OCR Text |
Show __oc__ ($50,000) Dollars. And, if in ten 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 ten years from the date of sale thereof, no payment shall be made by the Company to the Trustee upon the first day of January, 1911; 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 ten years, then the Company will pay to the Trustee upon the first day of January, 1911, the difference between the amount of said bonds so delivered in payment upon said water-stock falling due in ten years and the sum of fifty thousand ($50,000) Dollars. All of the payments hereinbefore in this paragraph provided to be paid to the Trustee by the Company shall be retained by the Trustee as a Sinking Fund, for the payment of the one hundred and fifty thousand ($150,000) Dollars of the bonds herein provided for which fall due upon the first day of July, 1910. Seventh. It is further covenanted and agreed that in addition to the payments to said Sinking fund hereinbefore provided, that the Company will pay to the Trustee, upon the first day of July, 1910, and upon the first day of July of each year thereafter, to and including the first day of July, 1930, the sum of Fifteen Thousand ($15,000) Dollars. All such amounts hereinbefore provided to be paid to the Trustee by the Company, shall be retained by the Trustee as a Sinking Fund for the redemption and payment of the Company's bonds secured by this Indenture. Such funds shall be invested and disposed of as follows: |
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. |