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<br />32 <br /> <br />STATE OF TEXAS <br /> <br />CONTRACT OF SALE <br /> <br />COUNTY OF HAYS <br /> <br />This Agreement, made the 24th <br /> <br />day of <br /> <br />May <br /> <br />, 1982, <br /> <br />between James Cummings of Hays County, Texas, hereinafter <br /> <br />described as the Seller, and The City of San Marcos, Texas, a <br /> <br />municipal corporation located in Hays County, Texas, existing by <br /> <br />and under the laws of the State of Texas, acting through <br /> <br />authority conferred on its Mayor, Emmie Craddock, by Resolution <br /> <br />duly adopted on May 24, 1982 <br /> <br />, hereinafter described as <br /> <br />Purchaser, upon the following terms and conditions: <br /> <br />I. <br /> <br />Seller agrees to sell and convey, and Purchaser agrees to <br /> <br />purchase, all that certain plot, piece or parcel of land, <br /> <br />situate, lying and being in Hays County, Texas, described as <br /> <br />follows: <br /> <br />40 acres, more or less, out of the J.M. Veramendi <br />Survey No.2, Abstract M, and being a portion of <br />that tract of 100.13 acres of land conveyed to Frank <br />F. Sharp by B.F. Harper, et ala by deed dated August <br />9, 1947, and recorded in Volume 138, page 638, Hays <br />County Deed Records. Said tract being a rectangular <br />tract fronting approximately 1352 feet on Old High- <br />way 80 with an approximate depth of 1289 feet and <br />being the most westerly corner of said 100.13 acre <br />Sharp tract. <br /> <br />II. <br /> <br />The Purchaser agrees to pay for the above described land the <br /> <br />sum of $4,500 per acre, payable as follows: <br /> <br />$90,000 shall be paid on May 26, 1982 <br />$90,000 shall be paid on July 26, 1982 <br /> <br />III. <br /> <br />The deed shall be a general warranty deed and shall be duly <br /> <br />executed and acknowledged, so as to convey to Purchaser the fee <br /> <br />simple of the said premises free of all encumbrances except as <br /> <br />stated herein. <br />