5338ORDINANCE NO. 5338
AN ORDINANCE AMENDING ORDINANCE NO. 533 SBY SHOWING
THE DATE OF EXTENSION OF LEASE TO BIG ROCK STONE &
MATERIAL COMPANY AND THE RATE OF RENTALS FOR THE
EXTENDED PERIOD.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
LITTLE ROCK:
Section 1. 'That the Lessee has exerej:sed t4e M�
privilege of renewing the lease described in Ordinance
No. S335-for the period of five (5) years from and after
April 30, 1941, at the same monthly rental of One Hun-
dred and Fifty Dollars ($150) per month, and the City,
as Lessor, has accepted notice of such renewal.
Section 2. That the extension of the said '
lease to Big Rock Stone & Material Company on the land
at the foot of Ashley Street provided or in Ordinance
No. passed by this Council on Hgelt. /
be to December 1, 1953; the rate of re tal for t e re-
newal period to May 1 1946 to be at the rate of One }
Hundred and Fifty Dollars ($150) per month, described
in said lease; and the rate of rental for the five -
year extended period after April 30, 1946 to be One
Hundred and Seventy -five Dollars ($175) per month, and
for the remaining two years and seven months of the
extended period to be at the.rate of Two Hundred Dol-
lars ($200) per month; and that all of said rentals ,
for the full renewed and extended time be prepaid by
Lessee, in materials as described in said Ordinance No.
53 3S, and that the portion of the prepaid rental
amounting to $1370.56 be paid in materials in excess
of those particularly described in said Ordinance, by
either No. 2 stone, or sand, or both, or in mixed stone
and sand, in the respective quantities desired by the
City during the remainder of the calendar year 1936, at
the respective prices set forth in said Ordinance No.
Section 3. The size of the stone described in
said Ordinance No. S 3 9 S is that known as No. 2.
Section 4. The Mayor is authorized and or-
dered to execute said extended lease agreement as pro-
vided for in said Ordinance No.5 5.35-and this Ordinance,
and the City Clerk shall attest such instrument with his
signature and the seal of the City; and when so done, and
signed by the Lessee, such extension and modifie:ation.bi
said lease shall be binding upon the respective parties.
Section 5. This Ordinance shall take effect
on and after its passage, as provided by law.
Passed* May 11th, 1.936
Attests
Cit Clerk.
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