HomeMy WebLinkAboutORD 66-DAN ORDINANCE..
HAT1FX1N(i- AND CONFIRMING CONTRACT OF- SALE AND SU.FPLMMT THERETO
F EC u TED .6 i THF,, T. ld&YO R "D CITY MMAGER O F THE- GYITY OF BEAUMOrT
FOR AND IN bEH.AI EP u.r' SAID U I TY !VH TaE PURCHAM OF -2ROPERTY TO
BE USED'-FOR STREET INPHOVEM,T PiiHPOSES: AUTHORIZING THE ISSUANCE
OF PROMISSORY ROTES OF .SAID UITY IN j�A)MEUT OI' THE 2URCHASE PRICE
LEW-3BG A T&':TO PAY THE INTEREST. ON SAID-NOTES Ann PHOVIDE A
SINKING imm,-TO PAY `PHE PRINCIPAL AT kA`MRITY; AND yECZAKING AN
EMERGEK. CY
WEMIM, heretofore, to_-Wit, on the 10th day of-June` 1923, the
City of .deaumomt, acting, by. and_ through its �a or__and Gity 4anager;
executed a contract of -sale wherein and whereby, the . said City
agreed to .purchase from R:P._ 0 iBii.en, Gladyce-OiBrien, f ienanl
O tBici en and Christine Chilton .011rien,-- certain "tract of land
situated in the 04t of 'oeaumont fully.-.described .in a copy .of
proposed deed attached to, and made. a part of said contracf to be
used for street improvement purposes, for a_cash consideration of
$601-000:00; and
WHEREAS, on the ��d.ay. of _August, 1923; the parties to said contract
entered ..into a Supplemental, or amended agreement'whereby it was:
agreed between said parties that the consideration for said property
should be paid by--the .issuance �arid .delivery of promissory notes of
said City, in lieu of the casji. payment, said contract of sale and
supplement, agteement being in words and,figures.as follows-.4-0
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THE STATE -OF TEXAS; ) BdEBIIORANDUM, OF,, CONTRACT OF SALE BY .AND
BETWEER GHENAULT.0"BRIEN0.AND ROBERT
COUNTY -OF JEFFERSON: P. O tBRIEN, GLADYCE O =BRIER; AND' C_ HRISTM
_ 0. QJBRIEN;.- ACTING BY' -AND, THROUGH THEIR.•
;DULY_OTHORIZED AGENT, CHENAULT OIBRIEN
FIRST PARTY, -AND THE CITY OF BEAUMONT ,
SECOND PARTY'# —
WI TNMSETH:
First ' arty agrees, o. all to Second : Party, and Second Party.
agrees .. t.o . buy ' from First = Party the hereinafter described River- :
front property for street Purposes and wharf and dook purposes;
for the cash purohase'.pr cis of -SIXTY -THOUSAND DOLLARS,,_($60:iOONO0:)', ,
in accordance with_ the .terms, and oonditions of- the proposed eed,
a- copy `of which is hereto -,'-attached and 'made _a part of this agreement;
such property being set forth. and described insaid deed;. ,and all. of.
which terms, eonbiderations and. conditions as set forth in.' said Deed =
are' agreed to- :arid : contracted to- be .performed by said City, aoting-
herein. through its, Mayo r-Aulq,"authorized so to do:
First Party has heretofora-furnishsd Second darty a complete
Abstract:of title to said property complied and certified by
Jefferson County abstr'a6t Oompany and the- City Attorney has ermined -
same,, and it is. agreed.; . andsaid iitle..i6* declared by. jeoond karty .
