2000-036-ORD GRANTING FRANCHISE TO HIBERNIA NATIONAL BANK

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ORDINANCE NO, 2000-036 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, GRANTING A FRANCHISE TO HmERNIA NATIONAL BANK, PARIS, TEXAS, TO USE A PORTION OF THE SPACE UNDER THE SURFACE OF THE SIDEWALK, PARKWAY, AND STREET RIGHT-OF- WAY, BEGINNING AT THE ORIGINAL NORTH WALL OF THE HmERNIA NATIONAL BANK BUILDING AND PROCEEDING NORTH IN SAID PARKWAY TO THE SOUTH BOUNDARY LINE OFW. HOUSTON STREET AND CONTINUING NORTH ACROSS SAID STREET TO A POINT TWO (2) FEET NORTH OF THE NORTH BOUNDARY LINE OF W, HOUSTON STREET, FOR THE PURPOSE OF INSTALLING AND MAINTAINING A SEVEN INCH (7") PNEUMATIC TUBE FOR THE PURPOSE OF CONNECTING THE MAIN BANKING HOUSE OF HIBERNIANA TIONAL BANK WITH ITS DRIVE-IN BANKING FACILITY; PROVIDING FOR A TERM OF FIVE (5) YEARS; FIXING THE RENTAL THEREFOR; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris, following a formal request thereof, has previously adopted Ordinance No. 2222 on May 12, 1975, granting a franchise to the First National Bank of Paris, Texas, a predecessor bank to what is now known as the Hibernia National Bank, of Paris, Texas, the purpose of which is to use a portion of the space under the surface of the sidewalk, parkway, and street right-of-way adjacent to the original bank building of the First National Bank to install and maintain a seven inch (7") pneumatic tube for the purpose of connecting the main banking house with its drive-in banking facilities; and, WHEREAS, the aforesaid franchise has or will by its own terms expire; and, WHEREAS, the Hibernia National Bank has indicated an interest in extending the aforesaid franchise agreement thereby preserving the right to continue to use the pneumatic tube previously installed under the prior franchise; and, WHEREAS, Article IX, Sections 119 through 124 of the City Charter of the City of Paris, Texas, provide for the grant of a franchise under the circumstances of this use; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this ordinance are hereby in all things approved. Section 2. That in consideration of the payment to the City of Paris Paris, Texas, of the annual rentals hereinafter set out and in strict compliance by Hibernia National Bank with the terms and conditions hereof, said Hibernia National Bank is hereby authorized to use the following portions under the sidewalk, parkway, and street right-of-way for the installation and maintenance of a seven