The Holly chieftain. (Holly, Colo.) 1897-1987, 1910-07-22

SbsSiP - Dy the said Board. the Same
u Ibis c|r',nIe" 10 and become a part
IL Is agreed that uuo,, IT, .,t.
rTe I'LL District of the arcantaScs ~ ~
ana ~ itnposltioH by the Companv
The ComnsTTt,iio h TO Proceed thereunder'
unirs, - surety bond conditioned az rs
trirt To-. Jaw and payable to said his
Two IJ1'nd d. use, In the full sum of
sS,t.tcV.eoO.OOJ Dollars, win ena oasaI9 no
said Rns =, shfeties to be approved by
M H Ms as Further Agreed on the mar, =,
Inc district that in order Ia t nro,I part OF
If ri me carrying out of the nrovisions
consid.ratio oiact and the payments of the
provide for ioi ms. herein stipulated. and to
a aun rights of way as herein nSovidaS
expenditu ins other OF r, lawful purposes and
me Board of Directors of The seia mat ma
he tiet VIII within fifteen u5l DAYS from,
therea 1te hereof a,S call and cause to be
District a, h eG, special election In SD
smhmi,t az which election there shall be-
nis,, it.eu 10 the legal electors of ssid
hstIlct the question whether or NOT the
in an a an ame sad District shall be issued
nu " me said Board of Directors az
pdoSlued by law, based upon a minimum
and ast OF eighty thousand $50. OOO) acres
1 1ttn a. pond issue Of not more than FORTY
Sffiv'ogl dollars per acre and that they
VIII give due and proper notice oS smcb
h w Iaoi ahd hold the same as provided
hi.tains the question of the issuance Of
ponds OF said District as aforesaid a
, r;aJorlty OF the legal electors of said Dis
srlct shall have voted "Bonds-Yes'' an
determined from a canvass of the votes
East AT said election, the said Board Of
n n,aeetofs shall Immediately cause to be
SIX per cent. (6%) interest per annum
payable emi.annually and in series as
nfroY'd hsl by law. and to run from the
that at the same election and upon due
and proper notice the said Board of d.
rec or IS, shall submit to the legal elect
shall be approved, ratified and confirmed
by the legal electors of the said District
as provided by law:
The Company hereby agrees to fur
nlsh all the materials, labor and appli-
ances, and to perform or cause to be
tain plans and specifications as referred
10 herein, and to do and perform all
such work in this contract mentioned,
and all construction. in plain. substan-
tlal and workmanlike manner. The total
amount to be paid under and for Propo-
sitlons l, 2 and 8, inclusive, shall not
IN any event exceed the sum of two mil
lion eight hundred thousand dollars (s2-
eOO,O0o0O in bonds of the District. at
par value.
The Company agrees to complete all
vided to be constructed by the Company.
and In the manner and form aforesaid,
on or before the first day of April. 1912.
to turn over to the District all the res
ervoirs. bitches and works and appurte-
nances thereunto belonging. which are
final completion of all the work hereby
contracted for, free and clear of and
from all liens and claims of every ma
Dor or supplies furnished, or from any
other cause. in the prosecution OF the
work.
contract is executed and delivered sub
tect to the authoriHS tion and ratification
Of the electors of The Mammoth lrriga.
that the Works and oe eonstruetion herein
Of the Board Of Directors Of said Dis
trict.
It is expressly agreed that Item No
II of the schedule Of subdivisions, enti-
tied The Sand Creek Siphon, may. at the
option of the said District, be changed
from a siphon to a grade crossing. any
excess of actual cost over and above the
stated price for said Item Of nine thou
sand SIX hundred dollars C$9.600.00) to
be paid by the District.
Any after acquired rights or titles per-
tanning to said irrigation system shall in
ure to the benefit Of the District tt. herein
in case of real estate, the proper deeds
of conveyance shall be duly executed
ana made by said company 10 sara LIS
trict. and delivered to said DISTRICT on
or before the completion of the said con-
tract
1t is mutually understood and agreed
by and between the Company and the
District that this contract shall be ia
ken, held and considered as an entire
and inseparable contract as to the vari-
Gus parts and portions of the construc-
ton required after said Company gives
notice to said District that they will en-
ter upon the third proposition In this
contract contained, being generally
termed the canal. and failure to com
plete any portion of said work shall be
considered a failure to complete said ir-
rigation system required by this con-
tract.
be three million four hundred thousand
dollars 3.400. 100000 then two hundred
thousand dollars $500. 100000 OF said
other purpose except in and about devel-
oping the Mammoth King Reservoir;
and il, after the Mammoth King Res
ervoir is developed, there is surplus. It
may be used for any lawful purpose OF
the District.
1t is hereby mutually agreed and un-
derstood. by and between the. parties
hereto. that all of the bonds deposited
with the Trustee of the District. under
the terms hereof. and the proceeds de-
rived from the gale of any such bonds
deposited with the Trustee; shall be and
separate and distinct fund. separate and
apart from any other fund. property or
assets of the Trustee, and shall be re,
apart from its other funds and assets.
and subject at all times and subject
only, to the provisions of this contract.
This contract shall be binding upon
the parties hereto; subject to all the con-
ditions contained herein.
In Witness Whereof, The Puryatoife
Company has caused these
tn be signed by Its corporate