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<br />
<br /> Railroad Company operated by the Texas Northeastern,
<br /> Mid-Michigan Railroad, Inc., and donated to the Greater Paris
<br /> Development Foundation, Inc., for trail use. Boardmeraber
<br /> Curtis Fendley abstained from voting.
<br />
<br /> Resolution No. 96-003, procuring liability insurance for the
<br /> abandoned right-of-way from Paris, Texas, to Clarksville,
<br /> Texas, owned by the Missouri Pacific Railroad Company,
<br /> operated by the Texas Northeastern, Mid-Michigan Railroad,
<br /> Inc., and donated to the Greater Paris Development Foundation,
<br /> Inc., for trail use, and directing the Finance Director, W.E.
<br /> Anderson, to issue payment to Pierson and Fendley Insurance
<br /> for liability insurance upon receipt of a valid invoice was
<br /> presented.
<br />
<br /> The resolution was adopted unanimously by the Board.
<br />
<br /> PARIS ECONOMIC DEVELOPMENT CORPORATION
<br /> RESOLUTION NO. 96-003
<br />
<br /> WHEREAS, the Missouri Pacific Railroad Company has abandoned its right-of-way
<br /> from Paris, Texas, to Clarksville, Texas, operated by the Texas Northeastern, Mid-Michigan
<br /> Railroad, Inc. and has donated the same to the Greater Paris Development Foundation, Inc. for
<br /> trail use; and,
<br />
<br /> WHEREAS, in order to preserve the right-of-way and place the same in the rail-banking
<br /> program, it is necessary to procure liability insurance for the same; NOW, THEREFORE,
<br />
<br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT
<br /> CORPORATION, that the procurement of liability insurance for the abandoned right-of-way
<br /> from Paris, Texas, to Clarksville, Texas, owned by the Missouri Pacific Railroad Company,
<br /> operated by the Texas Northeastern, Mid-Michigan Railroad, Inc., and donated to the Greater
<br /> Paris Development Foundation, Inc. for trail use be, and the same is hereby, approved; and,
<br />
<br /> BE IT FURTHER RESOLVED that the Director of Finance, W. E. Anderson, be, and
<br /> he is hereby, authorized and directed to issue payment to Pierson and Fendley Insurance for
<br /> liability insurance upon receipt of a valid invoice.
<br />
<br /> PASSED AND ADOPTED this 15th day of May, 1996.
<br />
<br /> Philip R. Cecil, President
<br />
<br /> ATTEST:
<br />
<br /> Richard M. Amis, Secretary-Treasurer
<br />
<br /> APPROVED AS TO FORM:
<br />
<br /> T.. K. Haynes, City Attorney .
<br />
<br />
<br />
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