OCR Text |
Show -12- and each one of the obligations imposed on the Company, grantee, by the present contract. Article Twenty-first. The Company, compared grantee, shall have the right to issue common shares, preferred shares, bonds and obligations and dispose of them. Article Twenty-second. At no time nor by any reason can the Company, grantee, sell or mortgage the concessions made in the present contract to any government or foreign state, nor admit it in partnership, it being null and of no value nor effect whatever, any stipulations made to that end. Article Twenty-third. The Company, grantee, shall have in this Capital a representative fully authorized to treat with the government in all that refers to the present contract. Article Twenty-fourth. The Company, grantee, shall guarantee the obligations contracted in this contract, making a deposit in the National Bank of Mexico, of ten thousand pesos dollars in bonds of the consolidated public debt within eight days from the promulgation of the contract, and said deposit shall be returned to it when the hydraulic works referred to in this contract be finished. Article Twenty-fifth. This contract shall have no force if the deposit is not made within the term fixed in the foregoing article, and shall become extinct by the following reasons: |
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. |