5726 RESOLUTION NO 5,726
A RESOLUTION ACCEPTING A "SURRENDER OF LIFE
ESTATE" EXECUTED BY MARY FLETCHER DRENNAN
FOR THE PIKE-FLETCHER-TERRY HOME: AND FOR
OTHER PURPOSES
WHEREAS, by Deed dated August 19, 1964 Adolphine Fletcher
Terry and Mary Fletcher Drennan conveyed Block Sixty-one (61) ,
Original City of Little Rock, to the City of Little Rock, Ar-
kansas for the use and benefit of The Arkansas Arts Center, sub-
ject to the reservation of a life estate for the joint lives of
Adolphine Fletcher Terry and Mary Fletcher Drennan; and
WHEREAS, Adolphine Fletcher Terry died July 25 , 1976 , thus
terminating her life estate and Mary Fletcher Drennan now desires
to surrender her life estate, such surrender not to modify or
otherwise affect the reversionary rights reserved in the said
Deed dated August 19 , 1964 .
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. The Board of Directors of the City of Little
Rock hereby accepts the "Surrender of Life Estate" executed by
Mary Fletcher Drennan to Block Sixty-one (61) , Original City of
Little Rock, Arkansas, more familiarly known as the Pike-Fletcher-
Terry home, for the use and benefit of the Arkansas Arts Center,
all as provided for by Deed executed by Adolphine Fletcher Terry
and Mary Fletcher Drennan dated August 19 , 1964 .
SECTION 2 . This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: June 7, 1977
ATTEST: APPROVED:
City Cler Mayor