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SALE AGREEMENT <br /> THIS AGREEMENT, made and entered into this c�4�qq _ Y a of <br /> I <br /> , 1957, by and between HERITAGE HOMES AND DEVELOP- <br /> MENT', "L of a Colorado corporation, party of the first part <br /> (hereina ter referred to as "Seller") and THE CITY OF LOUISVILLE, <br /> a Colorado municipal corporation, party of the second part <br /> (hereinafter referred to as "Purchaser") , <br /> W I T N E S S E T H : <br /> WHEREAS, Seller is the owner of 9.0 shares of the capital <br /> stock in the Goodhue Ditch and Reservoir Company, a mutual ditch <br /> company organized under the laws of the State of Colorado; and <br /> WHEREAS, each of the shares outstanding in the company <br /> represents a proportionate interest in the water rights <br /> priorities decreed in the name of said company and in the other <br /> rights and privileges of said company, and <br /> WHEREAS, Seller desires 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 <br /> water utility system, <br /> NOM, THEREFORE,' in consideration of the premises and the <br /> mutual promises hereinafter contained, the parties hereto agree <br /> as follows: <br /> 1. Seller agrees 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, 9.0 shares of <br /> stock in the Goodhue Ditch and Reservoir Company, said water <br /> right being represented by stock certificate no.3Do1. <br /> 2. The purchase price shall be Five Hundred Dollars <br /> ($500.00) per share for a total purchase price of FOUR THOUSAND <br /> FIVE HUNDRED DOLLARS ($4,500.00) payable by Purchaser' s check at <br /> closing. <br />