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Home My WebLink About01720 ORD - 10/03/194410/3/44- AN ORDIN?rCE AUTHORIZING AND DIRECTING TEE MAYOR AND CITY CONTROLLER OF THE CITY OF CORPUS CHRISTI, TE7.AS, TO EXECUTE, FOR AND ON BEHALF OF SAID CITY, A REAL ESTATE SALE CONTRACT BY AND 337WEEN THE CITY OF CORPUS CHRISTI, TEXAS, AND GEORGE H. JONES; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF TIF, CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the Mayor and City Controller of the City of Corpus Christi, Texas, be, and they are hereby, authorized and directed to execute, For and on behalf of said City, a real estate contract by and between the City of Corpus Christi, Texas, and George H. Jones, a copy of which contract is attached hereto and made a part hereof, and reads as follows, tom' to I� 'Real Estate Sale Contract (Providing for Title Insu'r`ance) r THE STATE OF TEXAS COUNTY OF NUECES This memorandum of agreement made and entered into by and between 2ho aW r Got" _ 9"Wr Iii *g hereinaf r called /SeI�J, of the County of State of Texas, and ! hereinafter called Purchaser, of the County of— 11 State o eras, WITNESSETH: 1. The Seller, for the consideration and upon the terms hereinafter set out, hereby sells and agrees to convey unto purchaser the following described property situated in B AMM County, Texas, to-wit: 2. The purchase price ig FQAV fb* Thaaeul!( ) r Dollars, which the Purchaser agrees to pay Seller, as follows: 'rW%V!rLT0 MMUN tod (616,00()) " Dollars, cash to be paid when deed to said land is executed and delivered to Purchaser, as hereinafter set out, and the balance of said consideration to be evidenced as follows: (a) Indebtedness to be assumed: am! (b) Notes to be executed: YEID the payment of all of which is to be secured by vendor's lien and by deed of trust containing the usual convenants and agreements. 3. Seller agrees to fumisb Purchaser a policy of tilde insurance to be issued by bhe Guaranty Title and Trust Com- pany of Corpus Christi, Texas, in the usual and customary form, which police' shall be issued immediately upon the closing of t is del, and filing of Parebaser's deed for record- Pending cksing of deal, the opinion of the examining attorneys for the Goaranty Title d Trust Company showing title to said property good in the Seller, and the Companyy agreement to issue said policy upon closing of deal and filing of deed, shall be deemed sufficient for closing, and deal a 11 be closed thereon, and policy thereafter issued in accordance herewith. The opinion of the examining attorneys for Guaranty Title and Trust Company on said title shall be deemed corrclasive as to the status thereof. 4- In case any objections to title are raised in said opinion, than the Seller shall bave a reasonable time in which to ruxe said objections and show good title, and secure the final approval of said title by said Guaranty Title and Trust Com- pany a' attorneys. In the event of failure so to cure such defects, than the earnest money hereinafter receipted far shall be- returned to Purchaser upon the cancellation and return of this contract, or Purchaser may enforce specific perfarmanee hereof. 5. Seller agrees upon approval of said title for title insurame by said Guaranty Title and Trutt Compaay'a attorneys, me¢t to issue title policy as above set oat, to deliver a good and sufficient general warranty deed dravm , ran provisions of this contract, properly conveying said property to said Purchaser =*..s = =e* . fJ, ,= eon to wu �..,.y weu p v w oy by a -tBiiL D, h 6:.' A➢ rases to in de t e year all be paid by Seller; rases far the current year, a d c te, manrance d_ and interest, if any, shall be prorated o£ cloaing. 7. Ppnrchaaer has this day deposited with the " .the amn ofd .33d �p�1GD L>�- GOO�OOL TMllars e n t money hereunder to b. applied the sh payment boas set o¢ deal 1s closed, at wbich time the be].— of thercash conaideraGOn aba➢ also be paid. Should the P¢eehaser fail to co mate this contract as herein speeffied for my reason, except title defecta, Seller shall be entitled to receive said cash deposit as liq¢idated damages for the breach of this contract, or hA�athio n eoforce aysciTiG pe rformance hereof. ti GQZW V§: nQ 0010 sign /11111 Di � g. This deal shall be closed on or before the —_. _. -day tD�= 194-4 and possession is to be given r,a Alto of pinwl 8_ 9. The 3e➢er agrees to pa9 the Real Estate Age¢t m." this sale the usual 6% commissio,� y iOLi1�®ltiOII OS till/ Lill. EXECUTED in triplicate, either copy of which shall caystibrte an original, en this the - a =y of Oita*er A. D., 19441-- e,OMERSIGNEDI r er nom,...,,. Ols..f .aia Sarni City