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• • <br />RESOLUTION N0. & - <br />WHEREAS, heretofore, the City Council of the City of Paris has <br />instructed the City lAanager of the City of Paris to submit to the <br />Continental Oil Conipanyp a corporationp a bid not to exceed Eight <br />Thousand ($89000.00) Dollars for t.he purchase of a certain lot or tract <br />of land situated in the Cf ty of Parisv and being locattd at the South <br />West intersection of Soath Church Strset aad East Kaufatan Street, frant- <br />ing 87 feet on the South Boundary Line of East Kaufman Street and 75 feet <br />on the West Boundary Line of South Church Street; andg <br />WHEREAS9 ths Continental Oil Company, a corporation, by and <br />through its real estate agentp Lamar Real Estate Company, of Pariap <br />Texasv have indicated that they will accept the snm of Eight Thousand <br />(S8,000.00) Dollars for said property; and, <br />WHEREASp the Cantinental Dil Cotnpany has requested an earnest <br />money deposit of Five Hundred ($500.00) Dollars by the City of Paris to <br />accompany sales cmntract for the sale and purchase of said property; <br />NOW9 THEREFORE, . <br />BE IT FtESOLVED BY THE CITY t70UNCIL OF THE CI1Y OF PARI5: <br />That The City of Paris enter into a contract with the Continental <br />Oil Companyp a corporation, for the purchase of said property for thc sum <br />cf Eight Thousand ($8,000.00) Dollars cashv and deposit with the <br />Continental Oil Company the sum of Five Hundred ($590.00) Dollars earne st <br />money to secure the performance of a sales contract for the purchase of <br />said property. That the Mayor of the City of Paris is hereby authorized <br />and directed to execute such sales contract with the Continental Oil <br />Corapany, a corporation, and the City Manager is hereby authorized and <br />directed to pay to the Continental Oil Companyg a cozporation, the sum <br />of Eight Thousand ($80000.00) Dollars upon the delivery of title to and <br />the possession of said property. <br />Passed and adepted this 25th day of Septembers 1956. <br />Mayor <br />ATTEST: <br />~ <br />City Clerk. <br />APFROVED AS TO FORII: <br />. <br />City Attorn . <br />/ <br />