to be good, satisfactorsr-and aooeptable, to the'0ity as now vested
in'the parties who have heretdtore executed said deed; copy of which
is hereto., attached;.: and.: --the .,.form of -said. deed- is. aocaptable, - and . this
sale, for: the purposes stated °in said. Deed and upon the terms,
conditions and considerations therein 'set forth shall 'be a0n8um2aete3
and the,cash.-consideration above-mentioned shall be paid over to
: -First.--Party (or.;_the legal � represei?.tativ.es of said grantors )within
four- (4) months; .from date : of. said , proposed Deed (dated 29 ; 1923)'t
.-otherwise at- First•=arty's: option- , this oontraot , shall thereupon-
terminate, expire and bseome :cancelled and, of -no further fome, and
said Deed may' thereupon be .ros.ervad, 'cancelled and destroyed by First
Barty;. and the granto"rs therein"- : b.aid Deed has been duly executed
and acknowledged- :arid plaoed wM .First Party for delivery upon-
payment�'of . said., cash :consideration; in-'aceordance with the . teams ' -
hereof::..
IN:`TESTiMONY' WHEREOF, ",WITNESS' the hands of. the parties . hereto
this 10th day of June, A,D. 1923:
R:P,- O'BRIEN
GLADYCE 0 =BRIEN
CHRISTINE CHILTON O'BRIEN BY
CHENAULT'01BRIEN, AGENT
CHENAUL T 01 BRIEN , P
-.
FIRST, PARTY
THE.CITY OF BEAUMONT'.
: By A. STEINHAGEN MS, MAYOR
;.. : ;...:..
,:Y;_.'.l 4-7:
SECOND PA
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aty.r, Of reGord ill volume, !?age 39,,_wIth map att;tehed_ tee-or-ded,
in Ree-ord Vo3=_a_ 3, Page- tbmtte, :9611(ming saidgreed-
aw-111 IM -0- -0;e eca& Hwastexd. tzaatj, in a Horthe"t-erly- dirWaq'
to the wat-era of. the Aaohds River; thence Meanderingyap said. Idver
Earthward to the North line at said Homeataa&,; there Wast-eidly on
the NOrth Ijnaq 0--f salft Homeztead tract_ (-game toing the Mouth line,
of the old tavm of Berwmont)- to ther p1we of begirningi
Said land beirg bei. ebb conveyed to the City for th-e. use and
Purpos-ek oT opening.- wtablisblng end maintaining- a paved pubj.�q-
,otreet and sid-o-w&Tke therew., along the grant off' the pooperty
_retsintd by up; and the Aaate= portion of raid Propert-7 emveyadv'l
to be used for Wharf and _-dooL- Pu,;_Po:j3,es -by Said, 0.*t7,, or any
purpose :reasqnab3,V i=ldentaX -ifior-4
to. or :ror park purpoaes or for.
auy 0,ther Purp-q'so not a nuisfmee�t. all as hora;tnafter fa-ly
dewx:tbod and s3pecifted.,., md for no oth-er uDo or purp000t.
And as a part of the opnsld*ration for this _eanY*ya.=* Vt Is
Oxpxopsly agreed and stipuUtad that the 0�of Daa=pn�#, End
the suposswra of said alt or 13=alpalit�y_,. shall open-, aphstraqt,
and
P-OrPeftal,I.V maintain and pave a parmMent atreet along and
wrozz the propexty hereby -annvayed., jf.'T4= the pias -ent't-e=.
ims aid
orlowa strea+kiauoh of et to run theme- a1mg the Baata= p-roparty
.Une of that pian of oaid iI0me2,te4d_,trae_t- retnjued by qsI(said
astern property line to be the Western line of said ztzeot Im-
pxovammts) m that laid re-sidue rotala-& by ns may fmit upon -said
otreet.,, and said ,etx_e6t; to continue Irom rho pr-eaexkt to nus of.
