5875ORDINANCE N0. S
AN ORDINANCE TO CONVEY CERTAIN REAL PFOPFRTY BELONGING TO THE CITY OF LITTLE
ROCK; AND FOR OTHER PURPOSES
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. WHEREAS, The City cf Little Rock acquired the ownership of
property described as the South 41' feet of Lot 71 Block 33 Pettifer's Addi-
tion in securing the right -of -way of the property known as the 25th Street
right -of -way and said property was not necessary for use in said right -of -way;
The City of Little hock was offered in exchange for the above described
real property certain other real property owned by York Crawford and described
as the South 412 feet of Lot 10, REevests Subdivision of Lots 1 & 12, Block
17, Rapley Estate and other valuable considerations, and said property owned
by York Crawford was necessary for said right -of -way;
On Acceptance by the City of said offer made by York Crawford it was
discovered that the City of Little -tick was unable to give to the said York
Crawford a merchantable title to the real property owned by the City of Little
Rock;
And a co promise has now been reached. The Mayor and the City Clerk of
the City of Little Rock are authorized and directed to convey by Quitclaim Deed
to York Crawford and �k ttie Crawford, his wife, the following described real
property, to -wit:
South 412 feet of Lot 7, Block 3, Pettifer's Addition to City of
Little rock;
and said Quitclaim Deed shall be delivered to the grantees, York Crawford and
Mattie Crawford, his wife, if and when York Crawford and Mattie Crawford, his
wife, give satisfactory evidence of their indebtedness to the City of Little
Rock in the sum of Two Hundred and no /100 (4200.00) Dollars bearing interest
at 5% per annum from the date of the deed, said indebtedness of �200.00'with
interest thereon to be repaid at the rate of Four and no /100 04.00) Dollars
per month, said payments to include principal and interest until the debt with
interest thereon is paid in full. In the event that the City of Little Rock
desires to retain a vendor's lien in the deed above described to secure the pay-
ment of the sum of money due the City of Little _ock, on payment of said indebt-
edness the Mayor and City Clerk are hereby further authorized, empowe red, and
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directed to deliver to York Crawford and Wattie Crawford, his wife, a release
deed releasing said real property from the vendor's lien retained in the
deed of conveyance.
Passed: April Sth , 1940
ATTEST:
APPROVED:
0111v Clerk. iay r