AZ vs. CA:20 California Exhibits, Vol. XX; Nos. 4050-4092

page 100

100. being made the right of the party of the second part, hereinbefore granted, to sell, have, or have issued the stock so paid for, shall be cancelled and extinguished, and the party of the second put shall be entitled thereafter to sell, to have, or to have issued, (or ita own use and benefit, only the said number of ahares of uid capital Mock which thall, at the lime ol said payment. he equal to the number of acres of irrigable land in said "Blythe Rancho" upon which nonr of laid capital stock shall have been located. And the said party of the first part, in consideration of the sale and conveyance to it of uid property, particularly described in said deed, hereby agrees that it will immediately proceed to construct, and will diligently complete, and will at all times thereafter maintain, in good repair and condition, along the West bank of said Colorado River, from the North line of Section* seventeen and eighteen, in Township eight South, Range twenty-three east. S- R. R. ft M., in said Riverside County, Northerly, »ncfi levees as may be expedient or necessary fur the reclamation and protection of all land* in uid Palo Verde Valley, which can by thr construction of such levees, be reclaimed from the high water* of uid river, and such levee* as may l< necessary for the protection, in all respects, of "Olive Ijke." now used, in connection with said Irrigation system, as a settling basin. IN H'lTNKSS W1IRKROP, the said parties herein have hereunto caused their corporate names to he subscribed and their corporate seal* to be affixed by their respective Presidents and Secretaries, on the day and year first ahove written, such officers of each of the parties hereto bring thereunto duly authorized hy resolution patted and adopted by the Board of Directors of their said respective corporations. Executed in duplicate. ¦PAlXi VKKDK MUTUAL WATKK CO. (• corporation) Ry Kiank Mi'ii'iiv, (skai.) /// I'reiidenl. Hy I. W. Stkwabt. lit Secretary I'AI.O VKRDK LAND AND WATKK CO. (a corporation) Hy A. I., i lonsov. (KRAI.) Ill I'rriidrnl liy Chan Donuin. Hi S.;r,lary On this 28th day of July, in the year of our Lord one thousand nine hundred and eight, be-fore me, F. M KIRK. a Notary Public in and for said County and Slate, residing therin, duly commissioned and qualified, personally appeared Frank Murphy. known to me to be the Presi-dentl, and I. W. Stewart. known to me to be the Secretary of Palo Verde Mutual Water Com pany, the corporation that executed the within and foregoing instrument, and they acknowledged to me that said corporation executed the same. Stair of California. County of Ventura. ss.