(Download) "Allardice v. Adams County" by Colorado Court of Appeals ~ eBook PDF Kindle ePub Free

June 14, 2021

eBook details

Title: Allardice v. Adams County
Author : Colorado Court of Appeals
Release Date : January 16, 1970
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 68 KB

Description

Adams County, pursuant to the Act, adopted a resolution which authorized and approved: (1) the issuance of bonds in the aggregate principal amount of $2,000,000; (2) use of the bond proceeds to acquire an agricultural feed plant (Ralston Purina Project); (3) the execution of a Lease and Agreement with Ralston Purina Company providing that the lessee pay rent sufficient to pay all bond obligations as they become due, maintenance of and insurance on the project, and an amount in lieu of, but equal to, taxes on the project; and lessee having the option, after the bonds are paid, of buying the project for $1,000; and (4) a mortgage and indenture of trust, naming a private out-of-state trustee, covering all project properties, revenues, and the lease, to be executed by the county as mortgagor to secure payment of the bonds.