OCR Text |
Show Palo Verde Mutual Water Company. as the Gmmh therein and intended to be forthwith recorded in the office of the County Recorder of said Riverside County, and which deed is hereby referred to and is by reference made a part hereof; AND. WHEREAS, it has been and is agreed between the parties hereto, that, as the sole consideration for the sale and conveyance of said property the party of the first part is to grant to the party of the second part the right to sell certain of the capital stock of the party of the first part, and is to build and maintain certain levees, all as hereinafter specified; AND, WHEREAS. the party of the second part is the owner of the greater portion of a certain Rancho, situate within said Palo Verde Valley and within the territory intended to be irrigated by the party of the first part, and common-ly known as the "Blythe Rancho," containing forty thousand acres, more or less, the residue of which rancho has been heretofore conveyed by the party of the second part to divers persons: AND. WHEREAS, it is intended by the parties hereto that a portion of the shares of the capital stock of the party of the first part, equal to the number of acres of irrigable land in said Rancho. shall be located upon such irrigable land, as desired ami designated, from time to time, by the party of the second part; .VON'. THKKV.FORE. it is hereby agreed that the party of the second part may and shall have, and the party of the first part hereby grants In the party of the second part, the sole and exclusive right to sell, for such prices and upon such terms as it may see fit. sixty thousand (60.000) shares of the capital stock of the party of the first part; and it is agreed that the party of the *3 |
Source |
Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |