OCR Text |
Show -9- to be delivered to Ryland B. Wallace, Trustee, there shall be delivered to him the proportion of the shares of the capital stock of said other corporation, to which said stock and rights are to be and have been transferred, that the 2,000 shares of the capital stock of party of the second part bears to the entire issued capital stock of party of the second part; which said stock of said other corporation shall be held by said Ryland B. Wallace, Trustee, on the same terms and conditions of trust and for the same purposes under and for which he was to hold said 2,000 shares of stock of party of the second part, and the same shall be transferred and the title thereto shall be passed under and according to the same terms and conditions, it being understood that the one block of stock is to take the place of the other in order that party of the second part, if it so desires, may transfer its rights hereunder and its rights to said stock of said "Mexican Company" and yet leave party of the first part with the same proportionate or relative security. (E) It is provided and conditioned further that to give a commercial value to and make salable the securities which the party of the first part agrees to accept in part payment for the said 11,995 shares of the said "Mexican Company," the party of the second part, and its assigns, undertakes and agrees to build or cause to be built for said "Mexican Company" a main canal from Hanlon to the Salton or Carter River; and as an evidence of its sincerity and as security that it will commence said canal or cause the same to be commenced prior to the 1st day of August, 1900, and will complete the said canal or cause the same to be completed prior to the said 1st day of August, 1901, it agrees that said 2,000 shares of its capital stock hereinabove mentioned to be delivered to |
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. |