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Rainbow Ranche Collection

Interim receipt and agreement to purchase, August 13, 1946 Rainbow Ranche Aug 13, 1948

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 a°/s.s7y„o-
THE    RAINBOW   RANCHE,   Limited
Okanagan Centre, B. C.
August 13, 1948.
INTERIM RECEIPT & AGREEMENT TO PURCHASE
The Rainbow Ranche agrees to sell and W. A. Stewarty|agrees to purchase /
Lo» 3, Map 4213, aad a portion of Lot 4, Map 4213e The portion of Lot 4
contains two (2) acres, more or less, and being the Easterly portion thereof, 160 feet along the North boundary aad 180 feet along the South boundary,
and two (2) pickers cabins only, providing that the purchaser agrees to pay
half the subdivision survey & registration costs necessary to define and per-
iait a conveyance of such part of Lot 4.  The purchaser also agreesto give a
right of way in favour of the balance of Lot 4 over the southerly 30 feet of
Lot 3 and his portion of Lot 4.
The price to be 29t000.00 dollars payable as follows :-
#4,000.00 by way of deposit and part payment, and the balance as follows ;yt
#2,000.00 on or before October 15th. 1948, One Half (^) of the 1948 crop &
the balance by one-third (1/3) of the crop annually thereafter. The purchaser agrees tb give an order authorizing such payments, without any capital deductions, to the packing house which is handling the fruit.
The 1948 crop must necessarily be shipped through the Vernon Eruit
Union.
All, or part of balance of purchase price may be paid at any time
without notice or bonus.
Interest rate to be 6% per annum payable on or before July 1st. of
each year
Time shall be the essence of this contract.
Dated at Kelowna this U<s.**iT7l  day of £t>4>t*4U******** 1948
... myt ......... »Ve. *& *TA
The Rainbow Ranche Limited
>*..........
Alrnnmjfer

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