Imperial Valley press and the Imperial press., 1906-06-02

pany lt Is also true that at that time there was a disagreement in 'he dI- rectorate of the California Develop ment company and that some of It's | directors were more Interested la mak- | lng the water stock valuable than In keeping the advantages already held by the Mexican company and the Cal lfornia Development company in the deal as It then stood Out of all the purposes and cross purposes that then existed the following contract was evolved which considering the condl- tons under which 1t was drawn and what had gone before It Is a most re- markable document We herewith present ihs said contract in full in or- der that we may make some observa- tlons In regard to Its scope and effect
 On the 9th day of April, 1900, con tract was entered into between La So- ciedad de Yrrigacion Terrenos de la Baia California (Sociedad Anonima) and Imperial Water Company No. l for permanent water supply from the Inn peria Canal System, the Mexican Cor poration above named being the com pany owning that portion of the I'm perial Canal System located in Lower California.
 On the 28th day of December, I9OO, contract was made between the Cali fornia Development Company and La Sociedad de Yrrigacion Terrenos de la Baia California (Sociedad Anonima) by the terms of which the first named cor poration agreed to furnish water to the Mexican corporation for use on lands in Lower California and also to supply water to the Mutual Water Companies for use in the State of California.
 On the 24th day of July, 1901, con- tract was entered into between La Socl- edad de Yrrigacion y Terrenos de la Bala California (Sociedad Anonima) first par ty, Imperial Water Company No. l sec ond party, and The California Develop ment Company, third party.
 The first two contracts above named are attached to this last named contract as "Exhibit A" and Exhibit B, and made part of this contract.
 Following is copy of the last named contract with Exhibits CA" and "B" attached thereto.
 THIS AGREEMENT, Made and en- tered into this 24th day of July, 1901, at the city of Los Angeles. California, by and between La Sociedad de Yrriga- cion Terrenos de la Baja. California | (Sociedad Anomina), a corporation, or ganized and existing under the laws Of the Republic of Mexico, party of the first part, and Imperial Water Company Number 1, corporation, organized and existing under the laws of the State of California, party of the second part, and The California Development Company, corporation, organized and existing under the laws of the State of New Jer- sey, and having the principal place oi business of it's Directors in the city ot Los Angeles, State of California, party of the third part,
 WITNESSETH: That,
 WHEREAS, upon the 9th day of April, 1900, parties of the first and sec ond part hereto entered into an agree ment, whereby party of the first part agreed to deliver to party of the second part certain amount of water, not ex- ceeding four hundred thousand (4OO,O0O) acre-feet annually, and whereby party of the second part agreed to allow party of the first part to sell the capital stock of party of the second part; copy of which agreement is hereto annexed marked "Exhibit A" and made part hereof;
 AND WHEREAS, upon the 2Sth day ot December, 1900, party of the third part hereto, entered intoa certain agree ment with party of the first part hereto whereby party of the third part agreed