Woods v. Locke

September 1, 1910, defendant and respondent, Frank L. Locke, having applied to the state of Idaho to purchase the SW. corner of See. 24, T. 6 N., B. 29 E., B. M., in Fremont county entered into an agreement with Blaine County Irrigation Company to purchase a water right consisting of 160 shares of stock in the Blaine County Canal Company, to be dedicated to said lands. The consideration was to be paid in ten deferred, annual instalments; and respondent agreed to assign and transfer to the vendor as security the shares aforesaid, and further agreed that upon default in any instalment the…