Utah § 73-11-4 School and Institutional Trust Lands Administration to vote stock of consolidated district.

Utah Statutes

§ 73-11-4 — School and Institutional Trust Lands Administration to vote stock of consolidated district.

Utah § 73-11-4

Title 73Water and Irrigation

Ch. 73-11Consolidation of Water Companies and Conservation Districts

This text of Utah § 73-11-4 (School and Institutional Trust Lands Administration to vote stock of consolidated district.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 73-11-4 (2026).

Text

In the event it is necessary for the consolidated corporation to borrow money for consolidation expenses, repairs, improvements, and operation, and to pay the indebtedness of the Price River water conservation district or any of the constituent companies, and to pledge or mortgage all or any part of the assets and properties of the consolidated corporation as security therefor, the School and Institutional Trust Lands Administration is authorized to vote the stock of the state in favor of the action, providing it considers the action to be in the best interest of all the constituent parties.

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In the event it is necessary for the consolidated corporation to borrow money for consolidation expenses, repairs, improvements, and operation, and to pay the indebtedness of the Price River water conservation district or any of the constituent companies, and to pledge or mortgage all or any part of the assets and properties of the consolidated corporation as security therefor, the School and Institutional Trust Lands Administration is authorized to vote the stock of the state in favor of the action, providing it considers the action to be in the best interest of all the constituent parties.