OCR Text |
Show 97. WITH PALO VERDE LAND AND WATER COMPANY. THIS INDENTURE. made this afkh day of J«ry, in the year of oar Lord one thousand nine hundred and eight, by and between Palo Verde Mutual Water Company, a corporation or-pnized and existing nnder and by virtue of the laws of the State of California, and having its principal place of business at Oxnard, California, the party of the first part, and Palo Verde Land and Water Company, a corporation also organised and existing under and by virtue of the laws of the State of California, and having its principal place of business at Oxnard, California, the party of the second part, Wittuuttk: WHEREAS, the party of the first part is a corporation having a capital stock of One Million Dollar*, divided into one hundred thousand shares, of the par value of Ten Dollars each, and formed for die purpose of supplying irrigating water at cost, to its stockholders only, for use upon certain land* situate in the Palo Verde Valley. Counties of Riverside and Imperial. State of California, and which lands are particularly described in the Articles of Incorporation of the party of the first part; AM). WHEREAS, the party of the second part has, at the time of the execution nf this agreement, sold and conveyed to the party of the first part certain rights of way, certain water rights and the entire irrigation system owned by the party of the second part, all situate in the Palo Verde Valley, County of Riverside. State of California, and which property is more particularly described in a certain deed of even date herewith, made by said Palo Verde Land and Water Company, as the Grantor therein, to said NOTE This contract wan modified by a new ajrree-ment made between the two companies on October 5th, 1912. Under the new arrangement the Palo Verde Land & Water Company retained the benefit of the 3O,Ono shares which had then t«en issued at its instance, but waived its n>;ht to sell or receive further st/x-k of th« Mutual Water Company. It was also agreed that thereafter the Mutual Water Company should sell all stork and that the Palo Verde Land 6 Water Company should receive- f&.lJO per share on the first 90,000 .shares thereafter Ui lie w.lil. |
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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. |