11962� r
ORDINANCE NO. 119962
AN ORDINANCE GRANTING CONSENT FOR THE ARKANSAS NATIONAL
GUARD AND OTHERS TO PERMIT THE UNITED STATES TIME CORPORATION
TO USE AND OCCUPY, WITHOUT PREJUDICE TO THE CITY, THE ARKANSAS
NATIONAL GUARD, OR OTHERS, PORTIONS OF CERTAIN PROPERTY
DEEDED BY THE CITY OF LITTLE ROCK TO THE STATE OF ARKANSAS,
FOR THE USE AND BENEFIT OF THE ARKANSAS NATIONAL GUARD, AND
FOR OTHER PURPOSES:
WHEREAS, by lease contract dated December 31, 1931 the
City of Little Rock leased to Arkansas Valley Compress &
Warehouse Company, a corporation, certain described property
at the Little Rock Airport, including Building No. 19, which
lease contract is still in full force and effect and provides
that in the event the United States Government should
surrender, either temporarily or permanently, certain space
reserved by it in Building No. 19, (now known as Section M)
the right to occupy and use such space under the terms of the
lease should belong to the Lessee, and
WHEREAS, by Ordinance No. 5413 passed January 28, 1937,
the Mayor and City clerk of Little Rock were ordered and
directed to deed to the State of Arkansas certain property at
the Little Rock Airport, including Section M of Building No.
19, said ordinance providing that the property was to be for-
ever used by the State solely for aviation purposes and the
Arkansas National Guard and that any attempt to pass title
or dispose of the property should void the deed and such
property and appurtenances thereunto belonging should revert
to the City of Little Rock, and
WHEREAS, by Quitclaim Deed dated. January 29, 1937,
recorded in Deed Book 319 at Page 460, the City of Little Rock
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did remise, release and forever quitclaim unto the State of
Arkansas, for the use and benefit of the Arkansas National
Guard, certain described lands, including Section M of Building
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No. 19 at the Little Rock Airport, and
WHEREAS, by lease dated February 24, 1947, as amended
May 28, 1947, Arkansas Valley Compress & Warehouse Company
leased to The United States Time Corporation certain properties,
including portions of Building No. 19, said lease providing
that if possession of Section M should ever be restored to the
Lessor, the Lessee should have the option to lease Section M
on specified terms, and
WHEREAS, The United States Time Corporation has need for
additional space in Building No. 19 and the use of the additional
space by The United States Time Corporation will promote the
welfare of the City of Little Rock through increasing employment
and payroll and the Arkansas Valley Compress & Warehouse Company,
the Arkansas National Guard and the City of Little Rock are
willing to cooperate in promoting the general welfare of the
City of Little Rock, but without prejudice to or loss or
impairment of any of their respective existing rights, and
have negotiated a proposed agreement for these purposes, NOW,
THEREFORE,
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF
LITTLE ROCK, ARKANSAS:
SECTION 1. That the Arkansas National Guard,
the Little Rock Municipal Airport Commission, and
the Arkansas Valley dompress & Warehouse Company
are hereby granted eonsent and permission of the
City of Little Rock, Arkansas to permit, on terms
substantially like those in the Agreement attached
as Exhibit A, the use and occupancy by The United
States Time Corporation of all or portions of said
Section M of Building No. 19 at the Little Rock
Municipal Airport, as referred to in Ordinance No.
5413, passed January 28, 1937; provided, however,
that the permission for such use and occupancy shall
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not extend beyond December 31, 1981.
SECTION 2. That the consent and permission of
the Arkansas National Guard to the aforesaid use and
occupancy by The United States Time Corporation shall
not be in any way deemed violative of Section 2 of
Ordinance No. 5413, passed January 28, 1937, shall
not be deemed a disposition of the property to The
United States Time Corporation, and shall not prejudice
any rights of Arkansas Valley Compress & Warehouse
Company under its lease contract dated December 31,
1931, but such use and occupancy shall be subject to
the conditions contained in the deed dated July 15,
1936 conveying the Airport property from the United
States of America to the City of Little Rock.
SECTION 3. Emergency Clause. That it is hereby
found and determined by the Board of Directors of
the City of Little Rock, Arkansas that The United
States Time Corporation has immediate need for the
additional space in Building 19, that such immediate
use will promote the welfare of the City of Little
Rock through increasing employment and payroll and
making some income available to the Little Rock
Municipal Airport Commission, and that, therefore,
an emergency is declared to exist and this Ordinance
being necessary for the immediate preservation of
the public peace, health and safety, shall be in
full force and effect from and after its passage
and approval.
PASSED: September 5 , 1967.
APPROVED:
ATTEST: Mayor'
42.44 LL ±20-esa-y
City Clerk
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