2275 ORD GRANTING FRANCHISE TO LIBERTY NATIONAL BANK IN COP TO USE PORTION OF SPACE ABOVE AND UNDER SURFACE OF SIDEWALK ADJACENT TO WEST WALL OF LIBERTY NATIONAL BANK BUILDING

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ORDINANCE NO. 2275 , AN ORDINANCE GRANTING A FRANCHISE TO THE LIBE RTY NATIONAL BANK IN PARIS, PARIS, TEXAS, TO USE A PORTION OF THE SPACE ABOVE AND UNDER THE SURFACE OF THE SIDEWALK ADJACENT TO THE WEST WALL OF THE LIBERTY NATIONAL BANK BUILDING, BEGINNIN G AT A POINT ON SAID WEST WALL 62 FEET SOUTH OF THE NORTHERNMOST NORTHWEST CORNER OF THE LIBERTY NATIONAL BANK BUILDING, THENCE WEST TO THE EAST BOUNDARY LINE OF FIRST STREET, S.W.; THENCE SQUTH WITH THE EAST BOUNDARY LINE OF SAID STREET TEN FEET; THENCE EAST TO A POINT ON THE WEST WALL OF THE LIBERTY NATIONAL BANK BUILDING; THENCE NORTH TEN FEET TO THE PLACE OF BEGINNING; FOR THE PURPOSE OF INSTALLING AND MAINTAINING A NIGHT DEPOSITORY HEAD 22 INCHES WIDE, 46 INCHES DEEP AND 50 INCHES HIGH AND A SUBSURFACE RECTANGULAR SHAPED CHUTE 12 INCHES BY 6 INCHES EN- CLOSED IN 6 INCHES OF CONCRETE CONNECTIN G THE DEPOSITORY HEAD TO THE MAIN BANKING HOUSE OF THE LIBERTY NATIONAL BANK IN PARIS; PROVIDING FOR A TERM OF 25 YEARS AND FIXING THE RENTAL THEREFOR. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARI S : Section 1. In consideration of the payment to the City of Paris of the annual rentals hereinafter set out and in strict compliance by The Liberty National Bank in Paris with the terms and conditions hereof said bank is hereby authorized to use the following portions above and below the sidewalk for the in- stallation and maintenance of a night depository head and connect- ing chute 12 inches by 6 inches connecting said depository head to the main banking house of The Liberty National Bank in Paris which portions of said sidewalk are described as follows: Being a parcel approximately ten feet long and being approximately ten feet wide; BEGINNING at a point on the west wall of The Liberty National Bank Building, said point being 62 feet south of the northernmost northwest corner of said building; THENCE West ten feet, more or less, to the east boundary line of First Street, S.6J.; THENCE South with the East Boundary Line of First Street, S.W., ten feet; THENCE East ten feet, more or less, to the West wall of The Liberty National Bank Building; THENCE North ten feet to the place of beginning. The property described above consists both of City owned property and property owned by The Liberty National Bank in Paris, Paris, Texas. Section 2. The franchise of user herein granted shall be for a term of twenty-five (25) years subject to the right of the City of Paris to, at any time, alter, reform or amend it, or to appropriate all of said space, or any portion of the same, to the exclusive use of the City when same may be needed for corporate purposes, after giving thirty (30) days written notice of such intention, or the right of the City Council to cancel same in the event public necessity and conven- ience so requires. The City of Paris reserves the right to require The Liberty National Bank in Paris to conform to street and sidewalk grades and to alter or lower its underground struc- tures to meet_changing conditions.