Qr1a=8 Streatk aero -Ps the O'Brien Homeat-etd tract in a course
parallel with 26rk $treot, ;Rnd the nae,
along the mo -et d4xedt -and
nsarest routs to itz inter(w tion with the pre qont toqdnaq of
30$ne ka9z AvWue for provided 2wnsylvania Ave liva- is first,
widerked to elxty f6o) Ie.ot and paved to a width as at least
twenty -acv= 070 tit :ftola &axb to =b and paved wj�th gvlsas
"B" paverpat-- +I=Uhout, iron its lnto�rseetion vath Emott Street
to its interreeft,-onv�it'h�Rail-road Av then in. such ovento for
Gity'May if it cleats so to 40, connw-t the prb_.bed otreet with
the proomt, twxnlnug of 2ennoylvenla Avenue.) and onja street to
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THE STATE OF TE%A3:
COUNTY -OF JEFFERSON } TESS.. AGREEMENT entered into "on the
day of August, 1923, - bar "and between: Chenault, .!''Brien; Christine_
Chilton, O'Brien, R.p..O'Brien :snd Gladyce O'Brien!_:First P'artieg;
and The City, ' of• Beaumont, Seoond Party, as a SUPF TT OR AMMMFM
to an -AGRFMM4 or :CONTRACT OF., SALE entered into, by and between said
parties on the .10th day of June; .19,23' to which this is attached and
made a -past•-thereof, WITNESSETH:
It is agreed by .and between` said parties that the consideration, .
or purchase price, .of the property described in said contract- and the
proposed-deed thereto :attached, .be " paid by the. issuance and ' deLi.very-
to Vendor sixty certain promi-ssaty notes;" described . as follows:
Numbered from 1 to 601 ,inclusive; of the" ;denomination of $1;000.00
each; `.aggregating60,000Oa, 'datedune".IZ, 1923, 'due serially .3.Q00
eacrh;year 1824 to 1943: inclusive .,.bearing interest at the rate .af 5gf
p er annum, ".payable �ugus � � , , 19 23 ,. and 's ems—annually thereafter o' th e
,Ist day.of January and I:st day 'of 'ouly of each year; said notes to be
e$eQut-ed -arid delivered to said- Vendors, or theirorder, upon delivery -`
of- p-roperly prepared and "executed warranty deed .conveying' said property
to . sai .d Litt';
IN TERISTWONY WHEREOF, witness the hands -of the parts es hereto;
this the'day. of. August, 1923: "
_71ret Tar es
TH33 GI TY of : BEA TIMONT, " 6econd Party
Mayor
City iiia e'r
.A
and
. WB3 REAS, .said-., cont.raot, and the- supplemental contract. have. been
- referred to and approved by the - Uity- Uouneil
of sai d ' dity .and duly
concurred in by --all �bh� ' �.commigssioner's of 'said . City;'IVOw; 'THEREFORE:
BE IT, ORDAINED BY THE OITY GOWISSION OF THE .CITY OF .: .
BEAUMONT, TEXAS,".
SECTION =1, �mat- said" contract 'of sale
and _ the- supplement;
or amendment .thereto; herein referred to'. and
set out; " ent.ered � into
by .and,- between the -said' H.F. O'Brien; Gladyce
O'Brien,. Ohenault
O'Brienand Ohriseine O'Bridn; arid- the City
of )�6aumont;is. hereby
ratified; aonfixtiod. and -'adopted as the act.: and contract of the said
Oity of Beaumont; and said contract.- shall be
consummated" _in
accordance with the terms. thereof:
SECTION, 1l: Me.,purcha_se-price -to -'be- paid
by. said- Oity of
.Beaumont for said. property shall be evidenced by`the', issuance and.
delivery to said endors9 _or, their order` ` of
promissor7 notes of -
said Oity described as followgt:
.Said notes shall ba- numbered. from ,one. (1) to~ sixth: (601
- inclusive, shall.be of the, denomination -of One .yhousand Dollara
( $1,000;00) eaoh,- aggregating,---4xty Thousand
Dollars °($60,000:00):
They- shall be dated the?, 2th day,: of :June,,= 1923,.
and: shall become'
due and: -payable: serially as_'follows:
_
NOTES NUMBERS -DATE.OF MATURITY, - AMOUNT .
•o Zj nc usive - u y s ;.
