HomeMy WebLinkAbout05590 ORD - 11/25/1959JAW:JKH:11 -23 -59
AN ORDINANCE
AUTHORIZING AND DIRECING THE CITY MANAGER TO
EXECUTE AN AGREEMENT AMENDING A CONTRACT WITH
SOUTHERN COMMUNITY GAS CO. SOUTHERN COAST
CORPORATION AND SHERIDAN LVOIS AUTHORIZED IN
ORDINANCE NO. 5561, A COPY OF WHICH AMENDMENT
TO SAID CONTRACT IS ATTACHED HERETO AND MADE
A PART HEREOF; AND DECLARING AN EMERGENCY.
WHEREAS, ORDINANCE NO. 5564 AUTHORIZED THE CITY MANAGER TO
EXECUTE AN AGREEMENT WITH THE SOUTHERN COMMUNITY GAS CO., SOUTHERN
COAST CORPORATION AND SHERIDAN LEWIS, A COPY OF WHICH CONTRACT WAS AT-
TACHED THEREIN, PROVIDING FOR THE DEPOSIT BY THE CITY OF CERTAIN FUNDS
WITH THE FIRST STATE BANK AND PROVIDING FOR THE WITHDRAWAL OF SAID
FUNDS BY THE SAID PARTIES UPON DEPOSIT OF SURETY APPROVED BY THE BANK
AND CERTIFICATION OF WITHDRAWAL; AND
WHEREAS, THE FIRST STATE BANK OF CORPUS CHRISTI IS WILLING TO
ACT AS THE ESCROW AGENT IN THE TRANSACTION INVOLVED IN PERFORMANCE OF
SAID CONTRACT, BUT REQUIRES THE CONTRACT BE AMENDED AND CHANGED 50 AS
TO PROVIDE THAT NO LIABILITY WILL BE INCURRED BY THE SAID FIRST STATE
BANK, WHILE ACTING IN SUCH CAPACITY:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF CORPUS CHRISTI, TEXAS:
SECTION 1. THE CITY MANAGER IS HEREBY AUTHORIZED AND DIRECTED
TO EXECUTE AN AMENDMENT TO CONTRACT BETWEEN THE CITY OF CORPUS CHRISTI
AND SOUTHERN COMMUNITY GAS CO., SOUTHERN COAST CORPORATION AND SHERIDAN
LEWIS AUTHORIZED BY ORDINANCE N0. 5564, SAID AMENDMENT PROVIDING THAT THE
FIRST STATE BANK OF CORPUS CHRISTI WILL NOT INCUR ANY LIABILITY WHILE
ACTING IN THE CAPACITY OF ESCROW AGENT UNDER SAID CONTRACT, A COPY OF
WHICH AMENDMENT TO SAID CONTRACT IS ATTACHED HERETO AND MADE A PART HEREOF.
SECTION 2. THE NECESSITY THAT THE CITY MANAGER EXECUTE THE
AMENDMENT TO THE CONTRACT AUTHORIZED IN ORDINANCE No. 5564 CREATES A
PUBLIC EMERGENCY AND AN IMPERATIVE PUBLIC NECESSITY REQUIRING THE
SUSPENSION OF THE CHARTER RULE THAT NO ORDINANCE OR RESOLUTION SHALL
BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT SUCH ORDI-
NANCE OR RESOLUTION SHALL BE READ AT THREE SEVERAL MEETINGS OF THE
5590
•
CITY COUNCIL, AND THE MAYOR, HAVING DECLARED SUCH EMERGENCY AND NECESSITY
TO EXIST, HAVING REQUESTED THE SUSPENSION OF SAID CHARTER RULE AND THAT
THIS ORDINANCE BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT
THIS ORDINANCE TAKE EFFECT AND BE IN FULL FORCE AND EFFECT FROM AND AFTER
ITS PAS AGE, IT IS ACCORDINGLY PASSED AND APPROVED, THIS THE p( DAY
OF , / , 1959.
MAYOR
ATTEST, THE CITY OF COI 1S TEXAS
CHRISTI
CITY SECRETA&(
APPROVED AST LEGAL FORM TH IS
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