Gentrol3mr D5- Vw- Seller ATTESTt city to P—h- APPROM AS TO LEGAL. FOEM, Omo� e` - -'id The Guaranty Title and Trust Company y set out Paragzaph 7 hereof and agrero to execute this trust for both parties hereto. GUARANTY TITLE AND TRUST COMPANY R F H � C, F � o W t g Y x z ; z 9 N Po p U W W 3 t� O El V C f i �� +� ash' bg1`w x -� — 5� TUCT D. BSIBG a tract of land appr- dmstOlY 180 feet by 188.8 foot lying east of and being adjacent to Lots 4, 3, 2 and + e north 29.89 feat of Lot 1, Water Blook 1, Central hUrf and Warehouse C=paxxy's Subdivision and more particularly described as followar BLGDMING at the northeast corner of Lot 4, Water Block 1, Central Wharf and Warehouse Compax{yes Subdivisions said point of beginning bearing S. 76 00e E. 150.0(1 feet from the original northeast of corner Water Street; �+, which corner lies in the original east property THOCEi S. 72030130" 8. a distance of 188081 feat with a line that is 258.04 feet south of and parallel to the center line of Laguna Street to a point in the west property line of Shoreline Boulevards THOCEe 3. 17 °29130" W. a distance of 168,37 feet with the west property line of Shoreline► Blvd. to a point for a oormorl Tffm I H. 7eoot W. 188.95 feet with a line that is 60.0 feet north of and parallel to the extension of the south property line of Cooper #s Alleys same being south property lino of Lot 8, eater Block 2, Central Itiarf and Warehouse Conger's Subdivision to a point in the east property line Of Lot 1, water Block 1. Central Wharf and Warehouse CompanyIm Subdivision; TMCEI 1. 17026'20" E. a distance of 179.89 foot with the east property line of Lots 1, 2, 3 and L6 Central Wharf and Warehouse Company's Subdivision, to the northeast corner of Lot 4, Water Block 1, Central Wharf and Warehouse Company's Subdivision, the place of beginning. SECTION 2. The public importance of this Ordinance creates a public emergency and an imperative public necessity requiring the suspension of the Charter rule or requirement that no Ordi- nance or Resolution be passed finally an the date of its intro- duction, end that said Ordinance or Resolution shall be read at three several meetings of the City Council, and the Mayor, in writing, having declared that said public emergency and impera- tive necessity exist and having requested that such Charter rule be suspended and that this Ordinance be passed finally cn the date of its introduction and take effect and be in full force and effect from and after its passage, IT IS, ACCORDINGLY, SO ORDAINED. PASSED AND APPROVED this, the I day of October, A. D. 1944. MAYOR, city of corrus Christi, Texas ATTEST: i y acre APPROVED AS TO LEGAL FORM% 4�2z' JL ae CORPUS CHRISTI, TEAS October -,7_, 1944 TO THE =MERS OF THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI Corpus Christi, Texas Gentlemen: For the reasons set forth in the emergency clause of the foregoing Ordinance, a public emergency and imperative public necessity exist for the suspension of the Charter rule or requirement that no Ordinance or Resolution shall be passed finally on the date it is introduced, and that such Ordinance or Resolution shall be read at three several meetings of the City Council; I, therefore, hereby request that you suspend such Charter rule or requirement and pass this Ordinance finally on the date it is introduced, or at the present meeting of the City Council. Respectfully City oT Corpus Christi, Texas The Charter rule man suspended by the following vote: A. C. McCaughan Jos. Vireur Ed. P. -Mlliams D. A. Segrest B. G. ho£fett The above Ordinance was peas by the following vote: A. C. hoc Gaughan Jos. Yireur Ed. P. gilliams D. A. Segrest S. G. Moffett \i IAa- RMI� FARMS AND RANCHES AND SUBDIVISION PROPERTIES LARGE TRACTS FOR SUBDIVISION LOANS. INSURANCE LEASES. RENTALS, PROPERTY MANAGEMENT CORPUS CHRISTI, TEXAS Fred (�uaile Realty Cc Corpus Christi Texas Gentlemen? I am attaching my check as earnest money to apply on the purchase if accepted of the property belonging to the City ov Corpus Christi Bounded on the East by Shoreline Boulevard on the South by Coopers Alley and on the West by Water Street being 160 by 300 feet exclusinve of set backs and street widening. It is .nderstood that if this offer is accepted I am to enter into a sales contract for its purchase wherein the city isr-to.. delivier said property to me or Ey assigns at a price of 445,000.00 CasN My check is in the amount of $ 3000.00 �-- Signed*f** , CITY OF CORPUS CHRISTI 11T° 614 Received of 1 'T°-. >� r s ioo 00 ollars $ I � 1 In Payment From thel—day of 194_ day of 194—, inclusive F~ ��_�� z City of Cor us Christi. Texas, r -, 194/ vonr wuNne+� cc. ciq