HomeMy WebLinkAbout1938-04-08 Trade Square Purchasea,
TO THE H090RABLE MAYOR AND CITY COUNCIL OF STEPiENVILLE:
I desire to purchase an option upon the South one-
half of Block No. 15 of the Original town of Stephenville
owned by the City of Stephenville and generally known as
the "Trades Square". I am willing to pay the sum of ONE
($1.00) DOLLAR, for an option on this property, giving me
the right to purchase said property anytime prior to Novem-
ber 1, 1938. If I exercise the option, I will pay to the
City of Stephenville the further sum of NINE HUNDRED NINETY
NINE ($999.00) DOLLARS, upon the conveyance to me by the City
of said property.
IN,
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� On this the 8th day of April, 1938, the City Council of
the City of Stephenville met in call session and the Council
considered the proposition of Chas. S. Long to purchase an
option on the South one-half of hlock iVo. 15 of the original
town of Stephenville, said proposition having been made to the
City Council in writing and the council having considered such
proposition, it was moved by Alderman Ceo. i'Iinter that the City
of Stephenville give to the said Chas. S. Long an option to
purchase the said property at anytime prior to November 1, 1938.
The price of said option to be the sum of ONE DOLLAR, and in the
event said Long exercised said option, he shall pay to the City
of Stephenville the further sum of NINE HUDRED ivLiETY NINE
($999.00) DOLLARS, and further that at the time said option is
exercised that the said Chas. S. Long shall present to the City
Council satisfactory evidence that he will erect a hotel build-
ing costing approximately THIRTY FIVE THOUSAND ($35000.00) DOLLARS,
upon said property, and that the said Chas S. Long and his as-
signs will use said property for hotel purposes only and that
there shall be reserved and dedicated to public use an alley
12 feet wide between the South one-half and North one-half of
said Block 15, 6 feet of said alley to be taken from the South
one-half and 6 feet from the North one-half of said Block and
said alley shall be for the use and benefit of the owners of said:!
Block.
And said motion was seconded by Alderman T. T. Oliver and
there being no further discussion, the vote was called for and
said motion was carried by the following vote:
Ayes 6 , No 0
Thereupon the Mayor declared said motion carried.
ATTEST:
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