OCR Text |
Show -3- under and by reason of such ratification are not of a character permitting competitive bidding, and can be procured by agreement with the Company, and in no other manner, and the best interests of the District require the execution of this contract; Now, Therefore, in consideration of the premises and the moneys to be paid as herein provided, the Company hereby agrees to and does ratify the said contract with the United States of America for the construction of Parker Dam, dated August 25, 1934, and agrees to secure the ratification by its sureties of the faithful performance bond heretofore given in connection therewith, or to file a bond in the same amount, with sufficient sureties and with like force and effect, and to proceed with the construction of Parker Dam thereunder, in the same manner and with the same rights and obligations as though the said contract of August 25, 1934 had been valid from the beginning. The District, in consideration of the ratification of, and agreement to perform, said contract, and the supplying of such bond to secure faithful performance thereof, and of the benefits to be derived therefrom by the District, as set out in the recitals hereof, and otherwise, agrees to pay to the Company on the 1st day of April, 1938, the sum of Two Hundred Forty Thousand Dollars ($240,-000.00). In Witness Whereof, the parties hereto have caused this Agreement to be executed on the day and year first above written. The Metropolitan Water District of Southern California J.H.H. By F. E. Weymouth General Manager and Chief Engineer |
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. |