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HomeMy WebLinkAbout4523ORDINANCE NO 4523 i" 4 AN ORDINANCE GRANTING TO THE CHARLES F. PENZEL ESTATE THE RIGHT TO MAINTAIN A SPUR OR SWITCH TRACK,FOR A PERIOD OF THREE YEARS,ON EAST CAPITOL AVENUE FIFTEEN FEET FROM THE SOUTH PROPERTY LINE AND EXTENDING FROM THE EAST PROPERTY LINE OF MCLFAN STREET TO THE EAST PROPERTY LINE OF BIRD STREET. AND FIXING THE ANNUAL RENTAL THEREFOR AT $25.00 PER ANNUM AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE CITY COUNCIL ON' THE CITY OF LITTLE 1001: Section 1. That, for and in consideration of the payment of ty -five (25) Dollars per annum, payable annually in advance, he Charles T. Penzel Estate, its successors or assigns, the- said Charles F. Penzel Estate, its successors or assigns, is hereby granted the right to maintain for a period of Three (3) years a single spur track on East Capitol Avenue, fifteen (15) feet from the South property line and extending from the East property line of McLean Street to the East property line of Bird Street, Little Rock, Arkansas. Section 21 That no cars shall be permitted to stand upon the street,.or sidewalks intersected by said switch, and said switch swill in no interfere with the traffic on said street and sidewalks: that said Charles F. Penzel Estate shall build and maintain, free of -co 8t to I the city or public, if the remaining part of said street be paved or macadamized during the continuanae of this grant, a pavement of like character or material between the rails and two feet on each outside thereof; that said switch shall be maintained so that the top of rails of same shall be on a level with the grade of the street as is now or may be hereafter established, and shall be maintained so as not to interfere with any waterway or flow of salbe, and the city shall have the right to alter said grade at its pleasure; that said Charles F.Penzel Estate shall hold the city harmless from damages of any kind occasioned by maintaining said switch, or the use of the same. Section 3. That said Charles F. Penzel ES14ts shall within Twenty (20) days after the passage of this ordinance signify its r acceptance of the terms and provisions thereof by proper certificate *and endorsement on the record thereof. That all rights herein i .0 2. granted shall cease and determine on and after three (3)years from the date of passage hereof, and at that time said Charles F. Penzel Estate, its successors or assigns, shall remove said switch at its or their own expense. Section 4. This ordinance shall be in force and take effect from and after its passage. Approved: `" + Mayor Passed: December 19. 1929- Attest y C e