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• S <br /> TESS ACSEXIMMT, made and entered into this r- day of <br /> rebrmary, Ills, by and between h7WAM h. MIChuL, party of the <br /> first put (hereinafter referred to as 'Seller") and Tt! CITY Or <br /> LOUXSVILLS, a Colorado mmniaipel corporation, patty of the second <br /> II pert (hereinafter referred to as "Purchaser") . <br /> WZTSISShs ? Et <br /> WIDEIXAS, Seller is the owner of one 11) share of the capital <br /> stock in the Davidson Ditch Company, a mutual ditch company <br /> LL� organised under the laws of the State of Colorado, and <br /> MIESIAS, each of the shares outstanding in the company <br /> represents a proportionate interest is the rater rights pri- <br /> orities decreed in the name of said company, and <br /> WIZ51 S, Seller desires to sell said share; and <br /> WU*ZA$, Purchaser desires to purchase said share for the <br /> purpose of using the water derived therefrom in its municipal <br /> water utility system, <br /> M011, mums, for and in consideration of the premises and <br /> the mutual promises hereinafter contained. the parties hereto <br /> agree as followst <br /> 1. Seller agrees to sell and Purchaser agrees to purchase, <br /> free and clear of liens, tares, assessments and encumbrances and <br /> subject to the conditions hereinafter set forth, one 11) share of <br /> stock in the Davidson Ditch Company, said water right being <br /> represented by stock certificate no, f47, dated September 19, <br /> 1993. <br /> 2. The purchase price shall be One Thousand Dollars <br /> (91,000.00) per share for a total purchase price of on' tVOCSAWD <br /> DOLLMJ (11.000.001 payable by Purchaser's check at closing. <br /> 3. Seller warrants that she has good and sufficient title <br /> to the subject water right, has the right and privilege to sell <br /> tee rams, that there are no liens against the subject water <br /> right, and that all current assessments are paid. <br /> 4 <br />