HomeMy WebLinkAboutResolution - 032752C - Notice Of Intent, Etc. - Oil_Gas Lease - Part Of Sec 41, Block A - 03_27_1952 71 T -- — - —
RESOLUTION
A RESOLUTION BY THE CITY COMMISSION OF THE CITY OF LUBBOC
TEXAS, GIVING NOTICE OF ITS INTENTION TO LEASE FOR OIL AND GAS
DEVELOPMENT THAT PART OF SECTION 41, IN BLOCK A, LUBBOCK
COUNTY, TEXAS, BELONGING TO IT AND CONTAINING 513. 77 ACRES,
MORE OR LESS; SETTING DATE TO RECEIVE AND CONSIDER BIDS, AND
DIRECTING PUBLICATION OF NOTICE.
WHEREAS, the City Commission of the City of Lubbock has duly consid-
ered the advisability of making an oil and gas inineral lease of certain lands
belonging to the City of Lubbock, including lands hereinafter described, and
deems it expedient to publish notice of its intention to so lease said lands,
THEREFORE,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
(1) That it is hereby determined to be advisable to make an oil and gas
lease of and covering all of the City of Lubbock's undivided one-half (1/2)
interest in such minerals within and underlying the following described lands
owned by the said City of Lubbock and which are located in Lubbock County,
Texas, to-wit:
All that part of Survey.Forty-One (41) in Block A, located and
surveyed by virtue of Certificate No. 401, issued to H. E. &
W. T. Ry. Co., patented to Thomas Jefferson George, Assignee,
on December 23, 1678, by Patent No. 28, Volume 47, known a.s
Abstract No. 59, containing 513.77 acres, more or less, which was
conveyed to the City of Lubbock by 'deed dated. June 19, 1947,
which appears of record in Volume 353, page 249, of the Deed'
Records of said Lubbock County, Texas, to which reference is
hereby made for a better description of said land..
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(2) The said Commission reserves the right to reject any and all bids
for such lease; however, should any bid be accepted, the lease shall be execu-
ted upon such form as shall be acceptable to the Commission and the lessee
therein, and in any event the lease shall retain one-eighth (1/8) of all oil and
gas minerals which may be produced from the undivided one-half (1/2) interest
which the City of Lubbock owns in the said minerals within and,underlying said
lands, provided that for the purpose of said lease, water shall never be con-
strued to be a mineral, and provided further that the primary term of said
lease shall be for no more than a period of ten (10) years from date of execu-
tion and approval thereof.
(3) The City Secretary is instructed to give notice of the Commission's
intention to lease said lands by publishing this Resolution in its entirety in the
Lubbock Morning Avalanche, a newspaper published in Lubbock, Lubbock
County, Texas, having a general circulation therein, said notice to be published
once a week for three (3) consecutive weeks prior to the public hearing to be
held in the City Commission's regular meeting place .: n the City Hall at Lubbock
Texas, at 2 p on the day of ApA1 1952,. at which
6 Z
r- time the Commission will receive and consider bids for such oil and gas lease.
It is the intention of the Commission to award and sell the, lease to the highest
and best bidder submitting a bid therefor at such public hearing and auction,
provided that if, in the judgment of said Commission, the bids, submitted do
not represent the fair value of such lease, the Commission will reject such
bids. No bids will be considered unless submitted at said hearing.
(4) No award or sale will be made unless the successful bidder shall
pay the City of Lubbock in cash for the lease within the time prescribed and
required by the City Commission at the public hearing herein provided for.
On motion of Commissioner Hufstedler , seconded by Commis-
sioner Morris the foregoing Resolution was on this 27th
day of March , 1952, duly passed by the City Commission by the
following vote:
Commissioners voting "YEA": Morris , Hufstedler, Davis and Thom s
and Mayor Whiteside
Commissioners voting ' NAY": None
lvia ors ------ --
ATTEST: y
City Secr tart'
VEW:sv
PURCHASE REQUISITION 0042,
W.�$Y CITY OF LUE3BO ��DATE �'.
rO PURCHASING DEPT.- Purchase the Following Goods to be Delivered..
(Data 1 (P]ate]
From: _. Chg. Acc+. No,
N QUANTITY Jiojkd SCRIPT DE E (Brand,Cat. No.., Size.,Wt„ etc.) Unit Cast Tot.Cost
I'm4 Son pa- st of
Afta at par 54064
O —'cibli.sh A ri1 131 1952 11-32
j
FOR PURCHASING DEPT. Sngg7a4ed Vendors TOTA(` ..--
Signefd Pink Sheet Sent u
Terms_ F. 0. B.__._ ---
Delivety 3 - -
P. O. NO. BID NO. O K BUDGET 4 _
Date March 24, 1952
TO: brit. Matthews, .Mr. Oldham and
Mrs. Lowe
FROM: VE.W, Legal .Department
sUBJECF: AGE N :'I3 A ITEM
Attached. is Resolution to be passed by the City Commissiozi authorizing
City Secretary to publish the CoIi.s,s:ion'.s b3tention to lease for oil,and gas
development that part of Section 41 ixi Block:A (Texas band and Mortgage Ca m-
pany land), 51:36 77 acmes,
This should be passed: this coming 'Thursday, the first publication
promptly made, and the .date of regular meeting April 24 inserted,as the
date bids will be received.
When the publication has been completed, please require the publisher
to append the customary publisher Isaffida-rit showing the dates of publication
and„attaching copies of the resolution as published.
VAUG: ILSON
tcarney
VET':sv
(Original and. copies of Resolution attached to
original of this memo)