HomeMy WebLinkAboutResolution - 071052B - City Manager Authorized To Make Deposit In Escrow In The Citizens National Bank - 07_10_1952 ` .�i•!? c. RESOLUTION
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WHEREAS, on May 7, 1952 the City of Lubbock entered into an agreement
with respect to the purchase of water rights in Bailey County, said agreement
being between L. A. Purtell,et ,ux and;the City., which also makes reference to
lands owned by John L. and J. E., Birdwell, as well as land owned.by the
Baptist General Convention of Texas, and,
AI�.
ell
Gr t WHEREAS, Section 3 of Article IV makes provision for the deposits in
' y, escrow, the .first of which was made on June 15, 1952 and the second of which
r is to be placed in escrow on July 15, 1952 and, according to the terms of which,
f "adequate water" has been found by tests, and the City Engineer finds that
32, 399.48 acres of land are acceptable; and the City desires to make the second
deposit in escrow as provided by said agreement, on July 15, .1952, a descrip-
tion of the acceptable acreage situated in Bailey County, Texas_, being as follows,
to-wit:
Sections Five (5) to Eleven (11), both inclusive, Sections Sixteen (16)
to Twenty-Two (22), both inclusive, Sections ,Twenty-Seven (27) to
Thirty-'Three (33), both inclusive, Sections Thirty-Eight (38) to
Forty-Four (44), both inclusive, Sections Forty-Nine (49) to Fifty-
Five (55), both inclusive, .Sections ;Sixty-Four (64) to Sixty-Eight (68)2
both inclusive; Sections Seventy-Seven (77) to Seventy--Nine (79), both
inclusive, Sections 'Eighty-Nine .(89) to Ninety-Two (92), both inclusive,
all situated in Block of.the Melvin'Blu.m &,Blum Survey; Sections
One (1) to Four (4), inclusive, of Block O of the T. H. James Survey;
and 237 acres of the Garza County School L.andj THEREFORE,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT the City Manager BE, and he is hereby authorized to deposit in
escrow in the Citizens National Bank in Lubbock, Texas the sum of Three
Hundred Twenty-Three Thousand, Nine Hundred ;Ninety*•Four and 80/100
($323,994.80) Dollars, said deposit to be made out of the City of Lubbock Water
Bond Funds derived from the sale of bonds issued for the purpose of acquiring
water rights, etc.
The above mentioned deposit is to be .made in the same form and manner
as the deposit made on Jane 15, :1952, and the notification of the number and
description of "water rights" the City will accept shall be duly given to L. A.
Purtell, as provided by;Section 3 of Article IV. A ZertUied`copy of this
Resolution shall be delivered to Mr. Purtell and constitute the notice provided for
in said agreement.
-On motion of Commissioner Carpenter , seconded by Commis-
-^ sioner Thomas ; the foregoing Resolution was passed by the
following vote of the City Commission this fOth day of Jam'- 1952:
03IOS2J&
Commissioners voting "YEA":' ,PArpenter, Davis, Thomas, & Harry Morris,
i--. - '
Mayor Pro-Tem.
Commissioners voting "NAY": None
: tRY-`i�iURMAYOR-PRO="TEM
ATTEST: �
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C'it .Secretary Trrex
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(7-10-52)