OCR Text |
Show MERRIMACK RIVER COMPACT 217 pose duly authorized, 'before any construction thereon is begun or prosecuted. "article x "In order that an adequate fund may be established and created from which payments for the acquisition of lands, easements and rights of way may foe made, the signatory states become bound and each hereby obligatesdtself to pay to the Commission the proportion of the cost of acquisition of lands, easeinents and rights of way respectively set forth below, amd subject to the limitations hereinafter provided as follows: " (1) The Commonwealth of Massachusetts fifty per cent thereof. " (2) The State of New Hampshire fifty per cent thereof. "Provided, however, that it is the understanding, intent and purpose of the parties hereto tihat the cost of acquisition of lands, easements and rights of way for two xeservoirs provided for herein, shall not exceed the sum of Two Million Two Hundred and Eighty-five Thou- sand Dollars ($2,285,000), and that the drainage area of the Merri- mack River Basin to be controlled thereby shall be approximately twenty-two and one-half (22.5) per cent thereof; and it is expressly provided that the maximum amount for the cost of acquisition of lands, easements and rights of way to which each of the signatory states shall be bound or obligated on account of said two reservoirs shall not ex- ceed the respective proportions hereinbefore set forth of said sum of Two Million Two Hundred and Eighty-five Thousand Dollars ($2,285,000). "The fiscal year shall be deemed to begin on July 1st and end on June 30tih. Payment by tihe signatory states of the cost of acquisition shall be made as and when requested by the Commission on or after July 1,1&37; provided that not more than one-half of said sum of Two Million Two Hundred and Eighty^five Thousand Dollars ($2,285,000) shall be required to be paid in any fiscal year after said date. "article xi "In the execution of the initial plan of two reservoirs herein contem- plated said Commission, with the approval of the Secretary of War, shall determine the order in which the construction work of the same shall be commenced and prosecuted. "The initial plan for the construction of two reservoirs herein men- tioned and provided for is a part of a long range comprehensive pro- gram for flood control on the Merrimack River and its tributaries, the object and purpose of the signatory states being to enlarge and ex- pand such flood control projects to an ultimate control. "In the further development of such comprehensive program, said Commission shall determine from time to time the site, character, location, and extent of such additional reservoirs, subject to the ap- proval of the legislature of the state in which the same may be located. "article xn "Each of the signatory states shall annually contribute and pay to the Commission the respective proportions of the expense of opera- tion and maintenance of the flood control reservoirs hereafter con- structed under the terms of this agreement as follows: 94-497-69---15 |