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<br /> <br />The 91tuation in the most !'requent ease in Colorado hes been thAt <br /> <br /> <br />of a mutual ditch corporation nnd its consumers and stockholders. The ditoh <br /> <br /> <br />company or corporation owns nothing, not even the canal or ditch, in itB Olm <br /> <br /> <br />right. While it hAs the legal title to the ditOh and to the physical structut'EIl, <br /> <br /> <br />such legal title 1s held by it as a truBtee. It hAB expended no Ollpital except <br /> <br />such CB has been pa1d in by the stookholders or borrowed on seouri ty of their <br /> <br /> <br />land and .....ter r1ghto. <br /> <br />How different 19 the situation with which.... are dealing. We have the <br /> <br /> <br />following pnrties or Glassec interested in th1s projectl <br /> <br />1. T'ne United. states. <br /> <br />2. Northern.Colorado Water Conservancy District. <br /> <br /> <br />3. Tlul ditch co:n;pan1es nth 1lh1ch the DiBtr1ct dealB. <br /> <br /> <br />'. The oonsumers ani stockholders of the Northern Colorado ditch <br /> <br />oompan1611. <br /> <br />5. Tlle ditoh compan1es on the WeBtern Slope. <br /> <br /> <br />6. Tlle COIUlumer. and .tockholders of the WeB tern Slope ditch companics <br /> <br /> <br />wIlo use ....-ter Btored in and relensed !'rom G1'een lolounto.1n Reservoir. <br /> <br />Rocky Mounta1n Nat10nal Park nnd the V111age of EateB Park 1lII1:r also be <br /> <br /> <br />ment10ned. <br /> <br /> <br />Here tbe United StateB w1l1 advance all of the money to finance oon- <br /> <br /> <br />struotion. Tbe United States, according to Senate Dooument 110. 80, and the <br /> <br /> <br />contract e>.:ecuted by it and tho District, 1& to mm forevor all of thc power <br /> <br /> <br />ple.nts and appurtenant structures and !'acilities, and BMll forever hIl-ve all <br /> <br /> <br />of the revenues tberet'l.om. with one or two slight o.xceptioIUl. See Art. 22 <br /> <br /> <br />of Contract. <br /> <br />The United States 18 not to be repaid thc on....hAlf of the expcnse ap- <br /> <br />port10ned to tbe irrigation portion of the proJ ect unt11 sOlDO forty years <br /> <br />after the project 18 completed. In the meant1I:1e, or during a substo.nt1al <br /> <br />part cf the interim, the United States w1l1 retain posseSSion, and will <br /> <br />operate ani maintain most of the "proj eet works and their respect! vo appur- <br /> <br />tenant and incidental works." Sec. a (c). With respect to such works as <br />are trnnBforred to tbe Diotrict, t~e United States is given the right to enter <br />therein and make repairB or replacements when. in the op1n1on of the Seoretary <br />ot the Interior, the District bas talled or "is failing to make necessary <br />repairs or replacements, tbe coot of which worle '0'111 be borne solely by the <br /> <br />-9- <br /> <br />~~.&..~ <br /> <br />