OCR Text |
Show -29- "money" is used or referred to, it shall mean gold coin of the United States, of or equal to the present standard of weight or fineness, unless a contrary meaning is given. Thirteenth. The trustee accepts the trust of these presents, and agrees to execute them upon the following terms and conditions: 1. The accounts furnished as aforesaid by the Company on the first day of January and July of each year, with a certificate of their correctness, signed by the President and Treasurer of the Company, showing the amounts of the sales of the lands and water rights of the Company and of the Mexican Company, and transferred and payable to the Trustee on account of the Sinking Fund, shall be deemed by the Trustee to be correct; except that upon the written objection to such accounts by any holder or owner of a bond of the series hereby secured, filed with the Trustee, and upon proper indemnity furnished the Trustee may compel the Company to account for such receipts, and may, for that purpose examine its books and bring such action or proceeding as it may deem best in any court or courts of competent jurisdiction. 2. The Trustee may employ or advise with counsel, solicitors, accountants and others, and the proper expenses thereof and all personal expenses of the Trustee in and about the discharge of the trusts herein and all other reasonable and proper charges and expenses of the Trustee, including its compensation, shall be paid by the Company, its successors and assigns as they are incurred or otherwise, out of the trust estate on which they are hereby charges. The Trustee may employ Clerks, agents or attorneys in fact, and provided it shall have exercised reasonable prudence and care in |
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. |