OCR Text |
Show __24__ of said bonds shall not be so presented in payment of said last three deferred payments upon said water stock, then the Company will pay to the Trustee the difference between said amount of one hundred and fifty thousand ($150,000) Dollars, and the amount of said bonds, which shall be so delivered in payment of said last three deferred payments. That is to say, if, in eight years from the first day of January, 1901, fifty thousand ($50,000) Dollars of said bonds shall be delivered to the Company in payment of the payment upon said water stock falling due in eight years from the date of the sale thereof, no payment shall be made by the Company to the Trustee upon the first day of January, 1909; but, if less than fifty thousand ($50,000) Dollars of said bonds shall be so presented in payment of said payments upon said water-stock so falling due in eight years, then the Company will pay to the Trustee upon the first day of January, 1909 the difference between the amount of said bonds so delivered in payment upon said water-stock falling due in eight years, and the sum of fifty thousand ($50,000) Dollars. If in nine years from the first day of January, 1901, fifty thousand ($50,000) Dollars of said bonds shall be delivered to the Company in payment of the payments upon said waterstock falling due in nine years from the date of sale thereof, no payment shall be made by the Company to the Trustee upon the first day of January, 1910; but if less than fifty thousand ($50,000) Dollars of said bonds shall be so presented in payment of said payments upon said water stock so falling due in nine years, then the Company will pay to the Trustee, upon the first day of January, 1910, the difference between the amount of said bonds so delivered in payment upon said water-stock falling due in nine years and the sum of fifty thousand |
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. |