OCR Text |
Show -9- Amount of Installment (1) $903,631.59 together with simple interest upon $791,615.16, or upon any unpaid balance thereof, at the rate of 4.56% per annum, from January 1, 1933, until paid. (Date Due and Payable On or Before) Payable out of the first proceeds of the sale of the bonds of the District authorized at the election held therein September 29, 1931, which, under any limitations imposed by the purchaser or purchasers of said bonds, shall be available for the purpose, and to be paid when such funds are so available for such purpose, either to make payment in full or to make partial payment of said amount, any partial payment so made to be applied first, to unpaid interest, second, to the non-interest bearing portion of the principal of said amount, and third, to the interest bearing portion of the principal of said amount. Said amount with interest as provided for shall, regardless of availability of the proceeds of the sale of said bonds of said District, become due and payable on October 1, 1965. |
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. |