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GENERAL42830
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GENERAL42830
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Last modified
8/24/2016 8:11:38 PM
Creation date
11/23/2007 11:59:56 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1977020
IBM Index Class Name
General Documents
Doc Date
2/15/1994
From
DELTA SAND & GRAVEL CO
To
MLRD
Media Type
D
Archive
No
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<br />the agreed purchase price of ^ift~r-si:: 5"~oi.:sanc~. (`55,000.00) Dollars. <br />}First party shall convr..y to the partnorhi_~ x:17. property <br />beinb acquired by hire from 1 ;~. lier:derson and C. ~. :ienderson, <br />copies of which are identified as chedale "C" as to real estate <br />and Schedule "D" as to personal property, a;iich property small be <br />taken by said partnership at the a~-ree% price oL Seventy-nine Thousand <br />Seven F?undred Sixty-one and 15%100 (,~7ta,761.15) - - - - - - - Dollars. <br />It is agreed that the partnership s:_all pay to ti.•e Colorado Sank and <br />Trust Company, existing indebtedness on first -'art;;'s coiaribution, <br />wizich debt ie in the amount of "'o;enty-n5..1c Thousand ~i~',nt i?undred <br />Sixty-nine an3 69100 (:;;29,369.69) Dollars and e;cistinc. indebtedness <br />on second party's contribution, .rl:ic'i debt is .i:: tha a;aount of Tvaenty- <br />seven Thousand Pive Hundred Tr~enty-seven .'.nd 50/100 (.;27,527.50) <br />Dollars and that said partnership small make all payments due on <br />said indebtednesses as is hoc: re:;uirea.. <br />It is further agreed that said nartncrohip s;-gall assume <br />and pay the indebtedness of first psrt~ to ~. ll. i:enc;ersoe and C. D. <br />Henderson in the a~uount of Tr:ent~--r.i::•e `-hous~:nd i:i~_~t r:undred ?iinety- <br />one and 46/100 (,;;29,891.46) - - - - - - - - - - - -collars, being <br />amount due said parties on seccnd iort:_,a~;e on property described in <br />Schedules"C" and "D" herein. In order to equalise tl:e investments <br />of the parties hereto, first part~~ a;rees to pay into said partnership <br />the stm. of LY?.ht Thousand Pcur i;tuidred ;~•vect~r-t;ro ~n-i 50/100 (.;x8472.50 <br />Dollars ir. cas.h. <br />3. The urofit of said p:~rt:~-ors~:ip s1~a11 oe computed <br />annually after payment of all expenses, fixed charges and debt <br />retirement during any fiscal year. <br />9. The investments ~:ade ned a]. ]. tra,:,sact _or:s cou_pleted <br />in the operation. of said bus-!~.,;ss n.r•.: to f±c r.,_~orted ~.. i?oo'.a of <br />account in accordance ~°rith st2,ndurd acco_mtin~; procedure. The <br />
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