OCR Text |
Show -5- (B) It being provided and conditioned, however, that at the time party of the first part delivers said stock to said party of the second part, party of the second part will execute and deliver to party of the first part an agreement on its part that it will, at the request and option of party of the first part, undertake to sell, without expense to him and for his benefit, such amounts of the stock and land scrip of said party of the second part as may belong to said party of the first part as he may from time to time designate; said stock and land scrip of said party of the first part to be listed with the stock and land scrip of the party of the second part and sold at the same price; but party of the first part shall not be entitled to demand that more than twenty-five per cent (25%) of the securities sold by party of the second part, as aforesaid, shall be of those belonging to him, unless the cash returned from said sales shall be less than twelve hundred dollars ($1200) in any one month, in which case the first sales during any such month to the amount of three hundred dollars ($300.00) shall be of the stock and land scrip belonging to said Company and shall be retained by said Company; And provided further that on the delivery of the said $11,995 shares of said "Mexican Company" to said party of the second part, the said California Development Company, party of the second part, shall deliver to Ryland B. Wallace, as Trustee for party of the first part, and have transferred to him on its books Two thousand (2000) shares of the capital stock of said Company, which stock shall become the property of the party of the first part on the first day of August, 1900, and be transferred and delivered to him by the said trustee, unless the said "Mexican Company" shall have at that time commenced |
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. |