Water Rights and District Bond Agreement in New Mexico
The document outlines a contract between two parties regarding sixty six and four tenths cubic feet per second of water from the Illinois Ditch and fifty three and six tenths cubic feet per second for power use, to irrigate lands within a territorial irrigation district in New Mexico. It covers rights of way, capacity, bond issuance of up to four hundred eighty thousand dollars, and conditions for transfer, escrow, and completion of the ditch project with timelines and payments. The agreement ties to a Durango Colorado trust, specifies deed conveyances, and details contingencies if the first party cannot furnish the water rights or infrastructure.