AZ vs. CA:03 California Exhibits, Vol III; Nos. 114-150

page 20

-20^ Exhibit "B". This Agreement, Made and entered into this 9th day of April, 1900, by and between the California Development Company, a corporation duly formed and existing under and by virtue of the laws of the State of New Jersey, party of the first part, and the Imperial Land Company, a corporation formed and existing under and by virtue of the laws of the Territory of Arizona, party of the second part, Witnesseth : That Whereas first party is the owner of all of the capital stock of the Sociedad de Yrrigacion y Terrenos de la Baja California, (Sociedad Anonima) a corporation duly formed and existing under and by virtue of the laws of the Republic of Mexico, and Whereas, said Sociedad de yrrigacion y Terrenos de la Baja California, (Sociedad Anonima) is the owner of a large tract of land located in Lower California, Republic of Mexico, just below and adjacent to the International Boundary Line, and extending from the Colorado River on the east to the mountains on the west, and containing about one hundred thousand acres of land; and Whereas, first party proposes to construct a canal for the purpose of irrigating said tract of land, and other tracts of land in Lower California and elsewhere, and Whereas the Imperial Water Company No. 1 is a corporation formed and existing under and by virtue of the laws of the State of California, for the purpose of furnishing water at cost to its stockholders only for the irrigation of lands owned by such stockholders, upon which the stock of said corporation shall have been located; and