(Ilr-646) (1) THIS CONTRACT, made this 26th day of April, nineteen hundred thirty, pursuant to the Act of Congress approved June 17, 1902 (32 Stat., 388), and acts amendatory thereof or suplementary thereto, all of which acts are commonly known and referred to as the reclamation law, and particularly pursuant to the Act of Congress approved December 21, 1928 (45 Stat., 1057), designated the Boulder Canyon Project Act, between THE UNITED STATES OF AMERICA, hereinafter referred to as the United States, acting for this purpose by Ray Lyman Wilbur, Secretary of the Interior, hereinafter styled the Secretary, and, severally, THE CITY OF LOS ANGELES, a municipal corporation, hereinafter styled the City, acting for this purpose by its Board of Water and Power Commissioners, and SOUTHERN CALIFORNIA EDISON COMPANY LTD., a private corporation, hereinafter styled the Company, both of said corporations being organized and existing under the laws of the State of California, and hereinafter styled the Lessees: WITNESSETH: EXPLANATORY RECITALS (2) WHEREAS, for the purpose of controlling the floods, improving navigation and regulating the flow of the Colorado River, providing for storage and for the delivery of the stored waters for reclamation of public lands and other beneficial uses exclusively within the United States, and for the generation of electrical energy, the Secretary, subject to the terms of the Colorado River Compact, is authorized to construct, operate and maintain a dam and incidental works in the main stream of the Colorado River at Black Canyon or Boulder Canyon, adequate to create a storage reservoir of a capacity of not less than twenty million acre-feet of water; also to construct, equip, operate and maintain at or near said dam, or cause to be constructed, a complete plant and incidental structures suitable for the fullest economic development of electrical energy from the water discharged from said reservoir; and (3) WHEREAS, after full consideration of the advantages of both the Black Canyon and Boulder Canyon dam sites, the Secretary has determined upon Black Canyon as the site of the aforesaid dam, hereinafter styled the Boulder Canyon Dam, and has determined that, the provision for revenues made by this contract, considering all of its provisions, including Article sixteen (16), together with other contracts in accordance with the provisions of the Boulder Canyon Project Act, is adequate in his judgment to insure payment of all expenses of operation and maintenance of the Boulder Canyon Dam and appurtenant works incurred by the United States, and the repayment within fifty (50 years from the date of completion of said works of all amounts advanced to the Colorado River Dam fund under Subdivision (b) of Section (2) of the |