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HomeMy WebLinkAbout7612J ,. ORDINANCE NO. Z612- �e AN ORDINANCE GRANTING TO FRANKLIN E. LOY THE RIGHT TO CONSTRUCT AND MAINTAIN A SPUR TRACK FROM THE CHICAGO, ROCK.ISLAND & PACIFIC RAILWAY TRACKS DIRECTLY ACROSS RAILROAD AVENUE IN A NORTHWESTERLY DIRECTION TO LOTS 11 AND 12, BLOCK 2, TWIN -CEN ADDITION TO THE CITY OF LITTLE ROCK, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. In consideration of the payment of ten dollars per annum, payable annually in advance, by Franklin E. Loy, his successors or assigns, the said Franklin E. Loy, his successors and assigns, is hereby permitted to build and maintain for a period of twenty -five years a single spur track from the Chicago, Rock Island & Pacific Railway tracks, near Arch Street, direct- ly across Railroad Avenue, in a northwesterly direction to lots eleven and twelve, block two, Twen -Cen Addition, City of Little Rock, Arkansas. SECTION 2. No cars shall be permitted to stand upon the street or sidewalks intersected by said switch; said Franklin E. Loy, his successors or assigns, shall build and maintain be- tween the rails of said switch or spur, and two feet on each outside thereof, should said street be paved, a pavement of like character and material as that used in the pavement of said street; said switch or spur shall be built and maintained so that the top of the rails shall be on a level with the grade of the street as now or hereafter established, and so as not to interfere with any waterway or flow of same, and the city shall have the right to alter said grade at its pleasure and without responsibility to said grantee; and said grantee, his successors or assigns, shall hold the city harmless from damages of any kind occasioned by said switch, or by the use of same. SECTION 3. Said grantee,shall within twenty days after the passage of this ordinance signify his acceptance of the terms and provisions thereof by writing his acceptance on the margin of the record book wherein this ordinance is recorded. All rights hereunder shall cease and determine on and after twenty- -2- five years from the date of the passage hereof; and at that time said grantee, his successors or assigns shall remove said switch at his or their own expense. SECTION 4. All ordinances or parts of ordinances in con- flirt herewith are hereby repealed and this ordinance shall be in full force and effect from and after its passage and approval. PASSED: April 19, 1948 ATTEST. APPROVED.: Ci y Clerk Mayor