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upr000037-014
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I agree.Basic Management, Inc., and the President and Secretary shall at that time Insert the correct date of said agreement of sale in the blank spaces provided in Paragraph 5 and in the "Consent, Approval and Agreement" of said "AGREEMENT FOR THE DELIVERY OF WATER". (2) That said agreement of sale shall provide for the sale and conveyance to Basic Management, Inc., of certain property, including the water facilities of Basic Magnesium Plant and appurtenances and appurtenant work, for a purchase price not exceeding $5,037,000.00, plus such sums as may be actually required by the Colorado River Commission to defray its expenses of winding up its administration of Basic Magnesium Plant, said purchase price to be paid in periodic installments to end not later than April 1, 1968, and to be evidenced by delivery to the seller of a promissory note secured by a Deed of Trust covering the property conveyed. Section 3. That the Secretary shall, and he hereby is directed to, attach a certified copy of this resolution to said proposed "AGREEMENT FOR THE DELIVERY OF WATER", and to deliver one certified copy of this resolution, together with said proposed agreement, to Basic Management, Inc., and ©Recertified copy thereof to the Colorado River Commission of Nevada. 2-