Imperial press and farmer., 1902-02-22

Each and all lateral ditch or ditches as soon as completed to be turned over to second party and to be thereafter owned, possessed, controlled and maintained by 1t.
 Said lateral ditches to be constructed wherever necessary to irrigate the lands owned or located by the stockholders of second party. and to be either as originally constructed or by subsequent enlargement of ample size to convey to the stockholders of second party an amount of water equal to two-thirds of one (D acre-foot per month for each share of stock of second party owned by them: Provided. that if any of the stock of second party shall have been sold by third party, and located upon any tract of land, which cannot at an expense Of more than double the average cost of the con- struction of said lateral ditches, be irr- gated by gravity from said lateral ditches, then third party at it's option, may retund to the owner of the stock. which has been located upon said tract of land which cannot be irrigated as aforesaid an amount of money for each share of stock located upon such land, which together with any balance then due to third party upon such stock shall equal the price at which third party is then selling such stock, and that upon making such payment, such stock shall thereupon be assigned to third party, and that by rendering said amount, third party shall be relieved from all obligation to con- struct such lateral ditches in such manner as to enable the owner of such land to irri- gate the same therefrom.
 
 In order to avoid any loss to second party by reason of seepage, evaporation, or other causes between said point upon said inter- national line at which said water is to be delivered by first party to second party, and the place where second party is to use the same it is hereby mutually agreed that the water so to be delivered to second party by first party shall be measured at the point where the same is delivered from the main canal (so to be constructed by third party as herein provded) into the main laterals of second party. And parties hereto hereby agree that second party shall receive at said last-named points the full amount of water agreed to be furnished by first party to second party hereunder, and also an additional two per cent.
 XI
 It is further mutually agreed between second and third parties that all the moneys collected and to be collected by second party from the assessment levied upon the 9th day of June, 1901, being assessment No 1. of second party shall be paid by the treasurer of second party to third party, to be used by third party in the construction of the canals and laterals to be constructed by it hereunder.
 Third party hereby agrees that it will at the option of the stockholders of second party paying said assessment No. l, credit said stockholders with the amount so paid by them upon their obligations to third party last falling due or issue to such stockholders receipts as hereinafter pro- yided.
 XII
 It is hereby mutually agreed between parties hereto that third party may from time to time issue receipts to the stock holders of second party for the amount of assessment No. 1, paid by them and for labor done money paid or other obligations of third party to the stockholders of second party and that second party shall receive such receipts at par from it's stockholders, in payment of it's assessments, levied by it for the amount to be paid to first party for water furnished by first party to second party, and that first party will receive said receipts at par from second party in pay ment of second partys obligations to first party: Provided that the fact that such receipts may be used as above specified shall be stated upon the face of each receipt issued hereunder.