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The Gadsden Purchase (Spanish: Venta de La Mesilla "La Mesilla sale") [2] is a 29,640-square-mile (76,800 km 2) region of present-day southern Arizona and southwestern New Mexico that the United States acquired from Mexico by the Treaty of Mesilla, which took effect on June 8, 1854.
In 1853, the territory expanded under the Gadsden Purchase agreement by nearly 30,000 square miles of land south of the Gila River in Arizona, forming the state’s boundary with Mexico. [1] In 1863, President Abraham Lincoln signed the Arizona Organic Act creating the Territory of Arizona.
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Contracts for federal government procurement usually involve appropriated funds spent on supplies, services, and interests in real property by and for the use of the Federal Government through purchase or lease, whether the supplies, services, or interests are already in existence or must be created, developed, demonstrated, and evaluated. [3]
The ETPAC is a 501c3 charitable organization. As part of the purchase agreement an endowment was set up for the perpetual operation and maintenance of the theater and performing arts center. [2] The mission of the ETPAC is to enhance the community of Prescott by providing space for practice, rehearsal and training of the performing arts.
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