1727 RESOLUTION NO. 1727
A RESOLUTION AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK
TO EXECUTE A NINETY-NINE YEAR LEASE TO MLCHIOR M. EBERTS POST
NO. 1, THE AMERICAN LEGION, ON CERTAIN RIVER FRONT PROPERTY
LOCAT::D ';LEST OF THE MAIN STREET BRIDGE, AND FOR OTHER PURPOSES;
BE IT RESOLVED by the City Council of the City of
Little Rock, that the Mayor and City Clerk are hereby authorized
and directed to execute the proposed Agreement of Lease attached
hereto and made a part hereof between the City of Little Rock and
• Melchior M. Eberts Post No. 1, The American Legion, Department of
Arkansas, Little Rock, Arkansas, for a consideration of One
Dollar ($1.00) per annum and other valuable considerations, upon
the following described tract of land, to-wit :
Commencing ata point on the prolongation of the east
line of Block seventy nine ( 79) in the said City,
sixty nine (69) feet from the northeast corner of said
block; thence west one hundred and twenty five (125)
feet , thence north sixty five ( 65) feet, thence east one
hundred and twenty five (125) feet, thence south sixty
five ( 65) feet, to the point of beginning, together
with all riparian rights, Pulaski County, Arkansas.
Said lease shall be for the term of ninety-nine (99)
years from the date hereof and upon the terms and conditions
as set out in said proposed lease and when executed by the
Mayor and attested by the City Clerk of the City of Little Rock
and by Melchior M. Eberts Post No. 1, said lease agreement
shall be in full force and effect without further action of
the City Council thereon.
AGREEMENT OF LEASE
This indenture made this day of , 1947
by and between the City of Little Rock, Party of the First Part,
and Melchior M. Eberts Post No . 1, The American Legion, Department
of Arkansas , Little Rock, Arkansas , Party of the Second Part,
witnesseth:
That said Party of the First Part for , and in consideration
of the sum of One Dollar (41.00) per annum, agreed to be paid by
said Party of the Second Part, and other valuable considerations ,
does hereby lease and let unto the Party of the Second Part, the
following described tracts of land, to-wit :
Commencing at a point on the prolongation of the east
line of Block seventy nine (79) in the said City,
sixty nine (69) feet from the northeast corner of said
block; thence west one hundred and twenty five (125)
feet, thence north sixty five ( 65) feet, thence east one
hundred and twenty five (125) feet, thence south sixty
five (65) feet, to the point of beginning, together with
all riparian rights , Pulaski County, Arkansas .
To Have and to Hold unto the Party of the Second Part for
a period of ninety-nine (99) years from , 1947 ,
for the purposes of maintaining thereon a Post Home and Club House
and for use in promoting the principles and policies of said
American Legion Post as set forth in its preamble and constitution
and the National and departmental constitutions of The American
Legion, but for no other purpose whatsoever, and this lease is
made upon the express conditions that Party of the Second Part
will not use or permit to be used the above described lands for
any purpose other than those hereinabove set out. Said Second
Party shall have no power to assign or sublet any portion of the
above described land for any length of time whatever, or permit
any of the buildings erected thereon to be used for any other
purpose than such as may be included in the Constitution and by-laws
of said Second Party without the consent of the Council of the
City of Little Rock and any violation of any of the conditions
of this lease on the part of the Second Party shall work a forfeiture
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•
of all rights acquired by said Second Party hereunder .
It is hereby covenanted by said Party of the First Part
that Party of the Second Part shall have a right to remove from
said land any and all buildings it may erect thereon during the
term of this lease within three months after the termination of
this lease for any cause, but if not removed the same shall
become the property of the Party of the First Part.
In consideration of this lease, Party of the Second Part
agrees to pay to the Party of the First Part a yearly rental of
One Dollar (41.00) per annum, payable to 'the City Collector or
other duly authorized city official in May of each year or at the
option of the Party of the Second Part, it may be paid in whole
or in part in advance.
In Testimony whereof, the City of Little Rock, Party of
the First Part, by order of the City Council, made
has caused this lease to be executed by the Mayor and
attested by the Clerk of said City with the seal thereof and
Said Party of the Second Part has signed the same by it' s Commander,
Adjutant, Judge Advocate, and Chairman of it' s New Home Committee
and the seal thereof this day of , 1947.
Melchior M. Eberts Post No . 1
by Mayor, City of Little Rock
Commander
Adjutant
Judge Advocate
Chairman, New Home Committee Attest:
City Clerk
ADOPTED: February 3, 19+7
ATTEST' APPROVD:
City Clerk. Mayor.