The Chronicle-star combined with the Moss Point advertiser., 1941-11-14

An ORDINANCE AUTHORIZING AID
DIRECTING THE MAYOR AND CLERK
~ THE CITY OF PAscAg0BIA
hlssissIPPL ~ THE MANI or AID
GlT1 10 EABcuTE a G.EASE WITH
THk MISSISSIPPI ThAEToN q
EQUIPMENT COMPANY. A c0RpuR
ALTON. or JACKSON. MISSISSIPPI
FOR TIE LEASING o. OH aufse
Mole eCATEkFitstsARH DIESEL
LONG FRONT AKLE LEANING
FRONT MISUNDERSTANDING START.
Kh-H0uh METER AND REkR
PuEcTuHE PROOF TuBEs WHICH
sA lIs LEAsE smALL Ess9nY
CHASE THE SAID kQufpMENT
rk0yIDfNC TIN TERMS AND CON
pfTIONs or THK LEAaK TO nv XIX
IkkkD INTo AND TIfK sUHSFAH-
TIAL Form THEREOF.
~ 1T ORDAINED ~ fhe Beard q
Mayor and Csaneiimsn Of - Cir ~
rsseasouta. Mlssiesippi3
heetien l. That the MayoF and Clerk
81 the said City Of P~maeannula. Massia.
sippi. b and thor arr ksrsAy Authorised
and directed - enecuts in me nams 81
? fer and 70 heA.lf Of ~ CITE snd
undsf - zeal the teiiewtae haze con
trast VITA TIE Naiashzsippi Tractor q
kaaipnaent Conpengs = Corporation q
JAeksoa. tfiss, siEs
LhAAk CONTRACT
7hia Jesse and serssmrnt asaas tbs ssh
DAY Of kovarnber ielt ~ and eesweeu
Mlsaissippi Tractor 4 Eaalanaent csmpaas
haTsnx an offisa and place 81 basisezs at
jacobsen. Mississippi. hsxe4nafter desig
hated - the Lesser. and thn City az Ras-
eaEouia. PmseaEesia. Mississippi herein.
after drsienatsd a. Leases. WfTNESsEFf
xsmsnss and aEresnasate h~srsinafteF con
tAinsd e b. kept and perfuFmah b. Lessee.
lessor has 1eased and dos hsreby lease
b Leases ne personal ptcperty known
and described - fellouss
ONE MODEL NO III ~CATEHPu-
LAR DIESEL TANDEM DRIVE
MOTOR GRAnKR-LONG FRONT
AALE-LEAkING FRONT WHEELS
ELECTRIC STARTER HOUR
MEfER AND REAR PukCTuKE
PROOF TUBES.
hereinafter described e. eauipment. 10
for a period Of twenty four months com
Haeseias upon delivery Of the ahose saafE,-
aaent and ar1n the conditions and aEssu-
nasntA k=zssasft=z stipulated.
transpcrtslian ehArees psgd : ssEs I~sre
af Pn&eaRoula. Miastssippl. nifhin szxtx
DAYS from this date.
Al The end Of the term Of this lrasu
Lresee ahall retafn equipment. freight
prepaid t. Lessor. At any place he mnv
Designate IN ns good condition a. exI-ta
- tAs eznfneneeanent Of the said term.
reasonable wear and tear In respect there
10 eneapted
Lessee shall pay As rent for the saia
hsAslhR ne sum and amount Of st.e0e.e 90
~ TIE offiee Of Less0r at jackson. Ms
siszippl ia four saaal semi-annuhl install
FaeHts ths first Of which shall he tI,1Sa.oo
Hnd the remaining three Of s9.Tsaye4 each.
payable Hemi-annuAfiy. ulth first payment
dna ax months after delivery Of ansd
equipment ard each ak mgntha thereafter.
E~4nspuent and all parts thereof shaU.
untsGa = parehsse thereof b made - i
hsfsin prvgiaed and until fun payment
g such purchase price and ali intsfest
which may be dae thereon = Hsaae IN eaAh
b Lessor, retain ~ character az perpanal
prupsFtF and the title thereto shall net
Pass % Leszse but shall remain in LESSER
LesaeN shall not remove, e5neeal or ether
Nake ~intefferv With the title or nNnerahip
vsssed In LsssaF until ant unkzs es4aip-
ment L purchased and full payment there
fof b made A. herein provided
Lessor does hereby grant T. LaMsss ths
eptpn q purchase equipment Al ans time
auriaE the term ef this beAse upon the
payraeat Of fS.TTb.Ro. Should Lessee exer-
et2E this option all rentals paid shall ha
Applied against tss purchase prtee. except
stx p@Fcent per anaana thereon. and r
s9ditAsn thereto lessor viii aaOepe as
part payment one asei RussiIl Motor
Grader Equipped with Mccormick unnrsne
tractor Serial kuuHbef and allow -
credit against the shove purchase prics
the sum Of fto09e Lessor VIII fhen
exexuts = Bill q Sale varrantlne tlsie u
Lessee
II Iessee shall sell. zsalzn or attempt
u sell or assign ~equipmeat or auy inter
- therein. - Il Lessee dsfaalu Il anx
O The covenants. conditions or prosislans
e ths Lease. It Il aerSei that Lessor ma
tmusettAtely and without notaa take psM-
session Of equipment Wkeresoexer foanz
and 70 remove and kaep Or dasf4ae 81 he
SANE and auy unpaie reataI shau a eaee
hocesne due and payable
II any step Is taken ky IeeAi aetion a.