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<br />", ~ '! <br /> <br />~ (~::j' ; <br /> <br />IN RE: <br /> <br />IN THE UNITED S'fATES BANKRUPTCY COURT:- <br />FOR THE DISTRICT OF COLORADO : <br />l_ <br /> <br />? a <br />, v <br /> <br />Wamsley cattle Company, <br />A Corporation, <br />EIN 84-0491966 <br />Debtor. <br /> <br />Inc. <br /> <br />) <br />} <br />} <br />} <br />} <br /> <br />SRADFC: <br />i C~~E! 'Mo': <br /> <br />88 'B l263'3:A <br /> <br />Chapter 12 <br />MC No. KSC-Ol <br /> <br />ORDER GRANTING DEBTOR'S KOTION TO OBTAIN CREDIT <br />AND TO APPROVE SUBORDINATION AGREEMENT <br /> <br />This matter comes before the Court on the Debtors Motion to <br />Obtain Credit and to Approve Subordination Agreement, (Motion) <br />and the court finds that no timely objections were'riled, and <br />that good grounds exist for granting the Motion; <br /> <br />IT IS HEREBY ORDERED: <br /> <br />1, That the Motion is grantedi <br /> <br />2. That the Debtor may obtain the requested Credit from the <br />State of Colorado in the sum of $45,000 for purposes of <br />rehabilitating the Pole Mountain Dam and Reservoir, pursuant <br />to the terms of the proposed Agreement. <br /> <br />3. That the State of Colorado shall be granted as collateral <br />for the loan a first and paramount lien on the Reservoir, <br />surrounding land and appurtenant water rights, described as <br />,follows: <br /> <br />SW 1/4 of SE 1/4 of Section 5 <br />SE 1/4 of SE 1/4 of section 5 <br />NE 1/4 of NE 1/4 of section 8 <br />1<W 1/4 of NW 1/4 of section 9 <br />W 1/4 of SW 1/4 of SW 1/4 of section 4 <br />Township 6 North, Range 81 West of th~ 6th P.M. County <br />of Jackson, State of Colorado <br /> <br />Consisting of 180 acres, more or less; together with <br />the reservoir storage rights, improvements to be made, <br />and all easements and other rights pertaining to it. <br /> <br />4. Farm Credit Bank shall subordinate its liens as to the above <br />property so Debtor can grant a first lien thereon to the <br />State of Colorado, <br /> <br />5. <br /> <br />The Subordination Agreement <br />other documents necessary <br />shall be executed promptly <br /> <br />attached to the Motion, and any <br />to consummate the transaction <br />by the respective parties. <br /> <br />Dated:,A, J, .;1.1 11'9.3 <br />I . <br /> <br />BY THE COURT: <br /> <br />5~ ~cr.n1r <br /> <br />United S~ates Bankruptcy Court Judge <br /> <br />NOTICE Of' ENORY o~ Docr-a <br />....,~:ce i~ Hp.r~by Givon th3t ~U:-SU~i:t tc R~t;e s-~n.2. <br />. :-- r'? tl1e ~rEg~,!n;; OrC~!' of JUc!s:~':'i\t ~'/~S <br />'_, '9-.+9' "1 ') r--. <br />. " r <br /> <br />EXHIBIT B-1 <br />