Pine Bluff daily graphic., 1920-03-31
LEGAL NOTICES
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ORDINANCE NUMBER l643.

ORDINANCE NUMBER 16A3. l An Ordinance authorizing the Mayor and City Clerk to execute and deliver deed to certain real estate to be used exclusively for cemetery purposes. | Whereas, the city of Pine Bluff has hereintofore granted and sold to Allan Kennedy. of the city of Fort Smith, Arkansas, an option up- on tho real estate hereinafter dcs- cribcd, to be used exclusively for cemetery purposes; and said Ken nedy has executed his rights under said option, and provided for the for matlon of corporation to be known as the Graceland Investment Com pany for the purpose of owning and conducting perpetual care ceme- tery upon said real estate; and has requested that same be conveyed to said Graceland Investment Company when organized.
 Now, therefore, be it ordained by the city Council of the city of Pine Bluff, Arkansas.
 Section 1. That the city of Pine Bluff does hereby grant, bargain, sell and convey unto the said Grace land Investment Company, and unto it's successors and ssigns forever, the following tract or parcel of land, to be used exclusively for cemetery purposes, described as follows, said
 land situated in the county of Jeff ferson, state of Arkansas, to-wit:
 Beginning at the southwest cor ner of the southwest quarter of the northwest quarter of section thirty one. township five south, range nine
 west; thence east thirteen hundred and twenty feet; then north sixteen hundred and fifty feet: thence west thirteen hundred and twenty feet;
 thence south sixteen hundred and fifty feet to the point of beginning; all being and lying in the west frac-
 tional half of the northwest quarter of section thirty-onc, township five
 south, range nine west, for and in
 consideration of the sum of three
 thousand dollars cash in hand paid, and delivery to the mayor as here matter provided of the capital stock
 of said contemplated corporation to the amount of twelve thousand dol lars par value.
 Section 2. That the mayor and city clerk be and they are hereby author
 ized and empowered to make and
 execute in the name of the city of { Pine Bluff, a deed conveying said
 land to the said Graceland Invest
 ment Company, upon the payment and delivery of said consideration, in
 words and figures as fololws, to.
 wit:
 Know All Men by These Presents: T That the City of Pine Bluff, Ar-
 kansas, municipal corporation or ganized and chartered under the laws of the state of Arkansas pro-
 viding for the formation of Munici- pal Corporations, for and in consid- eration of the sum of fifteen
 thousand dollars, paid and to be paid as hereinafter set forth by the Graceland Investment Company, 2
 corporation organized and existing under and by virtue of the laws of the state of Arkansas, has granted, bargained and sold, and does by these presents, grant, bargain, sell and convey unto the said Graceland
 Investment Company, and unto it's
 successors and assigns forever, to be used exclusively for cemetery pur-
 poses as hereinafter stipulated, the
 following parcel of land situated in the county of Jefferson, state of Ar
 kansas, tO-wit:
 Beginning at the southwest corner of the southwest quarter of the northwest quarter of section thirty one township five south, range nine west; thence east thirteen hundred and twenty feet; thence north six teen hundred and fifty feet; thence west thirteen hundred and twenty
 feet; thence south sixteen hundred ,, and fifty feet to the point of begin. ming; all being and lying in the west fractional half of the north. west quarter of section thirty.ons, .. township five south, range nine west
 To have and to hold the same unto
 the said Graccland Investment Com.
 pany, and unto its successors and as- 2 signs forever, together with all the privileges and appurtenanccs there. unto belonging or in anywise appcr- 7 taining; provided, said lands shall always be used exclusively for ceme- tery purposes; and on the further
 cOnditi0n that the title herein con
 veyed and transferred shall be vest ed in and revert to the grantor here ' in should the grantee herein neglect ' fail or refuse to use said lands for such purposes; in which event, the 2 consideration herein specified shall 'lbc returned and rcdelivercd and re- paid to tue said grantee herein. And ssid cyantor does hereby covenant to and with the said gran. 7 tee that it will forever warrant and :, ,|defcnd the title to said land against ' the lawful claims of all persons Ewhomsoever, except as against liens
 for taxes assessed by reason of as.
 sesment for benefit in special local improvement districts.
 It is understood and agreed that only the sum of three thousand dol' ellars is paid cash in hand the re- 5 ccipt whereof is hereby acknowlcdg, ;dcd, and the balance of twelve thous' .Iand dollars is paid off and dis'
 chsygcd by the delivery cf the caply tai Stock of said, grantee ofthe psE
 value of twelve thousand dollars. s In testimony whereof. the clty cf ,rst s<7{ e ft-