OCR Text |
Show __7__ Sixth: This Agreement further Witnesseth; That Whereas upon the 29th day of June, 1898 parties hereto entered into a certain contract containing among others the following provisions: "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 (2,000) 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 its main canal from Hanlon to the Salton River, and shall by its work at that time have manifested to the satisfaction of said trustee its intent to complete said canal in a reasonable time thereafter, in which case and in which event said Ryland B. Wallace, Trustee, shall retain and hold said stock until the first day of August, 1901, at which time said stock shall become the property of the said Andrade unless at that time the said "Mexican Company" shall have completed its said main canal from Hanlon to the Salton River. In the event said "Mexican Company" shall commence its said main canal before the 1st day of August, 1900, and shall complete the same on or before the first day of August, 1901, the said 2,000 shares of stock of party of the second part so transferred to said Ryland B. Wallace, Trustee shall be transferred and delivered by said trustee to the President of the party of the second part herein, or to such other party as party of the second part at such time may direct;" "(E) |
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. |