OCR Text |
Show -14- system which includes the warehouse property, lands and appurtenances in Mexicali, Mexico, and in so far as the transfer of the stock of the Mexican Companies, or either of them, as hereinbefore provided, or the execution of this conveyance shall operate to vest in the party of the second part either the legal or equitable title to any lands of either of said Mexican Companies in Mexico which are not a part of or necessary to the convenient operation or protection of said irrigation system, or to the aforesaid rights of way, such properties shall be deemed to be held by the party of the second part and by the said Mexican Companies in trust for the party of the first part and no transfer or sale or agreement affecting in any way the said lands thus held in trust shall be made by the said Mexican Companies, or either of them, or by the said party of the second part except by and with the consent in writing of the party of the first part, which shall have the sole control and management of said lands and exclusive right to all proceeds derived from the sale or use of said lands; and the party of the second part agrees that whenever requested so to do it will cause the said Mexican Companies or the Company which may legally control or hold the legal title to said lands to enter into such contracts relating to such lands or convey the same, in whole or in part, subject to necessary right of way for canals, levees, roads and structures, as aforesaid, to such company or person as party of the first part may, in writing, designate; and the party of the first part agrees that it will, at all times during the holding of said property by party of the second part in trust as aforesaid, indemnify and hold harmless the said party of the second part from and against all valid taxes, liens or other assessments imposed upon said lands by governmental authority |
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. |