HomeMy WebLinkAboutResolution - 030961B - Escrow Agreement - J.W. Chapman, & Citizens National Bank - Deedication Deed - 03_09_1961 H.1Z do a, ;
o RESOLUTION
A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AN ESCROW
AGREEMENT WITH J. W. CHAPMAN AND CITIZENS NATIONAL BANK.
WHEREAS, a contract has been executed by and between the City of Lubboc ,
Texas, and J. W. Chapman; and,
WHEREAS,, said City has executed a check in favor of J. W. Chapman on
condition. that he clear certain property within 30 .days from the date of said con-
tract, said check to be delivered when said clearing is complete; and,
WHEREAS, said parties have agreed to place in escrow a dedication deed.,
a copy of said contracts and said check for $2800. 00 and thatthe escrow agent
shall be Citizens National Bank of Lubbock., Texas; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT the Right of Way Engineer be and he is hereby authorized to execute
an escrow agreement on behalf of City of Lubbock with J. W. Chapman and the
Citizens National Bank of Lubbock, Texas.
Passed by the Commission this 9th ay of March 1961.
�14 2 -----
DAVID C. CASEY, Mayo
ATTEkL
Fo ow
Lave y Secretary-Treasurer _5 r.rtorne7
THE STATE OF TEXAS r
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF LUBBOCK j
THAT J. W. Chapman and the City of Lubbock, Lubbock County, Texas,
a municipal corporation have entered into a contract and deed, copy of which
is attached hereto and the City of Lubbock has executed a check in favor of
said J. W. Chapman for the sum of $2800. 00 whch is also attached hereto.
It is agreed by and between J. W. Chapman and the City of Lubbock,
acting hereimbby and through its Right of Way Engineer heretofore authorized,
that said parties will comply with the terms of the deed and contract which is
herewith deposited together with a check for $2800. 00 in favor of J. W.
Chapman with Citizens National Bank of Lubbock, Texas, which is here de-
signated as the escrow agent. Parties hereto agree that the escrow agent
is to hold the check and the deed until the terms and conditions shown in
such deed and contract have been fully complied with whereupon the parties
hereto jointly request the escrow agent to deliver said check to J. W. Chapman
and the dedication deed to the City of Lubbock.
In witness whereof the parties hereto have caused these presents to be
executed this the 9th day of March 1961.
CITY OF LUBBOCK
By:
M0`E .1ca-tt, J4-gRf of-ay Kiigineer
The terms and conditions of the above and foregoing escrow agreement
have this day been accepted.
CITIZENS NATIONAL BANK
By: _
'rscrow�gent pfTcer�
19,Lavenia Lowe, City Secretary-Treasurer, City of'L¢ubbocTca Texas hereby
/�rtify that the above and foregoing is a true and correct copy of a Resolution
aut,boriz ng the Mayor to execute an escrow agreement with J. W. Chapman and
_ Citi�Pns Nat opal Bank,
'Passed by the City Commission on the 9th day of March, 1961
_"d_:;df;r&cord in Minute Book 20, page 55
-r s:.of the City Commission of the City of Lubbock, Texas
THIS 10th DAY OF ._ _..._ March a 1961_. ____
Lave a Lowe, Cit ecretary-Treasurer
City of Lubbock, Texas