Laserfiche WebLink
KLG:ar <br />7/8/78 <br />be paid by Santa Ana to the Corporation, and the balance of <br />said purchase price, being the sum of SIXTY-SIX THOUSAND <br />DOLLARS ($66,000.00),.shall be paid by Santa Ana to Garden <br />Grove. <br />(b) Pa)5ent. The purchase price to be paid <br />by Santa Ana as hereinabove specified shall be paid on the <br />date of closing. Payment shall be by cashier's checks or <br />municipal warrants. <br />5. Representation and Warranties of Seller. Garden <br />Grove hereby represents and warrants.to Santa Ana as follows: <br />(a) organization and Standing. <br />(i) Garden Grove is a municipal cor- <br />poration, duly organized, existing and in good <br />standing under the laws of the State of <br />California. <br />(b) Council Authority. <br />(i) The execution of this agreement by <br />Garden Grove and its delivery have been duly <br />authorized by the City Council of the City of <br />Garden Grove and no, further action is required <br />on the part of Garden Grove for the execution <br />and delivery of this agreement, and the con- <br />summation of the transactions contemplated <br />hereby, other than those specified in this <br />Agreement. <br />(c) Other Laws and Agreements. <br />(i) it is the intent of Garden Grove <br />and the opinion of Garden Grove that the <br />execution of this Agreement and Garden Grove's <br />consummation of the transactions contemplated <br />hereby will not violate or contravene any of <br />the provisions of any charter, bylaw, resolu- <br />tion, indenture, agreement, judgment, order, <br />IM. <br />