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City Council Agenda and Packet 1988 08 02
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City Council Agenda and Packet 1988 08 02
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3/11/2021 1:46:59 PM
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1/15/2010 11:25:07 AM
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City Council Records
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City Council Packet
Signed Date
8/2/1988
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CCAGPKT 1988 08 02
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• <br /> Irrigation Company presently represented by certificate nit. r: <br /> I. "Phi purchase prior shed be fight Thousand Dollar* <br /> ($0,000.00) per share for a total purcha o price of Sixteen <br /> Thousand Dollars ($14,000.00) . mo parties shall hold a closing <br /> on or before August 31, 1900. At said closing, Purcbassr shall <br /> de],ivor to Seller its check in tho amount of Your Thousand <br /> Dollars 04,000.00) , made payable to seller. Simultaneously, tbd <br /> Sealer shall deliver to 0 rc hae r its original fitece <br /> • together with • p ola sly *aria i steep taraseie, ceder esri+petln '• C, <br /> said 0.0 Shares to Purchaser. Purchaser shall also deliver Se . <br /> Seller, Two (3) pecalsoori notes sack is the twe amount et . <br /> $4,000.00, dated as of the closing data of this sale orient, <br /> numbered sequentially, each secured or One (1.0) share, <br /> cumulatively totalling $12,000.00. Interest shall be computed at • <br /> a rata of 7.50 which Purchaser represents to be currently aorstar- <br /> abie. The actors shall *aft be payable in five equal annual <br /> payment* of $1,40244. <br /> 3. Upon receipt of a new stock certificate issued to the <br /> Purchaser, the parties shall place the orrtifioati, alone with a <br /> stook assignment fors executed in blank by Purcheeer, in escrow <br /> with Stephen T. Williamson, 013 Min Strut, Louisville, Colorado <br /> $0037, escrow agent to be held as security until payment in full <br /> by Purchaser. The parties agree to execute eoorm instructions <br /> in the fors attached hereto as #odtibit 0A° and incorporated <br /> herein by this reference, <br /> . 2 <br />
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