4 ,to 6; rr . 4uly, 19 1925
3;x.00
.. 3,000.00
?, to 9, -,. : ". July I, 1926
3,000:00
10 to 12 n duly 1; 1927
3%00000,
.
13. to 15 j' July 1, 1928
-.
3j,00000-
..
16 to . 18- '� - �ulg let ' 192.9
3,000:00
19 to 21 duly i, 1930 -
39-000.00-
-.'7
22.- to 24 cr .duly 1st, -1931,.
3.;000.00:
25 to " 2 '� illy 1;: 1932:
3.x.000.00_
28 t`o 3a. ri :'` July 1, -1933
-3-;000-100
" 31' to 33- R - -4uly 1, 1934
3,000600 .
34 to 36 duly 19 1935
3,000♦00
W-. to 39'... 'r Jlily. 1, 1936-
3, o wo
40 to, 42" rr duly i, 193'X.
00000
loft
.3
.43 .to 45 ' _ ding i, . 1938
%000:00
.46 to 48.' - 1� July 1939
3;000:00_
"1.,
49 .to .51 7. julg-1; "1940
-
. .
52 to 54 - - July 1, 1941
-3,s000:00,
3,, 000:00
55 to 57 n:. July. ,1, 1942,-
_ .'3-;000:00 =
- . 58 to 60 - rr . July 1, .1943.3-000,00,
-
�� _.�.�
�F
�_ �--%
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sew iork, ew York, at the option , 'of the holder:
This note, is one of a -series of, sixty 60):. not as -numbered
consecutively from one lj to sixty (601 inclusive,, of. the.
denomination of One Thousand Dollars ($1*000000) each'...,aggragating
8 1 xt
y lhdudand Dollars:($60,000'00j., authorized-tt be, issued in
payment of the purchase pric a -of property situated in the City of
Beaumont, '�Gxas, purchased by -:said - City from. dlBrien,
ahrlstine Chilton, O'Brie'n:j B-,obdrt 2 O'Brien.and Liladyce O'Brien,
by contract dateA-june 10* 102!3- for street improvement purposesj-
under and by virtue of the -Constitution and, laws of the State of
Texas; and the Chartar''.'of said. City, and in pursuance -of an
J
ordinance passed b . iLhe-Gity commission of said,)�ity of Beaumont;
on the -day of 1923,,which is redo.rded'..in Book pages
at seqi of the Minutes of -said 6ommissioni
'!hed at eP f this note, in c onfarmi ty with. said- -ordinance,
.
is dune 12, 19230
Ir -ib -LUBBY CERTIFIED AND RECITED- that all acts, conditions
and things .required. to be done -precedent to -and in. the issuance
of - -t his note, have been properly
,done 6,hd'performed, and have-
happened
avehappened in regular and due time, form -and -manner'-- as required -by
the fall faith and. 'Credit of the'Gity -of:.be
law, and that, aumoil
and the special tax which- hasbeen levied for the payment,- of
princippl.. and. ij:iteres.t,•of.'this' series- of notes are -hereby
irrevocably pledged for 'the punctual payment of the - p rineipal and
interest.of this note; and that thiszeries of notes.. together
with'all other: Indebtednesa.og,-said City.''does not exceed any charter*
constitutional-, 'or.statutory limitation,�
'IT 13 SPECIALLYY-AGREED that .all past, due interest hereon
shall bear interestat-the rate of 5j%Lper.anhum; and if this note,,
or- any interest coupon hereto attached,_ is not -paid at maturity
therebf," and,same-io placed 'in ,the hands ofanattorney for collection,
or if collected by legal process'. . the City of Beaumont'. -agrees -to pay,..
.10 additiphal---on.- the amount: 'cif principal and interest -then due; as
attorney's fees.
IN TESTIMONY WHEREOF 'the. city. of
Beaumont,
eaumontTexas, -has caused
its o'o.XporAte seal. to= be hereto affixed, -'and -Lhis -sign'
note - to he ad
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