Arizona republican., 1902-05-04

the proper occupation by the govern
ment of any reservation. and all maps
of location on such public lands shall
be subject to the approval of the de-
partment of the government having
jurisdiction of such reservation: and
( there are also hereby given. dedicated,
granted, and set apart for the uses and
purposes aforesaid all water and water
rights belonging to the United States
or to The Territory Of Arizona, in con-
nection with the flow of the Salt or
Verde rivers or their tributaries above
the junction of said rivers, subject only
| to existing private rights by way of
appropriation or otherwise on the part
Of individuals or corporations.
Sec. s. That if bonds of said county
of Maricopa are issued under this act,
this act shall be irrepealable while any
OF the said bond3 are outstanding: and
said bonds shall, ipso facto. constitute
a first mortgage on the whole of me
works mentioned in the first section of
this act belonging to the county of
MaricoDa, and upon all the appurte-
nances, fixtures. and property of every
kind and description connected there
with, whether now owned or hereafter
to be acquired and such mortgage
OF the county of Maricopa and the in
terest thereon are fully paid and salts
fed. Such mortgage shall not affect
or impair the absolute and general OBJ
legation of the county of Maricopa to
pay the said bonds and interest. SO
long as there is no default in the pay
ment of the principal and interest CT
said bonds according to their terms,
I he Of h1n
titled to the revenues of said works
mentioned in section one hereof, under
and in accordance with the provisions
of this act; but upon such default in
the payment of interest or principal
continuing for more than twelve
months months after the demand in
writing for the payment thereof by
oondholders holding at least twenty
per centuIn of the outstanding bonds
of the county, the revenues of said
works are hereby pledged as further
security for the payment of said out
standing bonds and the provisions of
this section as to mortgage and lien
and revenues may be enforced by ap-
pTOpriate proceedings in any court Of
competent jurisdiction at the instance
of bondhOldeTs, or of any trustee who
may be appointed for that purpose by
The holders of = majority in amount of
such bonds. which appointment may be
made by such bondholders under their
! hands and seals. or at a meeting Of
! bondholders called for that purpose in
the city of New York, at a time and
place to be fixed by the bondholders of
the county holding bonds to the
amount of at least ten per centum of
the bonds of the county at that time
outstanding.
IF said mortgage shall be foreclosed,
all of the said property upon which
it is a lien may be sold, under and pur-
suant TO u decree of foreclosure for
the equal benefit of all the outstanding
| bonds; and the purchasers at such sale
are hereby authorized, upon confirma-
tion of such sale and receiving a deed
for said property under such forecIos-
/ ure, to organize as q corporation and
own, possess, enjoy. maintain and OPP
crate the said works. and to lease, sell,
and distribute said water and power.
and otherwise utilize the said works.
| subject to any of the water and power
| contracts mentioned in section four of
! this act then in force, as to which said