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650 RES CITY COUNCIL AUTHORIZED PURCHASE OF CERTAIN TRACT OF LAND• 0 RESOLilTIOi~.t ;~;o, 650 WHEREA>, heretofore, the City Council of the City of Paris has authorized the purchase of a certain tract of land 75 x 87 feet located at the i.ntersection of the Vlest Boundary Line of South Church Street and the Sout?~ Boundary Line of rast Kauf*nan Streets fronting 87 fPet on the Sottth Boundary Line of East KaufMan Street and 75 feet on the InTest 13oundary Line of South Church Street; and, WHE-pEAS, the Continental Oil Comnany, a corporation, is in the ??roc.ess of makincr conveyance to the City of Paris of ±he aforesaid pronerty; and, 'F'JHFRFAS, the Continental Oil Company, a corporation, desires to lease said nroperty from the City of Paris for the purnose of continuing its tilling station operations for a neriod of one (1) Year, or until such time as the City of Paris is ready to reanodel and use the properties; anc!, I 4?jE?EAS, the Cit-; of Paris cioes not anticipate that it will begin to use the property prior to Titly lst of 1957, id94, THKuEFOR_F_., RE Ii RESOI,Vr,D BY "'HT CITY COUAiCIL OF 'I'7HE, C_T1*y Op p,r1RT5; 1^hat the Cit« of Faris lease said properties to the Continental Oil Company, a corporation, the rental thereon to be one cent (1¢) »er gallon of the gasoline sold on said prarises, and that the 1ea.se provide for cancellation upon thirty (30) days written notice upon any firsl= of the montn following the lst day of ?r1ay, 1957; otherwise tne lease to be for one year frnm the date of Decenber 1, 1956. The City ~Manacrer is hereby authorized and directed to er,ter into such lease with the Coritinental Oil Companv, a corporation. Passed and adop±ed tnis 22nd nay of October., A.D,, 1956. Ar?'TEa , City Clerk. APPROVED 113 T0 FORi<;; City A+torney. ke c~'s--~.~. ~ i-iayor