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HomeMy WebLinkAboutResolution - 011162B - Release Of Lien - Willojak Corporation Et Al - Section 5 Block A - 01_11_1962 JMG RES_OLUTION �-' A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE FOR AND ON BEHALF OF THE CITY OF LUBBOCK A RELEASE OF LIEN HELD BY THE i CITY OF LUBBOCK AGAINST A PORTION OF SECTION 5, BLOCK A IN i! LUBBOCK COUNTY, TEXAS. WHEREAS, heretofore the City of Lubbock duly conveyed a portion of I� Section 5, Block A in Lubbock County, Texas, containing 156. 700 acres of land by Warranty Deed dated the loth day of January, 1959; and WHEREAS, in such deed a vendors lien was retained and a deed of trust was granted to secure the payment of three (3) certain promissory notes executed] by the following named corporations: Willojak Corporation Harold Blank Corporation Buddy K Hughes Land Company C. Jan Jennings Land Company, Inc. H. C. L. Land Company, Inc. West Texas Construction Company,, Inc. payable to the City of Lubbock annually on the loth day of January, 1960, 1961, 1962 as follows: Annual Payment No. Principal Interest Total 1 $24,865.00 $4,475.82 $29, 340.82 2 $24, 865.00 $2,983.92__ $27,848.92 3 $24,867.00 $1,492.02 $26, 359.02 WHEREAS, such promissory notes have been paid to the City of Lubbock and fully discharged, both principal and interest, and at the time of payment the notes,-were owned by the City of Lubbock; NOW THEREFORE: BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK: I SECTION 1. THAT the Mayor be and he is hereby authorized and directe to execute for and on behalf of the City of Lubbock a release of lien, for and in consideration of the premises and the full and final payment of said notes have remised, released, quitclaimed, discharged and acquitted and by1hese presents do remise, release, quitclaim, discharge and acquit unto the said Willojak Cor- poration, Harold Blank Corporation, Buddy K. Hughes Land Company, C. Jan Jennings Land Company, Inc., H. C. L. Land Company, Inc., and West Texas Construction Company, Inc., their successors and assigns the vendors lien �i heretofore existing upon the land and premises hereinafter described and the 1 deed of trust whereby the above parties granted, sold and conveyed to John L. Scott, Trustee for the City of Lubbock, beneficiary the lands described parti- cularly as follows: � V A tract of land containing 156. 700 acres out of Section 5, Block A,-- —;j Lubbock County, Texas, (except ten acres which is excluded from this conveyance as hereinafter described) more fully described by metes and bounds as follows: BEGINNING at the Southwest corner of said Section 5, Block A, Lubbock County, Texas, which point is a square head bolt; i THENCE North 89037145" East a distance of 2648.7 feet to a 3/4 E inch iron Pipe being the Southeast corner of the Southwest 1/4 of said Section 5, Block A; P THENCE North 0032145" West, 2291.5 feet to a 5/8 inch rod in the South right of way line of the proposed highway, Loop 289; THENCE North 70025145" West 621. 6 feet along the proposed right ' of way line of said highway to a point; THENCE North 78051145" West a distance of 1196. 1 feet along the South proposed right of way line of Loop 289 to a point; said point j y being in the South line of Meadowbrook Drive; I THENCE North 25024115" West a distance of 100 feet to a point in the Southeast right of way line of the Panhandle and Santa Fe Rail- road right of way line; 1 t THENCE South 64035145" West along the Southeast right of way line of the said railway a distance of 927. 12 feet to railway spike set in the West line of said Section 5, Block A; THENCE South 0019°15" East along the West line of said Section 5, Block A, a distance of 2440.3 feet to the POINT OF BEGINNING. Provided, however, the following described tract of land which forms a part of the above-described tract of land, is hereby excepted from this conveyance and title thereto is retained by the City of Lubbock, to-wit; BEGINNING at a point 790.0 feet North 89037145"EAst of the South- west corner of Section 5, Block A, for the beginning point of this tract; THENCE North 0032145" West a distance of 660 feet to a point for the Northwest corner of this tract; I THENCE Easterly parallel to and 660 feet North of the South line of Section 5 Block A a distance of 660 feet to a point for Northeast , corner of this tract; 1 THENCE Southerly parallel to and 660 feet East of the West line of this tract to a point in the South line of said Section 5, Block A, which point is North 89037145" East a distance of 1450 feet of the Southwest corner of said Section 5, Block A, for the Southeast corner • � I THENCE Westerly along the South line of said Section 5, Block (I A, distance of 660 feet to the PLACE OF BEGINNING. f � SECTION 2. The City Secretary is authorized and directed to attest the signature of the Mayor to the release of lien and shall affix the seal of the City j of Lubbock thereto, i Passed by the City Commission the llth day of January, 1962. AVID C. CASEY,, Mayor I ATTEST: 1 Lave a Lowe, Cit Secretary-Treasurer i s i � l � I i� i is i II ;r i II i ' I k , i i �k I h �I f ( OD RELEASE OF LIEN THE STATE OF TEXAS: COUNTY OF LUBBOCK, KNOW ALL MEN BY THESE PRESENTS: That in consideration of the payment in fall according to the face and tenor thereof. of one certain promissory note dated January 10. 