OCR Text |
Show said party of the first part, and after party of the first part shall have received said 12,000 shares of the 12,500 shares of the capital stock of said "Mexican Company," then and thereafter party of the second part shall have the right, option and privilege of purchasing from party of the first part Eleven thousand nine hundred and ninety-five (11,995) shares of the said 12,000 shares of said "Mexican Company" on the following terms and conditions to-wit: (A) Price to be paid therefor by party of the second part to party of the first part to be the sum of Five thousand dollars ($5,000) in gold coin of the United States, less all sums heretofore advanced to the party of the first part since the making of said contract of May 8th, 1897; also the cancellation and payment of a certain promissory note for four thousand dollars ($4,000) executed by party of the first part to one Philip VanValken-burg and the satisfaction of the mortgage issued to secure the same (which said note and mortgage party of the second part shall pay, cancel and surrender to party of the first part) ; also the transfer and delivery to party of the first part of forty thousand dollars ($40,000) par value of the capital stock of party of the second part, and also Eighty thousand dollars ($80,000) par value of the land scrip of the party of the second part: Said money to be paid, said note to be surrendered and cancelled, and said mortgage to be satisfied, and said stock and said land scrip to be delivered to party of the first part by party of the second part at the time party of the first part delivers to party of the second part the said 11,995 shares of the capital stock of said "Mexican Company" and to be received by party of the first part in full payment therefor. |
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. |