OCR Text |
Show its main canal from Hanlon to the Salton River, and shall by its work at that time have manifested to the satisfaction of said trustee its intent to complete said canal in a reasonable time thereafter, in which case and in which event said Ryland B. Wallace, Trustee, shall retain and hold said stock until the first day of August, 1901, at which time said stock shall become the property of the said Andrade unless at that time the said "Mexican Company" shall have completed its said main canal from Hanlon to the Salton River. In the event-said "Mexican Company" shall commence its said main canal before the 1st day of August, 1900, and shall complete the same on or before the first day of August, 1901, the said 2,000 shares of stock of party of the second part so transferred to said Ryland B. Wallace, Trustee, shall be transferred and delivered by said trustee to the President of the party of the second part herein, or to such other party as party of the second part at such time may direct. (C) As a condition precedent to the obligation of party of the first part selling and delivering to party of the second part on the terms and conditions here mentioned the said 11,995 shares of the capital stock of said "Mexican Company," said "Mexican Company" shall by obligations in writing, legal sufficient and binding have obligated itself to recognize the land scrip of the said California Development Company, and shall have entered into a contract with party of the first part, legal, sufficient and binding under the laws of the Government of Mexico, where in and whereby it shall have obligated itself to receive the said land-scrip of the said California Development Company in payment for its lands 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. |