HomeMy WebLinkAboutMinutes - City Council - Regular - 5/28/1930RECESSED =TLlJ� !=TINTG.
Lubbock, Texas.
May 28, 1930.
The City Commission of the City of Lubbock, Texas, met at 11 A.M.
in Recessed Regular Mc.-eeing at the Regular Meeting place in the
City Hall, the following members thereof being present, to -wit:
Mayor J.J. Clements, Commissioners J.F. Bacon, D.N. Leaverton,
Jno. E. Roach, Geo. E. Benson, City Manager J. Bryan TV'iller and
City Secretary W.H. Rodgers.
Absent: City Secretary �.H. Rodgers.
Upon motion by Mr. Benson, seconded by Mr. Leaverton carried
unanimously, it was ordered to purchase McCrummen's block, shown
on Plat as North one-half Block 7, McCrummen's Second Addition,,
as per the following Contract.
THE STATE OF TEXAS j
COUYTY OF LUBBOCK Q
TISIS CONTRACT made and entered into by and between Mrs.
Laura J. McCrummen, a widow, Seller, acting herein by ti L.
McCruranen her Agent, and the City of Lubbock, Texas, a municipal
Corporation, Purchaser, acting herein by its Mayor and Secretary
hereunto duly authorized, 7ITNESSETH:
1. That Seller has sold and agrees to convey by good and
sufficient fiarranty Deed and ' urchaser has purchased and agr:;es
to pay for lots Nos. 1,2,3,4, and 5, and the North Half (n2) of
Lot No. 6, in Block No. 7, of the McCrumnen's Second addition
to the City of Lubbock, in Lubbock Bounty, Texas, at the agreed con-
sideration of Fifteen Thousand ($15,000.00) Dollars to be paid
Five Thousand Dollars in cash upon delivery of deed hereunder;
Five Thousand Dollars one year from date of deed; and Five Thousand
Dollars two years from date of deed, said deferred payments to
be evidenced by two vendor's Lien Notes bearing even date of deed
hereunder, made by Purchaser and payable to Seller, or order, at
Lubbock, Texas, with five per cent per annum interest thereon
from date until paid, interest payable annually, and containing
the usual provisions of vendor's lien notes, and secured by Deed
of Trust in addition to the vendor's lien on said real estate.
In this connection it is understood and agreed that Seller
reserves the improvements on said real estate and agrees to remove
such of the improvements as she wants to move TMr ithin sixty days
from the date of the consummation of this deal; and such imnrov-
;1V
ments as are left on said real estate after said sixty day period
shall pass to Purchaser hereunder.
2. That Seller shall pay 5/12 of the 1930 taxes on the
herein described real estate, and Purchaser shall oay 7/12 of
such taxes.
3. That Purchaser shall, in the event it uses said real estate
for park purposes, name such park "McCrur_iraen Park" and said
property shall be known as "McCrum,�ien Park" so long as it is used
for park purposes.
4. That Seller shall furnish without delay a complete abstract
of title showing merchantable title in her to said real estate,
and if abstract shows such title, this deal shall be consummated
in fifteen days from this date. If abstract does not show such
title, Seller shall have a reasonable time in which to perfect
such title. If Seller be unable to make merchantable title within
a reasonable time, this contract shall be of no further force and
effect.
5. That to guarantee the performance on its Dart hereof the
Purchaser has placed with a copy of this contract in the Citizens
Nat"onal Bank, of Lubbock, Texas, the sum of Five Hundred Dollars,
and if it fails or refuses to carry out all things on its part to
be performed hereunder, said sum shall be paid to and accepted
by Seller as full liquidated damages. If this contract is con-
summated said sum shall be applied as apart of the cash payment.
If Seller be unable to make merchantable title as herein provided
for, said sum shall be returned by said Bank to _'urchaser.
;'FITNESS our hands this 28th day of May.-L.D. 1930.
(SEAL)
I,MS . LAURA J . MCCRUT.311EN ( SELL R )
BY W.L. TvIcCruromen (AGENT)
CITY OF LUBBOCK (PURCHA` 7R )
BY J.J. Clements (rdAYOR)
rTTEST:
TI.H. Rod ers
(SEC,RJTA.R
No further business coiling
Mr. Benson, seconded by Mr.
Commission adjourned.
up for consideration, upon motion by
Bacon, carried unanimously, the City
Read and approved this ��� day
ATTEr:T :
City 6ecretar
1930.