OCR Text |
Show 4 1 taken, not exceeding tho fair value thereof at the time it is 2 so taken, with reasonable severanco damages to property of 3 the lessee not taken. Such net investment, or fair value and 4 damages, if not agreed upon, shall be fixed by a. proceeding 5 in equity in the district court of the United States in the dis-q trict in which such property, or some part thereof, is situated. 7 If the United States does not exercise its right to take over g such property, the Secretary of the. Interior may renew the 9 said lease for not more than fifty years, or in his discretion 10 may make a lease under tho terms hereof to a new lessee, upon H the condition that such new lessee shall pay to the former 12 lessee such net investment and damages determined as afore- 13 said. If such property is not taken over by the United 14 States, or such new lessee, or such lease renewed, the said 15 Secretary shall extend such lease from year to year until 16 such property is so taken over or such lease renewed. Com- 17 pensation for leases, renewals, extensions, and new leases shall 18 be fixed with a view to the United States receiving warh 19 payments and revenue therefrom, as, with the payments 20 and revenue from rights disposed of under section 4 hereof, 2.1 will cover all expenses of operating and maintaining the oo said dam and incidental works and in addition thereto re- 23 imburse the United States for the entire cost of such dam 24 and incidental works within a period of not to exceed fifty 25 years from completion thereof. |
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. |