OCR Text |
Show 6 1 Compensation for leases, renewals, extensions, and new 2 leases shall be fixed with a view to the United States recciv-8 ing such payments and revenue therefrom, as, with the 4 payments and revenue from rights disposed of under section 5 4 hereof, will cover all expenses of operating and main- 6 taming the said dam and incidental works, and in addition 7 thereto reimburse the United States for the entire cost of 8 such dam and incidental works, including the acquisition 9 of necessary lands and rights of way for said reservoir and 10 incidental works, together with interest at the rate of 4 11 per centum per annum, within a period of not to exceed 12 fifty years from completion thereof. 13 Sec. 4. That any such political subdivision, instead of 14 entering into a lense, may, as the consideration for such 15 power privileges as may be allocated to it as above pro- 16 vided, pay to the United States in annual installments, 17 during such period not exceeding twenty-five years as may 18 be agreed upon, a total sum which shall bear the same 19 proportion to the cost of constructing such dam and inci- 20 dental works and acquiring lands and rights of way for 21 said reservoir and incidental works as the water allo- 22 cated to such political subdivision bears to all the water 23 available for the generation of power .at said dam, together 24 with a like proportion of the annual expense of operating 25 and maintaining such dam and incidental works, and in- |
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. |