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HomeMy WebLinkAboutORD 16-UC) 0 o n l, 3(o 2 - AN ORDINANCE AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE AND DELIVER A. DEED TO SAMUEL BEAN, ET UX., CON- VEYING.LOT SEVENTEEN (17), BLOCK FIFTEEN (15), CARTWRIGHT ADDITION, AND -TO TRANSFER THE VENDOR'S LIENS RETAINED THEREIN TO THE AMERICAN NATIONAL, BANK OF BEAUMONT.AND TO MARY J. GILDART. . WHEREAS, it is necessary for the City to purchase the west ninety-three (93) feet of Lot One (1), Block Four (4), Mc- Faddin Heights Subdivision, for Highway 90 right of way, said property being presently owned by Samuel Bean and wife, Cleopatra Bean, subject to a vendor's lien in favor of. The American National Bank -of Beaumont to secure an indebtedness in the amount of Eighteen Hundred Forty -One Dollars and Ninety -Eight Cents ($1$1.1.9$), and a vendor's lien held by Mary J. Gildart to secure an indebted- ness in the amount of Three Hundred ($300.00) Dollars; and, WHEREAS, in order for the American National Bank of Beau- . mont and Mary J. Gildart to retain the liens above mentioned, it was necessary for the City to take title to Lot Seventeen (17), Block Fifteen (15), Cartwright.:Addition, in its own name and con- vey the property to the Beans, retaining vendor's liens to secure the above indebtedness, and then for the City to transfer these liens to these parties; NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF BEAUMONT: That the Mayor and the City Clerk be and they are hereby authorized to -execute, and deliver on behalf of The -City of Beaumont _a deed to Samuel Bean and wife, Cleopatra Bean, conveying title to Lot Seven- teen (17), Block Fifteen (15), Cartwright Addition, and retaining in said deed a vendor's lien to secure the payment of the above mentioned outstanding indebtednesses, and that said officials be it �1 ti��� ,r i. . � ,r• Ori ti.._' w-' and they are hereby authorized to execute and deliver on behalf of The City of Beaumont a transfer of the -above-mentioned indebted- nesses and liens to The American National Bank of Beaumont and to Mary J. Gildart. PASSED by the City Council this day of A. D. 19.90 Mayor