The Holly chieftain., 1910-08-05

A. eSreeQ that upon the fll1ng with
tne eet0 DISTRICT of the acceptance of
the Thtrd Proposition by the Company.
and its election TO proceed hereunder,
trct s sarsty BOND ' eond Ma .he as res
ssrict sor % use. IN the full sum Of
0x7e. eee.eel Dollars. with good and
ssid - ssreties to be approved by
II . EsstAer Agreed on the part of
H. U41f1ef that in order to provide full
Y 81 ~ casrytng out of the provisions
cona!4se4tas herein stipulated. and to
Dsas - ~ costs and expenses Of ac-
Sui9G n4A9s q way as herein provided;
ssss.sssss q the a said Bistret t iaa
~ ne4sa - Directors of the said Dis
s ~ 1sW S14hln fifteen q5l days from
~ eete hNgoof. call and cause to be
l1Afea9tee bel4 special election in SD
Oee0eces ~ witch election there shall be
St ~ es esa rs of not s ibs
- ~ raid District shall be issued
y - isXo91t 70 be determined and stat
$1,000 nv. based upon a minimum
ac94qU4 ~ e4Ghty thousand 100000 acres
~ - nsue of not more than forty
04@,S4t eoNAss per acre, and that they
~ l4Ht 49, and proper notice of such ,
SeeSssW SD bold the same as provided
s4 = sus.tion Of sue the eis ssuance Of
nsjoEity 4 tie legal electors Of said Dis
6stsrnlnel fron canvass Of the votes
eaAt ~ ~ election. the said Board of
Isfsctoss ,shail Immediately cause to be
ueepafed bonds In such amount. bearing
IN Rer csat. go interest per annum.
Daya4se 1feM.ennually and in series as
$500 -, E ssw abs to run 1 from s the
tN1& ~ tha oame election and upon due
~ prapsr notice the said Board of d.
On On = Us aid District this contract. and
~ question whether or not this contract
s&aM - approved. ratified and confirmed
q lSevldsd " law:
46a Cesa1sny hereby agrees to fur
nash ~ tbs materials. labor and appli-
pafeeENo1. IN accordance with those GER
tA4e UiAme and specifications as referred
20 hsgela and to do and perform all
G0e4 N0f8 In this contract mentioned.
ana ~ s4nhstruction, In plain, substan-
tiel anA Workmanlike manner The total
e pc paid under and for pro po,
~ ahy 9vent exceed the sum of two mil
lea s1eht hundred thousand dollars t$2.-
S $1,000 zee in bonds of the District at
The Company agrees to complete all
t3e WORK and construction herein. pro-
ySesd TO be constructed by the Company.
and n the manner and form aforesaid,
On o. hefore the first day of April. 1912.
TIE Company hereby expressly agrees
to turn over to the District all the res
eSvoirs. bitches and works and appurte-
nancss thereunto belonging. which are
) tQ0 8u0Jecl matter OF tnlS contract, upon
flnai completion of ali the work hereby
contracted for, free and clear of and
frpan all liens and claims of every ma
ture, against the same, arising out of la
4 bor o. supplies furnished. or from any
other cause, In the prosecution Of the
Il IL mutually understood that this
contEAct is executed and delivered sub
1ec4 70 the authorizS ton and ratification
4 ~ the electors of The Mammoth 1rriga,
that the works and construction herein
cphteNplated are Subject to the approval
/ ~ ~ Board of Directors of said Dis
~ expressly agreed that Item No.
IA me schedule of subdivisions, enti-
sbsSs ~ the said District. be changed
1 ffC4 = siphon to grade crossing any
scxeaa9 Of actual cost over and above the
b saAd 4fx hundred dollars ($9,6O0.0O) to
b paid by the District.
AZ after acquired rights or titles per
SuT4a % the benefit of the District herein,
without any additional cost to them. and
a conveyance shall be duly executed
~ made by said Company to said Dis
fr1ct and delivered to said District on
Or before the completion Of the said con-
Il is mutually understood and agreed
" and between the Company and the
hen. held and considered as an entire
ana inseparable contract as to the vari-
0Ue parts and portions OF the cOnstruc-
N0A required after said Company gives
NoStee to said District that they will en-
/ ~ aspon the third proposition in this
,bs bein are ss so eam
I Ssse any portion OF said work shall be
Didered failure to complete said ir-
L GMkion system required by this con-
q III the event that the bond issue shall
~ three million four hundred thousand
pllars lss49o ooooo then her o two huno aesd
knAA issue shall not be used for any
Other purpose. except IN and ABOUT deyel-
ana r. after the Mammoth King Res
efvoir is developed, there is a surplus. it
NAY be used for any lawful purpose Of
it's hereby mutually agreed and I'M
06fStDod, by and between the parties
ksre9O, that all of the bonds deposited
with the Trustee of the District, under
the terms hereof, and the proceeds de-
HvsA from the sale of any such bonds
depSssted with the Trustee; shall be and
u seonsidered to be at all times as
RsrAfAte and distinct fund. separate and
Sp6ft from any other fund. property or
assetS Of the Trustee and shall be re,
4AlnAd by the Trustee. separate and
sr1rf from Its other funds and assets:
ana subject at al times, and ,n subject
This contract shall be binding upon
the successors In interest, or assigns. OF
the parties hereto. subject to all the con-
dfttone contained herein.
&s n Witness Whereof. The Purgatoire
Development Company has caused these
& presents to be signed by its corporate
name by its President and It's corpora ,,',
its Aecretary, the said officers being
theredanto duly authorized: and said The
Nammoth irrigation District has caused
pOrafe name, by It's President. and its
corporate seal to be hereunto affixed. at