OCR Text |
Show ___1 7.___ with sufficient sureties, to be approved by the judge of this court, conditioned as required by law, and before entering upon the discharge of his duties as such commissioner he must, and is hereby required to file such undertaking, so approved, together with his oath that he will faithfully perform the duties of said office. V. Said commissioner shall hold, conduct and make such sale at the county court house at El Centro, in the county of Imperial, State of California; he shall make said sale at public auction to the highest bidder, after giving such notice as is required by law. The bidder making the highest bid shall, upon the acceptance of his bid, deposit with said commissioner the sum of not less than ten (10%) per cent of the amount of such bid. The commissioner shall, within fifteen days after said sale, report the same and all that he shall have done by virtue of this decree to the court, and the court shall thereupon set a time and place for the hearing of said report, and upon such hearing shall make an order confirming such sale, or such other order in the premises as to it may seem proper. After the sale shall be confirmed, the purchaser shall pay the commissioner, on the day on which the order of confirmation shall be made, the balance of his bid, unless the court shall order that the time for such payment be extended, in which event the purchaser shall pay the balance of his bid within the time fixed by the court. If the court shall refuse to confirm the sale, the moneys paid by the bidder shall be returned to him. If the bidder shall have made a payment upon the acceptance of his bid, as herein provided, and shall fail to pay the balance of such bid in accordance with the provisions hereof, the |
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. |