| Show Sale of Ranch Complete After Session Today Sale by Moab City of the Som- Som erville ranch property west of Moab to La Sal rancher and livestock livestock livestock live live- stock man George White was completed today after a special meeting of the city council according according ac ao cording to word received from the city offices The sale was closed with the payment of at in cash and terms for an equal amount to be paid by September 1 I The original original original nal terms of the sale as stated in last weeks week's paper outlined that th the payment of would be made initially This portion of the total amount of to be paid for the cattle permits acres of land and part of one spring constituted the purchase pur put chase of the fhe cattle and permits I Payment of will b be made today according to the report report re re- re- re port the September 1 note for to be secured by the return return return re re- re- re turn of the grazing permits 1 If not paid 1 The remaining will be paid over a period of five years The buyer agrees to pay 2500 per year for five years the remainder remainder remainder re re- re- re of the to be he paid at the end of that time The transaction constitutes an outright sale of the properties it was brought out and not an any type of 01 lease agreement as was stated last week Moab city bought the acre Somerville ranch several months ago from Mr and Mrs Lloyd Somerville for the purpose of acquiring acquiring acquiring ac ac- ac- ac quiring water developed In springs on the property Included in the purchase which was made at the cost of was the acquisition acqui- acqui of some summer am and winter grazing permits and a number of cattle |
