HomeMy WebLinkAboutResolution - 042458B - Agreement - C.S. & Ruth Gaddis - Fund Assignment To City - 04/24/1958 00.0,10 ►' '
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WIMUI, tbe total 4ansidoratim for the salos transfer md
eftv"�mco of the above 4aseribod lands to be paid of Lubb"It
of U60moses ' *, said sm *as Paid to the
w4weigred up" delivity of the. above rofovrod to tontrMt and l,;; ;
but: 08
#080#40 of ghtch I" bold by tbo City of LW**k to be dolivorod
eamploted clowwwo from all
of the t VbSab
conditionsaccordles,to the teno and t Vas, to be Withia
'71 &P trm dW datao Woe*to l0tb day of Morth,, 1958,,
the dsta of said 4w4i sod,,
State Ofo Tons is
order „ t t *ad mm
o transfer and sotAmerican s all
titto .and Istaxost In and to sold $90000.00*
$ TMUP090 JA eaftsidorotions
C.S. t do em and hereby ossiv.0 transt.
t o0or to the AmwtjWi* Uttv Bank of Lubbodkj,: Teowso 41 right3,
and t6
s
l,
Labbodko s# 1. i to deliver
o Wkie American State Omsk "Id am of v o
wife ' Ruth ;`
ddiss, doagreoe 'to go" and
bold havolose the said CityarialmS
a" visism . > Its b""Spad ever
to t I State ZAA to accordemao
. With tots AISIVIDept.
tt is
that a coy o As* o
an felt swift
me,of the autborlty beretu pouted to the City.of"Ldbbmk to
` 08
MOM fund Ass .
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t"4rlAs4i ► thwets a and tkat sU 4it sot via to r*tnwt it.
Ova ;m► b"A art mal Of oifita ddA 14" 4iw of Awil*
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s t1I. T""
"w laarwrissm Stoke Ssmk, tiro l sold in d we a' 4r+4e and
a ►t w U satilttsr t* rm*#ue sa $#$N A& sm to
1rls 4ti &w pad PwAt is e.g. gwdts eaad *I**$, wah *sills* a*" bxoyr
*i" sots to tw, etty of U""k# Lubu" "-* vim* of such
aaari aac4t: "d as such Awl &we Usoby art* ad untft
city of ►"% of tts claft to aasii fmd wwkw awl by virt" of the 40" and
h*svlag Aa to
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' � ' ►� yak, �k �e��'�r 1+ � +1+rp w�► artiasll+a
rrsstlt of astir IW A* Amwiiwm Seste !ank of tw a*L$mmot by 4,3+ 4+ "r
and gift, Za& as"140. of tklit''iatn"t to and to a& 4t. ,A0 ! `"rto savesm
*00..as" C.8. 4ad"s "d wif1, tam 404.08 ww tbwiac motes rift tba tam
and +rosdit s as tftwaet art load is sw A"Lwm rt. The
n1w. Ot tdb k 4610 bvRor Awelpt am. and Ovilms tba OW awd will
gat U P44as to 160 s. 4aws, "A wifto tuft fsut Mawr air poraft.
f oar r hms*ft the stft* Ste, until aawt thw wa dw
awe 7-wr*m*Aa
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psq*Tlq"" so 64"SR4 UPI* STOP. POMYP *Am 0403's MOTAMY
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04 2.4-Stia
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4/15/58 RESOLUTION
BE IT RESOLVED RY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT theqty, of Lubbock acting by and through its Mayor execute
the acknowledgment and acceptance of assignment by C. S. Gaddis and
wife, Ruth Gaddis. of their interest in and to an $8, 000 fund held by the
City of Lubbock by virtue of an agreement by C. S. Gaddis and wife, upon
their compliance with the terms and conditions .of the Contract and Deed
between them and the City of Lubbock and further agree upon acceptance
of the assignment that said fund will not be paid over to the said C. S.
Gaddis and wife, Ruth Gaddis and/or any person, firm or corporation other
than the American State Bank until such time as the American State Bank
shall release its -c-laim thereto as established by its assignment from C. S.
Gaddis and wife dated April 14, 1958; and the Mayor is hereby directed and
authorized to execute same for. and on behalf of the City of Lubbock.
Passed by the Commission this, ,qday of AX1,,;1 , 1958.
s
yor
ATTEST.
Lave a Lowe, city ecret ry- Treasurer