stone, who aoted as Chairman while F. C. Merriell <br />aoted as Seoretary. Judge Stone made a brief but oomprehensive state- <br />~ ment of the history and purposes of the Boulder Canyon Projeot Ad- <br />justment Act. He stated that. under the terms of the Aot it had been <br />agreed that the rates to be oharged the agenoies purohasing eleotrioal <br />energy from Boulder Dam would be reduoed from those first set up in <br />the oontracts signed with the Seoretary of Interior prior to the <br />oonstruotion of Boulder Dam. In oonsideration of suoh reduotions in <br />rates the power purohasers hid agreed that payments of $300,000 a <br />year eaoh would be lnade from revenues for energy to the states of <br />AriZona !U:ld Nevada. in lieu of taxes, and a payment of $500.000 an- <br />nually would be made frQm such revenues to ~e Colorado River Develop- <br />ment fund, all for the life of the contraots for suoh energy expiring <br />in 1987. <br /> <br />Judge Stone then read Seotions 2 (d) and 3 of the Project <br />Adjlolstment Act, and called attention to the fact that it is further <br />provided that payments to the Colorado River Development Fund for the <br />years 1938, 1939 and 1940, or at otal of $1,500,000 is set aside for <br />the use of the Seoretary of Interior in oompleting the basin-wide <br />investigation started by the Bureau of Reolamation; that, thereafter. <br />through 1955 the annual payment to the fund is expressly reserved for <br />construction or investigation in the four states of the Upper Division; <br />and that during the rest of the life of the contracts or until 1987 <br />the said payment is to be divided among all the states of the Colovado <br />Ri ver Basin. <br /> <br />Attention was oalled to the wording of Seotion 2 (d) to show that <br />while projects for construction must be suoh as the Seoretary of <br />Interior finds to be physioally feasible, eoonomically justified and <br />consistent with the formulation of a oomprehensiTe plan (for the whole <br />