HomeMy WebLinkAbout026752 RES - 04/25/2006Page 1 of 3
RESOLUTION
AMENDING RESOLUTION 026056 BY ADDING SECTION 2 THAT
ALSO AUTHORIZES CITY MANAGER, OR DESIGNEE, TO
DETERMINE WHETHER TO RETAIN OR SELL CITY OF CORPUS
CHRISTI LIBRARY'S 25% BENEFICIAL INTEREST IN THE MINERAL
INTERESTS OWNED BY THE ANITA NEYLAND TRUST,
ESTABLISHED UNDER THE W.T. NEYLAND LAST WILL AND
TESTAMENT
WHEREAS, on December 14, 2004. the City Council adopted Resolution 026056,
containing one section only as follows:
"SECTION 1. That the City Manager or designee is authorized to accept a cash
distribution from the Anita Neyland Trust ( "Neyland Trust "), established under the
W.T. Neyland Last Will and Testament of W.T. Neyland, on behalf of the City of
Corpus Christi Library. The City Library is the beneficiary of 25% of the Neyland
Trust.
WHEREAS, Resolution 026056 needs to be amended by adding a Section 2.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS THAT:
Resolution 026056 is amended by adding a Section 2 so that Resolution 026056, as
amended shall read as follows:
SECTION 1. That the City Manager or designee is authorized to accept a cash
distribution from the Anita Neyland Trust ( "Neyland Trust "), established under the W.T.
Neyland Last Will and Testament of W.T. Neyland, on behalf of the City of Corpus
Christi Library. The City Library is the beneficiary of 25% of the Neyland Trust.
SECTION 2. Notwithstanding, Section 1 above, the City Manager or designee is also
authorized to determine whether to retain or sell the City of Corpus Christi Library's 25%
beneficial interest in the mineral interests owned by the Anita Neyland Trust,
established under the Last Will and Testament of W.T. Neyland.
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Armando Chapa
City Secretary
APPROVED 18 April 2006
Doyley Curtis
Chief, Administrative Law Section
Senior Assistant City Attorney
For City Attorney
CITY • F CORPUS CHRISTI
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enry Garrett
Mayor
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Corpus Christi, Texas
45+-day day of
The above resolution was
Henry Garrett.
Brent Chesney
Melody Cooper
Jerry Garcia
William Kelly
Rex A. Kinnison
John E Marez
Jesse Noyola
Mark Scott
, 2006
passed by the following
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tit
7 5
vote:
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