HomeMy WebLinkAboutResolution 1962-005
¡~ìíiElt.tAS. the citi.. and. town. of iì.iGhland. tall.. :'iorth
Richland ~iill.. Aale and Lak..14.. jointly and .eve"'.lly. c(mati'tu.t.
what i. known in law as TAw.nt County~at.r Supply Corpcr.tion. a
non-prof! t 00vp01'''4t101\ oþeNtiAI, certd1\ wAter al\4 ....,.r'Y19t..1Wi
1n .ach of ..14. 01 tie. ana 'towa. and at other plac... and are the _íi¡u.i-
table and beneficial owners of all the pl'ø¡:.iterty .tan,U.na in the
mïM'e of .aid oorpor>at1on ¡ and,
WHiJttAS. the io.rd. of Direotors. of $aid Corp~.tløn find
it desirable tø tUtelUAÐI,_ a pOl"1:10n of liu\.id p1l'o,ertiea ienera.ll)'
knOlttn aø tbe Hiplan4 Terra.. 5>y.t.... tor oertain 1'_"'..\18 prodw.c::ini
,ropertie. of lik. kind And character 1y1n¡ in AIle, Te.s, which
properties 1yinl in Aal., Tex.., a~ sUbstantially AÞuttine to
;>l'Op81"1:ie. which the Corporation jìft..r¡tly ow'na anõ Qpe."4tea 11' the
Î\z.le ays'tØt. and which 8&id properties can Þ. ItOl"e .f'tiei.ntl)' a.n4
economica11yopel'ated than CAn 'the pr.pertie. ¡en.:t'tJ,lly c.\..cribed
as 'the H1Qblan4 Terrao@ System whioh i3 a fit'l¡rei,šateó ¡¡yet.fA lying
wi thin the C1 ty of Fort 'wor'th, an4.
WûIJti:AS. the f)oard of Directors And the Con.wl tini
l.:Nl¢in..rs of th1. Corporirtion have ncomuwuuted to the Council tbat
it$' í!J<;iui "table.Rd benefici.l .interest in thei'i1ghland '1'erriioe
Syst.. Þ. tore"er relthl..d in ord~u' to aceOMplish the exch.a.n;61è:1
hereinabeNe referNcì to.
HOW.TH&RifORE. BE IT RESOLVED.
That the City Co.neil hereby forever release and quitclaim
all aM every ri¡¡;,ht, t.it1. "Ad in'terest whiah it nas in 'lhe propertie.
of the Corporation ~.n.ral1y known aa the cii$hland terrace System
fof' the ¡t\&r'po.. of 'the accompliahment: of the tnc:e.h.n~. indiea.ted in
the whereaa portion hereof.
lVITllER RE$OLV:£D. tbat the Mayer an4 the City Seeretax'y tHe
a.l"t4J t1"18Y are he:re.by authorized to execute and deliver to said CQrpOrA-
tion any .nd all rel...es. aqwitta.no.. 0'1" Ø'tber cloeu-.nte neCefulary ox'
re~¡ui"d to be exeout.d by t for or on behalf of the City, anetto
uliver the same to the Secn'tary of Taz-ra'ftt Cwntyw4ter Supply Corpor-
atiQn.
PASStD ~D APFROVED Of! thia , q
day of
lídiZvr:
.
1962.
l~l1rf~ ~,~1<;;;;'^(
ATTEST I
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... :? ~~ d~' /
II1II . .., ' ,.!!J:1
.. y ecœ_ury /
(City S.41)
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