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HomeMy Public PortalAboutORD06709 h.i.. SECTION 4. This Ordinance shall take effect and be in force from and after its passage and approval. assed Mar.2. 1959 Approved: 3/1211959 rthur W. Ellis Isl Arthur W. Ellis /s/ resident of the Council Mayor RDINANCE NO. 6709 ORDINANCE OF THE CITY OF JEFFERSON, MESOURI, AUTHORIZING AND IRECTIN"G THE MAYOR AND THE CITY CLERK, FOR AND ON BEHALF OF THE 'PITY, TO EXECUTE AN OPTION FOR THE PURCHASE OF CERTAIN SPECIFICALLY ESCRIBED REAL ESTATE BY WHICH THE CITY IS TO BE ENTITLED TO URCHASE SAID REAL ESTATE FROM THE STATE AMUSEMENT COMPANY, A ORPORATION, FOR THE SUM OF $449531.25 ON OR BEFORE MARCH 1, 1960" F THE CITY SO ELECTS. E IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JEFFERSON, TSSOURI, AS FOLLOWS: ection 1. The Mayor and the City Clerk of the City of Jefferson, ssouri, are hereby authorized and directed, for and on behalf of he City, to execute an option for the purchase of certain pecifically described real estate from the State Amusement Company, Corporation, for the sum of $44,531.25 on or before March 1, 1960, f the City of Jefferson elects to exercise said option. Section 2. Said option for the purchase of real estate shall read in words, figures and terms as 'follows: OPTION FOR PURCHASE OF REAL ESTATE THIS AGREEMENT, made and entered into this day of March 1959, by and between State Amusement Company, 1806 Baltimore Avenue, nsas City, Jackson County, Missouri, a corporation, hereinafter eferred to as the "Owner" and the City of Jefferson, Missouri, a unicipal corporation, Cole County, Missouri, hereinafter referred o as the "City" , WITNESSETH: 1. In consideration of the sum of Fifty ($50 .00) Dollars paid ' y the City to the Owner, receipt of which is hereby acknowledged, he Owner gives and grants to the City the exclusive right and privi ege f purchasing the following described property located in the City f Jefferson, County of Cole, Missouri: "Part of Inlot No. 335 more particularly described as: Beginning at the northwest corner of said Inlot 335, thence southerly along and with the westerly line thereof 118 feet 9 inches ; thence in an easterly direction parallel to the northerly line of said Inlot a distance of 52 feet 2k inches ; thence northerly parallel to the westerly line of said Inlot 16 feet 9 inches; thence easterly parallel to the northerly line of said Inlot a distance of 10 feet; thence northerly parallel to the westerly line of said Inlot a distance of 102 feet to the northerly line of said Inlot; thence westerly along and with the northerly line of said Inlot 62 feet 2k inches to the point of beginning." 2. The option price for said property is Forty Four Thousand ive Hundred and Thirty One and Twenty-Five/ One Hundreths ($44,531.25) Dollars and if the City elects to purchase said roperty, a warrant on the City Treasury in said amount shall be elivered to the Owner, or its designated agent, and the Owner hall at the same time and place deliver to the City, or its esignated agent, a good and sufficient warranty deed to said roperty. 3. Notice of the City' s election to purchase hereunder may e given at any time prior to March 1, 1960 to the Owner or to its esignated agent by a writing signed by the Mayor of the City. 4. Upon notice of election to purchase being given to the Owner Lt shall within fifteen (15) days thereafter, at its own cost and xpense, furnish and deliver to the City, at the office of the City ttorney, an abstract and unlimited certificate of title to said roperty by a competent abstractor satisfactory to the City. City hall have thirty (30) days from and after delivery of said abstract nd certificate within which to examine the same. If City' s Attorne inds that the title to said property, as shown by said abstract and ertificate, is well vested in Owner and is free and clear from any nd all defects, liens, encumbrances, taxes and assessments, then he parties hereto shall, within twenty (20) days after City notifie er that the title is satisfactory, perform the provisions of aragraph two (2) above; but if the title shall be otherwise than as bove stated, then this option shall be at an end and Owner shall, pon demand, pay back to City all monies theretofore paid by the ity to Owner on account .of this option; however, Owner shall have hirty (30) days from and after notice in writing to it is received f any legal ground for rejecting said title within which to cure ny defect in said title and remove said ground or grounds of ejection. 5. All taxes or assessments levied or assessed upon said proper y fter notice of election hereunder shall be paid by the City. 6.- The City shall be entitled to take possession of said proper y immediately upon delivery of the purchase price warrant drawn on the City Treasury as above stated and provided. IN WITNESS WHEREOF, the parties have hereunto executed this ption contract this day of March, 1959 . STATE AMUSEMENT COMPANY (By) President ecretary - Attestation CITY OF JEFFERSON, MISSOURI (By) Mayor ATTEST: City Clerk STATE OF MISSOURI ) SS. OUNTY OF JACKSON ) On this day of March, 1959, before me did personally ppear Edward D. Durwood, to me personally known, who being by me l my sworn did say that he is the President of the State Amusement ompany, a corporation, that the seal affixed to this instrument s the corporate seal of said corporation, and that said instrument as signed and sealed on behalf of said corporation by the authority f its Board of Directors. And the said Edward D. Durwood acknowledges said instrument to e the free act and deed of said corporation.