Economic Survey of Certain Federal and Private Irrigation Projects: Hearings Before the Committee on Irrigation and Reclamation, House of Representatives, Seventy-first Congress, Second Session, March 6, 1930
U.S. Government Printing Office, 1930 - 314 páginas
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acre acreage additional agricultural alfalfa amount annual approximately assessments average bank basis beets believed benefits better bonds buildings Bureau canal capital carry cash cent committee completed considerable considered construction charges contract cost cover crops cultivation dairy debt delinquent division Doctor MEAD drainage economic equipment estimated expenses farm farmers Federal fund furnish given Government gross improvements income increase indebtedness interest irrigation district land landowners less livestock loans meet ment miles mortgage necessary needed obligations operation and maintenance Orchard owners Owyhee paid pasture payments period plant portion possible practically present principal production pumping purchase raised reasonable reclamation reduced repayment result returns River secured settlement settlers soil success sufficient taxes tion United Valley View warrants yield
Página 63 - The Legislature shall not in any manner create any debt or debts, liability or liabilities which shall, singly or in the aggregate, with any previous debts or liabilities, exceed the sum of three hundred thousand dollars, except in case of war, to repel invasion or suppress insurrection...
Página 66 - ... moneys arising from the loans creating such debts shall be applied to the purpose for which they were obtained, or to repay the debt so contracted, and to no other purpose whatever.
Página 64 - ... shall impose and provide for the collection of a direct annual tax to pay, and sufficient to pay, the interest on such debt as it falls due, and also to pay and discharge the principal of such debt within fifty years from the time of the contracting thereof.
Página 66 - Legislature may authorize, and in such manner as it may authorize the same, for the following purposes, towit: (a) The improvement of rivers, creeks and streams to prevent overflows and to permit of navigation thereof or irrigation thereof, or in aid of such purposes. (b) The construction and maintenance of pools, lakes, reservoirs, dams, canals and waterways for the purposes of irrigation, drainage or navigation or in aid thereof.
Página 64 - ... and provision shall be made, at the time, for the payment of the interest annually, as it shall accrue, by a tax levied for the purpose, or from other sources of revenue; which law, providing for the payment of such interest by such tax, shall be irrepealable until such debt be paid...
Página 66 - In addition to the above limited power to contract debts, the State may contract debts to repel invasion, suppress insurrection, or defend the State in. war; but the money arising from the contracting of such debts shall be applied to the purpose for which it was raised, or to repay such debts, and to no other purpose whatever.
Página 62 - ... it shall have been submitted to the people and have received a majority of all the votes cast for and against it at such election...
Página 63 - Shall this bill pass, and ought the same to receive the sanction of the, people? " The Legislature may, at any time, after the approval of such law by the people, if no debt shall have been contracted in pursuance thereof, repeal the same...
Página 64 - Interest of such debt, and the principal within five years from the passage of such law, and shall specially appropriate the proceeds of such taxes to the payment of such principal and interest; and such appropriation shall not be repealed, nor the taxes be postponed or diminished, until the principal and interest of such debt shall have been wholly paid.