HomeMy WebLinkAboutResolution - 6063 - Accept Assignment Of Assets, Liabilities, Contracts From M.E.T.T.S. Inc. - 10_08_1998Resolution No. 6063
Item No. 72
October 8, 1998
RESOLUTION
WHEREAS, the City of Lubbock previously contracted with Marketing,
Entertainment, Travel, Tourism and Sports, Inc. ("METTS") to provide convention and
tourism services for the City; and
WHEREAS, the Board of Directors of METTS has voted to dissolve the METTS
corporation; and
WHEREAS, the Articles of Incorporation of METTS named the City as its
successor in interest to all of its assets and liabilities;
WHEREAS, the City of Lubbock desires to accept said interest; NOW
THEREFORE:
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 an Acceptance of
Assignment of assets, liabilities, and contracts from Marketing, Entertainment, Travel,
Tourism and Sports, Inc. Said Acceptance of Assignment is attached hereto and
incorporated into the minutes of this Council as if fully set forth herein.
Passed by the City Council this Sth day of October
WENDY SI N,
ATTEST:
I (0"-Uj �"�
Ka 'e arnell, City Secretary
APPROVED AS TO CONTENT:
Tommy Gifnzalez, Manq2ing Director of
Civic Services
APPROVED AS TO FORM:
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October S, 1998
Resolution No. 6063
Item, No. 72
October 8, 1998
ASSIGNMENT
MARKETING, ENTERTAINMENT, TRAVEL, TOURISM AND SPORTS, INC., a Texas non-
profit corporation, assigns all of its property and assets of every kind, real or personal,
tangible or intangible, including property known and unknown at the time of this
Assignment, to the CITY OF LUBBOCK. The corporation makes this assignment in final
distribution of all of its assets on dissolution of the corporation. By accepting this
assignment the CITY OF LUBBOCK assumes all of the liabilities of the corporation to the
extent of the property received by the City.
Executed on the 8' day of October, 1998, at Lubbock, Lubbock County, Texas.
MARKETING, ENTERTAINMENT, TRAVEL,
TOURISM AND SPORTS, INC.
By:
I�A,----
U Briojes, Vice -President
RECEIPT OF DISTRIBUTION
The CITY OF LUBBOCK, acting through its Mayor, WINDY SITTON, by this
document acknowledges that in return for its receipt of all assets of MARKETING,
ENTERTAINMENT, TRAVEL, TOURISM AND SPORTS, INC. it has assumed all corporate
liabilities to the extent of the property received.
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