OCR Text |
Show purpose of irrigation from Volcano Lake in Lower California, Republic of Mexico, in a northerly direction to and across lands belonging to Guillermo Andrade and to and across the lands belonging to said Mexican Company for the purpose of selling and distributing water to purchasers and owners or occupiers of lands to which water may be conveyed through such canals for an annual rental to be paid therefor; and Whereas, the Imperial Water Company, Number One, (hereinafter called "the Water Company" is a corporation organized and existing under and by virtue of the laws of the State of California, having a capital stock of One Million ($1,000,000) Dollars, divided into one hundred thousand (100,000) shares of the par value of one hundred ($100.) Dollars each, organized for the purpose of supplying water to its stockholders and owners upon lands situated in the County of San Diego, State of California; and Whereas, said Mexican Company has entered into a contract with said Water Company whereby said Mexican Company agrees upon demand of said Water Company, to annually deliver to said Water Company, water to the extent of four hundred thousand (400,000) acre feet per annum, and whereby said Water Company agrees to pay said Mexican Company the sum of Fifty ($.50) cents per acre foot for each acre foot of water so delivered to it by said Mexican Company and whereby said water company gives to said Mexican Company the exclusive right to sell the entire capital stock of said Water Company, and that said Mexican Company shall receive eight and 75/100 ($8.75) Dollars per share for each share of the stock of said Water Company so sold; and |
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. |