Laserfiche WebLink
<br />'. <br /> <br />"."u1-1 811ti":ority to dictate the entire -ov.siness ]Joliey, the <br />plan of organization, the selection of manE~ers, commissions if <br /> <br />necessliry, 8tC., tte :fi:'.in3 of sa18rie:o Enr\ WE-lOS, the purchase <br /> <br />of an~.' kind cf ;J:fCpert;y in "n~- "tate, eto.. <br /> <br />"The power to i8rme 00110_8 bJ neellGG o"'uligating the States <br />of Arizona End CE.lifo~'nia to Wh&1;CVer extent is necessary in the <br /> <br />businessli!:e ilevelopment 0:': the Colorudo niVGi' pL'oject. <br /> <br />"'l'he j)ov;er to enter into contnic ts for the 88.1e <:If power to <br /> <br />conSl_lmers ill uny st"tc. <br /> <br />lI?ower v~:ould likel;; be sold c.t cost in .the ~tates of Arizona <br /> <br />and C::J.lifoi"ni8 8S 10ilp' &8 ti,ers is any :!.)oVle:c un-develo~led or un- <br />f.' usedf,:om tile canyon ~pro.iect. By cost I mean all_ operating costs, <br /> <br />intercc;t 8nd 1'cdem,)tion ch:.:;rges for bonds, sinking funds, etc., <br /> <br />the polioy f':overning the progress in the liquidation of all bond.ed <br /> <br />in0e'ot~dnessremainio3 in the hands of tl:e :Board. <br /> <br />"As f"r LoS the 09p.Tating Chai'f'es of tbc dam and _;Jower !llant <br /> <br />a :1(": <br /> <br />tilc ovarheEJ chargcs are conc8l-ned, the" would be assessed <br />'-' I ,~y <br /> <br />at trJe switchboard; the t;sers of the resnecti\'e StE tes \'!ould be <br /> <br />required to st2nd their own transmt3sion losses. <br /> <br />"J.'he 3t!!_te of California wruld. be obligated to pa~' 8 small <br /> <br />ptemium 00 the GO'.ler at th8 switchboard. in lieu 0: taxes Arizona <br /> <br />would be entitled to each YCEJr, on prooerty w:tthin her boundaries. <br /> <br />P. <br /> <br />.! <br />