New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1918-05-17

shall h applied to reduce the payment
D.. -r. ior timber in excess of such
mini-,uy amount in any future year OF
years in which, at the request OF the
!''~h1-r an 'xcess shall be cruised' u
the r qu st of the Purchaser in any one
ar al txcccd ten million 100000 o)
.. raym MT shall be made on December
= n ar for such excess Tor
6. In he event that the purchaser shall
b. un illing to accept the cruisers es-
=. basis for payment for the timber,
= hall be made at the ex-
I'm II Purchaser, by one cruiser
nam : by the Commissioner and one named
by h Purchas r. and the amount OF
:. b. lus determined may be taken as
h basis Of settlement, but acceptance or
r II same must be made by the
hin thirty Co} days OF re-
ceip Of copy of report OF joint cruise
by II h cruise be cut or removed un,,
il ~ un Of s,umpage has been agreed
upon; and if the parties shall then be
4 amour. dele rmin
cd by such joint cruise. the COMMISSIONS
sla. 90. ma a scaler to be paid by the
Fur. - h, shall mark the timber to
b. pa. for AMI scale and measure the
sam by The Scribner Decimal c Log Rule
N use in this district by the
81. Forest Service; and in the
event of a scale being had as provided
FIR h r IN all Of the live standing timber
more inside he bark. three (0 feet from
the ground, on any section shall be seal
ed an! paid for. All live trees ten
QO. ln~n-s or more in diameter inside the
bark cr,e g.. fee. from ths srog Th !.
Purchas,r shall then pay for all such
timb,r as determined by said scale and mark
ing. Within thirty 800 days after the
comm,nc"m,n of the cutting on a sec,
ii IL > . X - all ,in.b r mark d an !
uncu shall b. measured and estimated by
n. paid for by the Purchaser
No deGuc.i n for detective timber, or logs
shall b mas IN scaling or settlement.
7. No. hing herein contained shall operate
to pr, n. h. Clmmissione from order
ing a. his ,xp-ns, a scale OF the timber
b ing 50 1r Tered and made, the Purchaser
shall T.. n h. basis OF the scale and
not on the basis Of the cruise,
TIL Commissioner shall designate by
mark.n.s II irbr to b. cut when set
tlcm,n. is to b. made on the basis of
Paragraph SIX (d), and all OF such timber
shall b pai4 for by The Purchaser wheth,r
8. The word section" as used in this
con rae. shall b. construed to mean all
of The ian in any on: section which is
ton or otherwise.
The ri umpagc" as used in this
agreement, shall be construed to mean the
# .lmb r in board feet, deternin-
ed by cruise, scale. or estimate, as pro
vided for herein. {,
9. The purchaser shall be entitled to
rn,.,,a "a Ja,l fr apu ri the 1apIc cnypr-
ed by this contract.
a. When payment in full for all lands
and all limb. shall have been made as
have the privilege Of making full payment
at any time for all the lands and timber,
and shall thcroup n receive a deed in fee
simple for such lands and timber.
b. AT any time after the date of this
agreement the Purchaser shall be entitled
10 a decd for all of the I'm IS own! ~
he State in any one township affected by
his con ract upon full payment for lands
md tin b-r in such township.
C. At any time after the date of this
agreement, the Purchaser shall be entitled
% a deed for any number OF outlying
or sections forming exterior
,oun of the lands described herein,
T selection shall be made by the Pur-
SO as to clean up a line Of bound
Try sections running East ana west or
North AM South, as further explained thus:
or instance. in Township u North, Range
2 West, the Purchaser must select first
i'hor $ ctions IL and "a or 2, 4, and E,
The Purchaser agrees to select, If any,
MS hrs and tn, n
ater to select those sections adjacent and
ying next toward the center OF the town.
hip. But no deed for such lands shall
e given by the Commissioner until all
f such sections and the timber thereon
hall have been paid for in full. as herein
10. Before this contract is delivered
he Purchaser agrees to deposit with the
commissioner, as a guarantee for the faith.
erms hereof, a check in the sum OF
'wenty. Five Thousand Dollars t$25,OOO.),
by a national bank, or banks, in
he State of New Mexico, each OF which
have a capital paid in OF not less
han FIJI y Thousand Dollars (~$s0,0OO.), with
surplus of not less than one.half of
he paid-u up capital; but the Purchaser
lay substitute at any time in lieu of
UGH certified check Twenty Five Thous.
nd Dollars ($2s, 000.), OF United States Gov
rnment Bonds. Only coupon bonds will
e acceptable, but the Purchaser shall be {