HomeMy WebLinkAboutResolution - 010454A - Accept Request Of Central Investment Co. To Abandon 11_14_45 Contract - 01_04_19541•� y -
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RESOLUTION
WHEREAS, Central Investment Company of Texas has heretofore
requested, and by its letter dated January 8, '1954 confirmed its previous
request to mutually abandon a contract made November 14, 1945 between
he City of L tLbcxckga d Crummer & Company, Inc. of Texas, C. R. Woolsey
& Company, n entral Investment Company of Dallas, Texas is the
successor to the original contracting parties as shown by its letter above
rr a mentioned, dated January 8, 1954; and,
WHEREAS, It was originally contemplated by all parties that the
bonds would be sold within a five-year period, which has expired, and all
parties interested therein are mutually agreeable to fully releasing the
contracting parties as shown by the letter dated January 8, 1954 and the
previous request of Central Investment Company of Texas; THEREFORE,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT, the request of Central Investment Company of Texas, dated '
January 8, 1954 confirming the previous oral request to abandon the contract
dated November 14, 1945 and between the City of Lubbock and Crummer &
Company, Inc. of Texas and C. R. Woolsey & Company of Lubbock, be and
the same is hereby accepted and all parties are fully released from further
compliance with the terms dt said contract and from any and all liability in
c onne ction the r ewith.
The City Secretary is directed to send a copy of this Resolution to
Central Investment Company of Texas.
On motion of Commissioner Carpenter seconded by
Commissioner Davis this Resolution was passed by the
City Commission on this the 4th day of Januau 1954, by the
f ollowing vote : .
Commissioners voting "YEA": Mcrris,Carpenter & Davis & Mayor Tripp
Commissioners voting "NAY": None
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