Contractor mortgage and security provisions in contract text
The passage details refunding differences to the Contractor after final settlement, pro rata cost sharing for reservoir, and security for performance. It specifies a ten dollar per acre foot surety bond, mortgage options on described ditch or canal property, and director-approved securities to back payments.
Contract Terms for Water Reservoir Lien and Default Rights
The United States consents to subordinate liens on the Contractor’s ditch or canal property to secure payments up to ten dollars per acre foot, as defined, with pro rata cost sharing for the reservoir. If the Contractor defaults on installments or if the contract is terminated, the interior secretary may cancel rights and the United States will assess damages. If funds are insufficient, the Contractor and remaining parties may assume the defaulting party’s share pro rata, and water allocations are governed by defined proportional shares from the American Falls reservoir.
MENTIONED IN THIS ARTICLE
United States
United’ States
American Falls
Ees
America Pulls
American Halls
American Halls-eservoir
Secretary of the Interior
Falls Reservoir
Prorata
United ‘States
Water delivery terms and contractor water rights
The fragment outlines delivery timing for water, the contractor’s option to notify state officers about daily flow, and the transfer of ordering authority for stored Snake River water. It covers deductions for alleged diversions, delivery measurement at outlets, pro rata sharing for losses, and notes on the distribution of stored water associated with Milner dam.
MENTIONED IN THIS ARTICLE
Agen
Snake River
United States
Lessea
Milner
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