Alessandro Irrigation District, California: Its Physical, Engineering and Business Problems and Conditions; Its Legal Status (Classic Reprint)

Excerpt from Alessandro Irrigation District, California: Its Physical, Engineering and Business Problems and Conditions; Its Legal StatusWith the multiplication of Irrigation Districts in California, all equally authorized by law to issue and sell bonds, came the necessity at financial centers for definite and authentic information, well arranged and presented, concerning each. The bankers of San Francisco, to whose judgment and opinion constant appeal was being made by contemplating bond purchasers and financial agents abroad, and who were daily being applied to for information about these districts and their securities, could not take the time, or incur the expense for, or assume the entire responsibility of, the examinations needed to get at the facts on which to base their judgments, or from which to enlighten their correspondents.This condition of affairs was proving a serious drawback to placing the district securities. It had to be remedied. A number of representative Irrigationists came to San Francisco, and the subjoined correspondence was the practical result of many meetings and interviews with representative bankers.The engineer's reports and the attorneys' opinion consequent upon this action are designed for the information of financial agents and contemplating investors in the securities of districts, and have not been sought as promotion papers in the interests of districts. Necessarily, some district enterprises are good from the business and engineering standpoint, and will be so spoken of. It may be that some are bad, - and, if so, it is expected they will be thus reported.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.