HomeMy Public PortalAbout1925-1962 - To Purchase a Service Company (3)ORDi AN CE 190® 10.5 a 962-
CI TY OF R± CrHVIO D6 INDI NA
141HEREAS the City ®f Richmond., ind an.a (her.ea naflteLr
called "this City") 19the ovmer of opera es file eldei t `
utility feci lit es In and, adjacent 6G this'. Ci t.ygb MIC,
WHEREAS Public Se-f -kee Company of Indiana. inc 4:(I-aerem
inafter called, "SerVLae Indiana coparatione is
the offer of and..Operates C_-L—Ktain e e�3tric fa'q tles (hege:i�_
after called the I'Suibjew: Fop r�,,_yhereinakper more
desdribed in- the contract. siet ow i �L-he fourth. preamble og..thi, ;.
®rdin ceg located in and adjacent to hl i City and has offe--red
to . sell the same to thi P, City; and
WMEREAS the Commani Council of this Cityhas the pwoer
under . the laws ®f the State b :Endiana t® authorize the gar chase
-and
WHEREAS the Commani. Courac .l- ®k .:tilts City deeds it Aesird.
able that this Utt r purchase Cho SubjeCr..: Foope;rty,, arid' Service
CompLiny has made t,o this ity a Off Or 0 sell sub e'et
Prepdrty upon the ..termer and: candl tion4s of the follcc-n ng propjaaed
Contract (hereifta tsr called. the £39�abj4et ;'Froperty Contedatf")�1
G HERIEAS..the. COMMON Council of, Ithis City belleve -*tbfdt
it m.-is .'in the .best : xitereists`-of t°ai.o 'City., and of 'the etc et'r-110-
ach pumer s nerved by it, the Sub j 66-t p,rope r-ta;F COnt., 64 6 ` .6e mac h;
and 6heered intgq and thgtt � if the a&n-di ions for the IrOlivlamfa ion
of, V�'1641-ded £Pr. d-en be qet 'he 6,.qt.
11troper y. be patch sed from " Service Corrdany pursuant. to he .-terms
theirsoft
o thy: s city t:h6a
Secs ion.. Vhe City chadl aid it does �l.e eb . ` eeg�� the
afdresaid offe-er . ;® sell .tie Subject Property which has: bey .Tad;
by Sevv.ce COMpaw ,, and tt he€� the City ishall through It@ duly
qualified, @pnatituted, and.: neting Board 6f Public Jgorks �and< Safety
of - this City execute and deliver the S6bJept Property C6z*_itjriaCt nor
and an .behalf of phis C,:�
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