Arizona republican., 1917-07-23

essential part thereof in full compli- ance with law and the provisions of this agreement, during all the time it shall have such charge of the same under the provisions of this agreement, in such manner that the same and every part thereof shall remain in as good and efficient condition. and of equal capacity for the storage, development, diversion and distribution of irrigation water and for the service of electric energy as the same is now, at it's own cost and without cost to the United States, (provded that said association shall not be required to maintain the capacity of the Roosevelt reservoir so far as that may be diminished natural ly by the deposit of sit therein by the Salt river Tonto creek and other tributaries thereto), and provided further that the association shall not be required to make any replacements. renewals or napairs which may be made necessary by injury to or de- structiOn of said works or an essential part thereof by public enemies of the United States or by the United States itself as war measure. That it will promptly pay all such cost of the care,
 
 ect, as it is incurred. That it will make no substantial change of any of said works, without first having ob- tained the consent thereto, to be ex- pressed in writing, of the secretary of the interior. It may, however, con- struct additional works. at it's own cost without the necessity of procuring the assent of the secretary of the interior of the United States provided that such additional works shall not in any wise impair or diminish the present eff ciency or adequacy of the project for the purposes for which it has been designed, constructed and acquired. Fourth-The association shall re pay to the United States the cost of the construction and acquisition otherwise of said project promptly and without default
 Such cost shall be computed on the | basis of a net balance due the gov ernment on that account on the 1st day of January, 1917, of $10,279, ,1909S To this there shall be added any sums expended by the United States, or the cost of which it shall have incurred, on account of the construction, care, oper- ation and maintenance of said project during the time elapsing between said 1st day of January, 1917, and the date upon which the association shall take over the care, operation and mainten- ance thereof, under the provisions of this agreement. If the expenditures for operation and maintenance of the irri- gation system shal be greater or less than the receipts from rentals up to the time when the project is turned | over to the association, the difference sl.- the association in case of d deficit, or the difference shall be credited on the first installment in case of a surplus. Such adjustment to be made December 1, 1917.
 The exact amount of the balance of such construction cost shall be com puted to the date of the taking over by the association of the care, operation and maintenance of said project, and then Stated in writing by the secretary of the interior to the association, and the amount so stated shall be deemed to be the net cost of said project which the association agrees to pay the United States.
 Such payments shall be made in an- Eual installments as follows: Two per cent thereof on or before | December 1st 1917. Two per cent thereof on or before l December 1st, 1918. 1 Two per cent thereof on or before 1 December 1st, 1919. Two per cent thereof on or before December 1st, 1920.
 i Four per cent thereof on or before December 1st, 1921. Four per cent thereof on or before December 1st, 1922. | Six per cent thereof on or before December 1st, 1923 Six per cent thereof on or before December 1st, 1924
 Six per cent thereof on or befor, | December 1st, 1925.
 Six per cent thereof on or befor, 1 December 1st, 1926.
 Six per cent thereof on or befor,
 December 1st, 1927.
 {, Six per cent thereof on or befor, 1 December 1st, 1928
 Six per- cent thereof on or befor,
 December 1st, 1929
 Six per cent thereof on or befor
 December 1st, 1930
 Six per cent thereof on or befor December 1st, 1931
 Six per cent thereof on or befor December 1st, 1892.
 Six per cent thereof on or befor December 1st, 1883. l Six per cent thereof on or befor December 1st, 1894.
 Six per cent thereof on or befor
 December 1st, 1885.
 Six per cent thereof on or befor
 December 1st, 1936.
 A l without interest.
 The association shall pay all penal
 ties which may be prescribed by tn
 reclamation law for individual delin Iquencies.
 The United States will and does re
 serve the means given to it by tn reclamation laws to enforce payment of installments of construction costs
 and will at it's option, in case of indi