HomeMy WebLinkAboutResolution - 102236A - Transfer, Sale, And Assignment Of The Lubbock Bus Company - 10/22/1936to --XOA
Be it remembered that on the X2��y of October, 1935, at
a regular meeting of the City Cormnission of the City of Lubbock,
Texts, upon motion by Commissioner ,
seconded by Commissioner , unanimously
carried, that the to nsfer, sale, and assignment by J. T . Maynard
to R. E. L. I�armer and Ray Farmer, of Lubbock, Texas, of all of his
interest in and to the Bus Franchise heretofore granted by the City
of Lubbock to Vy. A. Izard, which Bus Franchise was thereafter
transferred and assigned by the said V�. A. Izard to the said J. T.
Tjaynard and R. E. L. Farmer, be, and the same is hereby approved
by the City of Lubbock. And the said R. E•'L. Farmer and Razr Farmer,
operating under the name of Lubbock Bus Company,are hereby authorized
to operate under the said A. Izard Franchise and/or the J. T.
Maynard and R. E. L. Farmer Franchise, the same as the said W. A.
Izard was heretofore authorized and the same as the said J. T. Maynard
and R. E• L. Farrner were heretofore authorized by the City of Lubbock.
The right of the said yV. A. Izard to operate under any franchise
has been heretofore forfeited and cancelled by the passage of a
resolution on February 14, 1935, by the City of Lubbock, and by said
resolution the said J. T. Maynard and R. she L. Farmer acquired all
of the rights of the said uV. A. Izard. And now the right of the said
J. m . jaynard to operate under any franchise is hereby forfeited and
cancelled, the said R. E. L. Farmer and Ray Farmer having acquired
all the rights of the said J. T. Yaynard by reason of the aforesaid
transfer and the passage of this resolution.
The passage of this resolution is conditioned upon the said
assignees, R. E. L. Farmer and Ray Farmer, faithfully and promptly
complying with the terms of said Vv- A. Izard franchise and/or
the J. T. Maynard and R. E. L. Farmer franchise, and all ordinances
of the city of Lubbock, and in the event said assignees fail or refuse
so to comply their rights to 'perate under said franchise shall be
cancelled and forfeited as may be provided in the franchise or
franchise ordinance.
The aforesaid assignees have filed with the City of Lubbock
a Public liability bond in the sure of Five Thousand (Y65,000) Dollars,
as reglzired by franchise ordinance, as amended, and said bond is
hereby approved.
The said assignees have also paid the anual franchise tax of
X100.00 for the privilege of operating under said franchise for a
period of one year.
Attest
City Secretary.