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r - ,• .. - . - °- -, r '1. .dl. 4- <br /> . _ _ ..ilfr _ <br /> • <br /> - SALE AGREEMENT .r <br /> THIS AGREEMENT, made and entered into this day of <br /> April, 1979, by and between Howard Dialer and Joan Sheley, parties <br /> of the first part, hereinafter referred to as "Sellers" and the <br /> City of Louisville, party of the second part, • Colorado municipal ,. <br /> corporation, hereinafter referred to as "'Purchaser*, . - <br /> WITMESSETH: <br /> WHEREAS, Sellers are the owners of fifteen (15) shares of <br /> capital stock of the Leyner Cottonwood Consolidated Ditch Co., a <br /> mutual ditch any organised under the laws of the State of <br /> Colorado; and <br /> WHEREAS, each of the 4,264 shares outstanding in said company <br /> represents a proportionate interest in the following water rights <br /> priorities decreed in the name of said company: <br /> Date Amount Use <br /> April 1, 1865 30.00 cfs Irrigation <br /> April 1, 1866 15.58 cfs Irrigation <br /> October 1, 1870 21.14 cfs Irrigation <br /> WHEREAS, Sellers desire to sell said shares; and <br /> WHEREAS, Purchaser desires to purchase said shares for the <br /> purpose of using the water derived therefrom in its municipal water <br /> utility system; <br /> Now, THEREFORE, for and in consideration of the premises and <br /> the mutual promises hereinafter contained. the parties hereto agree <br /> as follows: <br /> 1. Sellers agree to sell and Purchaser agrees to purchase, <br /> free and clear of liens, taxes, assessments, and encumbrances and <br /> subject to the conditions hereinafter set forth, fifteen (15) shares of <br /> stock in the Lsyner Cottonwood Ditch, said water right being represented <br /> by stock certificate No. 593, dated March 2, 1979. <br /> 2. The total purchase price shall be Seven Thousand, live <br /> Hundred Dollars ($7,500.00) payable by a check drawn on the account <br /> of the Purchaser at the time of closing. <br />