HomeMy WebLinkAboutResolution - 091373E - Transfer Of Mechanics Lien And Debt - LBK Abstract - N. University Ave. - 09_13_1973Av
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BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock a TRANSFER OF
MECHANIC'S LIEN AND DEBT from the City of Lubbock to Lubbock Abstract and
Title Company attached herewith which shall be spread upon the minutes of the
Council and as spread upon the minutes of this Council shall constitute and be a
part of this Resolution as if fully copied herein in detail.
Passed by the City Council this 13th day of September 1973.
ATTEST:
Lavehia Lowe, City Secretary -Treasurer
APPROVED AS TO FORM:
0^'
er, J eCity Attorney
ORRIS W. TURNER, MAYOR
TRANSFER OF MECHANIC'S LIEN AND DEBT
THE STATE OF TEXAS:
COUNTY OF LUBBOCK:
Under date of May 28, 1969, BMTSK Investment Company, Inc., acting by
and through its president, made, executed and delivered a Mechanic's Lien upon
certain property abutting the west side of North University Avenue, in
Section 12, Block A, Lubbock County, Texas, the said property being fully
described in the instrument recorded in Vol. 142, page 47, Mechanic's Lien
Records of Lubbock County, Texas; said Mechanic's Lien being given for the
purpose of securing an indebtedness of $6,152.97 to be paid to the City of
Lubbock, a Heave Rule Municipal Corporation, with interest, according to the
terms of an agreement of even date, and a promissory note executed by said
BMTSK Investment Company, Inc.
In consideration of the sun of Six Thousand One Hundred Fifty Two and
97/100 ($6,152.97), plus interest, paid to the City of Lubbock by Lubbock
Abstract & Title Company, a corporation, the City of Lubbock, a Municipal
Corporation, acting by the undersigned officer, does by these presents, trans-
fer and assign to Lubbock Abstract & Title Company, the Mechanic's Lien,
contract lien, nots and debt of BMTSK Investment Company, Inc., to the City of
Lubbock as described in the instrument in Vol. 142, page 47 and following,
Mechanic's Lien Records of Lubbock County, Texas, together with the promissory
note and other instruments and documents referred to and incorporated in the
Mechanic's Lien by reference) investing as well in the transferee the full right
and power to exercise all of the legal rights and incidents of ownership
including but not limited to suit for collection of the debts institution of
foreclosure proceedings as well as to make, ekecute and deliver further transfers
and/or releases as if said transferee had been named the original beneficiary and
payee of such lien note and agreement.
The City of Lubbock represents and warrants that it is owed upon the
indebtedness the full sum of $6,152.97, plus interest accrued to date.
WITNESS the Execution hereof this 13th day of September A. D. 1973.
CITY OF LUBBOCK:
zYi
Morrie Turner, Mayor
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THE ST4 OF TEXAS:
COUNTY OF LUBBOCK:
Before me, the undersigned authority, a Notary Public in and for the
County and State aforesaid, on this day personally appeared Morris Turner,
Mayor of The City of Lubbock, a Municipal Corporation, known to me to be the
person and officer whose name is subscribed to the foregoing instrument, and
acknowledged to me that he executed the same for the purposes and consideration
therein expressed, and as the act and deed of said City of Lubbock, and in
the capacity therein stated.
GIVEN UNDER MY HAND AND SEAL OF OFFICE, This 13th day of September, A. D.
1973.
Notary Public, Lubbock County, Texas.