HomeMy WebLinkAboutResolution - 021435A - Franchise Granted To Lubbock Bus Company - 02/14/1935 GRANT OF VROMSE TO
LUBBOCK BUS COMPANY
Be it remembered that on the loth day of Febru.
ary, 1935s, at a regular meeting of the C i t,y Commission of
the City of Lubbock, Texas, upon motion by Commissioner
seconded by Commissioner
jV_ , /
unanimously curried, that
the 'transfer by W. A. Izard to J. T. Maynard of Plainview,
Texas, and R. E. L. Farmer of Lubbock, Texas, of the bus
franchise heretofore granted by the City of Lubbock to the
said W. A. Izard be, and the same is hereby, approved by the
City of Lubbock,. and the said J. T. Maynard and ,R. E. L. Far-
mer, operating under the name of Lubbock Bus Compa.rty, are
hereby authorized to operate under the said W. A. Lard
franchise the same as the raid W. A. Izard was heretofore
authorized by the City of Lubbock. The right of the said
W. A. Izard to operate under any franchise is hereby for-
feited and cancelled, the said J. T. Maynard and R. E. L.
Farmer having acquired all the rights of the said W. A. Iz-
ard by reason of the aforesaid transfer and the passage of
this resolution.
The passage of this resolution is conditioned
upon the said assignees J. T. Maynard and R. Be L. Farmer
faithfully and promptly complying Frith the terms of
W. A. Izard franchise and all ordinances of the City of Lub-
bock, and in the event sild assignees fail or refuse so to
comply their rights to operate 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 public lial-Ality bond in the sum of ten
thousand ($10,000,00) Dollars, as required by franchise
ordinance, and said bond is herebT approved*
The said assignees have also paid the annual
franchise tax of $100.00 for the privilege of operating
under said franchioe for a period of one year.
Myor
ulty secrot-.ry