HomeMy WebLinkAboutResolution - 062047A - Contract - TX Land & Mortgage Company Inc - Purchase Of Section 41 Block A - 06/20/19470(oZO47A
*Moe Rr:SCLUTION AJTHORIZIAlG PURCEASE
OF 513.77 WRE.S OF LAINZ
STATE CF TEXAS CITY CF LUBBOCK
TO
COUNTY CF LUBBOCK TZ AS LAND & IvMTGAGE CO., INC.
On this the 20th day of June, 1947, at a meeting of the City Commission
of the City of Lubbock, Texas regularly held, a quorum being present, it
was duly moved b; Commissioner John Spikes, seconded by Commissioner
leVol�, and unanimously carried that the 0yor, C. A. Bestwich,
BE, and he is hereby authorized and directed to enter into contract of
purchase with the Texas Lana & l rtgage Company, Inc., obligating the City
to buy and pay for 513.77 acres of _and out of Section 41, Block A, Abstract
to. 59, in Lubbock County, Texas, :More particularly described in application
for purchase dated June 19, 1947, signed by the City of .Lubbock by C. A.
Bestwick, :"Mayor, and the City Commission hereby authorizes and directs the
Mayor to obligate the City to pay for said land the sum of �64,2214rc
delivery of warranty deed and abstract to said property showing &ood and
merchantable title in the Texas Land a P:ortgage Company, Inc.. and the Payor
and City Treasurer are hereby authorized and directed to issue to the said
Texas Land ;:ortgage Company, Inc. the check or warrant of the City upon
the City Treasury (that is, the appropriate bond proceeds), to pay said
consideration.
This resolution being passed subject to the understanding between the
Parties that there have been no reservations of oil and gas angor other
' minerals heretofore made affecting the 513.77 acres to be purchased by the
City of Lubbock; that the City of .Lubbock shall be conveyed one-half interest
in the oil and as lease referred to in the application for purchase; that
j the Seller and/or its predecessor in title will not and have not reserved
to themselves in such conveyance an excess of one-half of all oil and bas
and mining and other minerals, and the City of Lubbock shall received by such
conveyance the other one-half of all such minerals including entals aAM
royalties; it being further understood and agreed that water and waster rights
in, on or under said land shall not be construed as minerals and it is not
intended Sellers, or their predecessors in title, shall have or reserve any
interest whatever in such watef and water rights.
oc02oN7A
It is farther understood and agreed that all tenancies relating to such
land expire on or before December 31, 1947, and that Hugh Newton, F. W.
Austin and Culver Austin are the only tenants in possession of the 513.77
acres of land, that they are in possession by reason of written contracts
expiring on or before December 31, 1947) that Robert B. Hoskins is an
employee of Hu6h newton, whose right to remain on said land coexists with
that of his employer Hugh Newton.
This authorization is subject to the Texas Land & P;:ortgage Company,
Inc. forthwith approving and accepting the application of purchase and
subject to the understandinbs stated in this resolution.
Passed by unanimous vote of the City Commission this 20th day of June,
1947.
J
ATTk ST
City Sccre+
CERT rr IC3TE
Clarence Bestaick, `iay or, and Lavenia Williams. Secret xy, respectively)
of the City of Lubbockp Texas, hereby certify that the above and foregoing
.090� is a true and correct copy of resolution ,gassed by the City Commission of
the; City of LubJOC:., Texas, at a meeting regularly held, a quorum being
present, on June 20, 1947.
Given under our- hands with the corporate seal of said City attached,
this the 20th day of June, 1947.
Secretor"