OCR Text |
Show -7- The liabilities consist of: A mortgage for $90,000.00, bearing 7% interest, payable in five annual payments, given the Palo Verde Land and Water Company on November 19, 1913; bills payable $14,520.00; and a deferred payment, due the Palo Verde Land and Water Company, $3,695.00; making, with the outstanding stock, a total of $423,115.00. Lands Under the Project. The lands upon which stock may be located are limited by the articles of incorporation to:-All of Twps. 6, 7 and 8, S., R. 23 E., Twp. 5 S., R. 24 E., and Twp. 8 S., R. 22 E., S. B. B. & M.; all of Twp. 5 S., R. 23 E., S. B. B. & M., lying easterly and southerly of bluff of upper Mesa lands; all of Twp. 6 S., R. 22 Ev S. B. B. 6 M., lying easterly of bluff of Mesa lands; all of Twp. 7 S., R. 22 K, S. B. B, & M., lying easterly of bluff of upper Mesa lands; all of Twp. 8 S., R. 21 E., S. B. B. & M., which lies easterly of bluff of upper Mesa lands; all of the above-described lands being in Riverside County, California; and all of Twp. 9 S., R. 22 E., S. B. B. & Mv and all of Twp. 9 S., R. 21 E., S. B. B. & M., lying easterly of bluff of upper Mesa lands, in Imperial County, California. In the above-described district there are 90,000 acres of irrigable land and it is planned by this company ultimately to extend its irrigation system over the entire area, the main canals, etc., being constructed with this end in view. The main canals and sub-laterals now completed extend over approximately 60,300 acres. Stock has been sold for and located upon 31,490 acres, of which 25,000 acres are now being supplied with water, but the company is in position to supply the entire area |
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. |