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<br />, ,.::,\:,:;' ~~T:,:;O~R~";~ ~T.f~5WA"ER USERS ASSOCUTION' , ,',' '. ';,
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<br />:>:';;~;Y:;\':"'l. Under the provisions ot Section 160, Chapter 41, C.S.A. 1935, v.t:1ch
<br />, ,': ..' ..;.. is a requirement ot the United StateD which hnsbeen enacted into stnte lllVt,
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<br />,. :-" ',!' ',< ,tho Articles ot Incorporation, the repayment contract between the l;llter users
<br />", ,';,(: 81lsocintion nnd the United States, and the By-Laws a9 quoted herein, have all
<br />','<' ",,::: been introduced in the District Court ot Mesa County, and the Court h'l.S issued
<br />,/,;';',">d',< an order setting torththnt the Grand VnlleyW,'lter Users A:lsochtion is a
<br />vn1id corporation, has adopted /1nd 'a~ended Articles of Incorporation, has ex-,
<br />,..tended its corporate life and has adopted proper by-laws, all as required by
<br />" ';'" . law; that the contro.ct between the Wnter Users Association and tho United
<br />"....'5tates, dated Februa17 13, 1913 was /1, proper Ilnd binding contract, andthnt
<br />':,,:;'the s'J!!\e has been succeeded by mutual agreement by the contract between the
<br />, ''':,s!lllle parties, dated Janu!\ry 4, 1928, together .with '11 supplemental contract "
<br />'"between the ,same parties, dllted January 10,1930. ',',' " ",' " ' " ' , '
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<br />,', '2~:'The'191j co~tract wh1chPr<)Vided for' repayment~f \~e pro .1ectcost
<br />, in 20 years, was superseded by the 1928 contract which incrensed tho 1ensth
<br />",of tho repayment period to 40 years.' As a rnatter, of nctun1 feet, negotiations
<br />, ,',will soon be undertnKen which will bave the effect' of, increasing ,the revenues
<br />" i ;from the Grllnd Volley power plant to the tiaterUsers Association and per::dtting
<br />:,',..,; .the repaymer;lt, of ,the projoctcost,1I1:nost entirely from such revenues during a
<br />'period which :lI1ll. be pract1cillllY, the same as tho present ~re'Oayment period.
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