1959. in the principal saw of $74,597.00 payable in the manner and with interest as provided in said note, described in a certain Deed of Trust. executed by Willo)ack Corporation. Harold blank Corporation. Buddy K. Hughes Land Company. C. Jan Jennings Land Company, Inc.. H. C. L. Land Company. Inc.. and Nest Texas Construction Company. Inc. to the City of Lubbock. a Home Rule Nunicipality. dated the 10th day of January. 1959. and recorded is Vol. 290. at Page 25. of the records ofDeeds of Trust of Lubbock County. Texas. THE CITY OF LUBBOCK, a dome Rule Municipality. duly organized and existing under the Laws of the State of Texas. acting by and through its duly authorised undersigned officers, the owner and holder of said note. does hereby release the Deed of Trust lien shown by said instrument to exist upon the following described property. to secure payment of said note. viz.: A tract of land containing 156.700 acres out of Section 5. Block A, Lubbock County. Texas. (except ten acres which is excluded from this Conveyance as hereinafter described) more fully described by metes and bounds as follows: BEGINNING of the Southwest corner of said Section 5. Block A, Lubbock County. Texas. which point is a square head bolt; THENCE North 89037*45" East a distance of 2648.7 feet to a 3/4 inch Iron Pipe being the Southeast corner of the Southwest 1/4 of said Section 5. Block Al THENCE North 0032`45" West. 2291.5 feet to a 5/0 inch trod in the South right of way line of the proposed highway. Loop 289= THENCE North T0025'45" (Pest 621.6 feet along the proposed right of way line of said highway to a point; THENCE North 78051'45" (Pest a distance of 1196.1 feet along the South proposed right of way line of Loop 289 to a points said point being in the South line of Readowbrook Drive; Th'ENCE north 25024`15" hest a distance of 100 feet to a point in the Southeast right of way line of the Panhandle and Santa Fe Railroad right of way line; THENCE South 64035`45" West along the Southeast right of way lire of the said railway a distance of 927.12 feet to railway spike set in the West line of said Section 5. Block As THFXCE South 0019*15" East along the Hest line of said Section S. Block A. a distance of 2440.3 feet to the POINT OF BEGINNING. Provided. however, the following described tract of land which forms a part of the sbove-described tract of land* is hereby excepted from this conveyance and title thereto is retained by the CitT of Lubbock. to-wit:BEGINNING at a point 790.0 feet North 89037*45East of the South- west corner of Section 5. Block A. for the beginning point of this tract! THENCE North 0032'45" Nest a distance of 660 feet to a point for the Northwest corner of this tract; THENCE Easterly parallel to and 660 feet North of the South line of Section 5. Block A. a distance of 660 feet to a point for Northeast corner of this tract; THENCE Southerly parallel to and 660 feet East of the (Pest line of this tract to a point in the South line of said Section 5. Block A. which point Is North 89 37'45" East a distance of 1450 feet of the Southwest corner of sold Section S. Block A. for the Southeast corner of this tract; THENCE Westerly along the South line of said Faction 5. Block A. distance of 660 feet to the Place of Beginning. and the vendor's lien reserved in the Warranty Geed dated January 10, 1959, recorded in Val. 724. Page 251. geed Aecordt of Lubbock County, Texas, additionally securing payment of said note is also released hereby. IN WITNESS WHEPEOF, the sold City of Lubbock, a Home Rule Municipality has caused the instrument to be executed by its duly authorized officers. at Lubbock. Texas. this day of January. A.D.. 1962. ATTEST: THE CITY OF LUBBOCK $y ---Mir City Secretary VID C. CASEY MAYO THE STATE OF TEXAS: COUNTY OF LUBBOCK : BEFORE ME, the undersigned, a Notary Public. in and for said County and State. on this day personally appeared of THE CITY OF LUBBOCK. a Home Bale Municipality, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said City of Lubbock, a home Rule Municipality. and that he executed the same as the act of such corporation for the purposes and consideration therein expressed, and in the capacity therein stated. Given under my head and seal of office. this the day of Jaouary. A.D.. 1962. Notary Public, Lubbock County. 'Texas.