The Chronicle-star combined with the Moss Point advertiser., 1949-04-29
ORDINANCE nc. II. tsas

ORDINANCE NO. ia. fs4s
AN ORDINANCE ENTITLED An
ORDINANCE DIRECTING THE MAY.
OR AND CLERK OF THE CITY or
PASCAGOULA. MISSISSIPPI. IN THE
NAME OF AND FOR AND IN BE.
HALF OF THE SAID CITY TO LEASE
ONE CERTAIN NEW GMC TRUCK
MODEL lo4g, FROM THE GRADY
BUICK COMPANY OF PAScAGCULA
MISSISSIPPI DEFINING THE TERMS
ITAsF AND fHE SUBSTANTIAL
FORM THEREOF. THE SAID MOTOR
VEHICLE TO BE LEASED FOR AMI
OPERATED BY THE DEPARTMENT
OF PUBLIC WORKS OF THE CITY OF
PAScAGOULA IN CONNECTION
WITH IT'S SERVICES RENDERED THE
CITY OF PASCAGoULA.
BE IT ORDAINED BY THE BOARD
OF MAYOR AND cOUNcILMEN or
THE CITY OF PAScAGoULA. MIS-
SfssIPPf.
SECTION /. That the Mayor and
Clerk Of the City of ~Pascagoula. Mis-
sissippi, be, and they are hereby di-
rected to execute in the name of and
for and in behalf OF the said City
and under its seal. the following de
scribed lease contract with Grady
Buick Company OF p~ascagoula. Missis-
slppi, to-Wit:
STATE OF MISSISSIPPI
COUNTY OF JACKSON
This LEASE CONTRACT made and
entered into on the - day OF
April. 1919, by and between Grady.
Buick Company OF P~ascagoula, Mis-
| sissippi, hereinafter called the Lessor.
and the City of ~pascagouia. Missis-
sippi, a municipal corporation, acting
by and through Its Mayor and Clerk
herein, n pursuance of an Ordinance
| adopted by the Board OF Mayor and
Councilmen OF the said City. herein
after called the Lessee, WITNESSETH'
/. Lessor does by these presents
lease and let to the Lessee for twelve
months. under the terms and condi-
lions, and for the consideration here
matter set forth. that certain new ie40
2 ton GMC Truck. equipped with 5
yard dump body, Motor Number
| A248eD9gz. Serial No. 1926.
2. Lessor Will accept from Lessee
for the use of said motor vehicle. UNI
der the terms and provisions of this
lease, $1,000 in cash. and twelve ti2l
equal monthly payments of the sum OF
s242.t2 each. the first of which rentals
Is due and payable June /. 1919. and
the said rentals shall be due there
after in n like sum on the LIST day oil
each month for twelve consecutive
months. and said last payment in the
amount of S242i IL to be due on May
l. 1850. After full payment OF said
rental instaIlments, the rental for said
vehicles shall be the sum of 81 90 per
year. PAYABLE on the list day of jan
uary |, 1881. and annually thereafter.
3. Lessee agrees and obligates itself
to make the said rental payments as
they respectively become due, and also
covenants and agrees to insure said
motor vehicle at its own expense
against loss by fire and against loss
by theft In a sum of not less than
S29i5.48 on said vehicle. against each
such loss.
4. II Is further agreed that in the
event any one of he rental payments
are not made on the due date thereof
that the same shall bear interest al
the rate of 90 per mum from It's
due date until such time as the sams
Is paid.
3. Lessee further covenants and
agrees that il will at its own erpensC
maintain and keep in a good state OF
repairs said vehicle and will, on the
expiration or termination of this lease,
return the same to lessor In the same
condition as the same now Is, normal
wear and tear excepted.
@. Lessee further agrees that during
the period of this lease IL will restore
and repair. at its wv expense. any
and all damages which may be suf-
fered by the said vehicle by collision
or otherwise.
z. In the event of default in the pay
ment of any of the rental payments
specified herein at its maturity, the
lessor may. at his option, either ter
inmate this lease and take possession
of the said vehicle, or may proceed
to the collection of said rental pay
ments as they severally mature, by
court action or any other proper man
ner; provided. however. any such de
fault. If anv Is not caused by appeal
or other proceedings by any taxpayer
or taxpayers. In which event the rent
al payments are to be made as 500
as such appeal or other proceedings
will have been favorably disposed of,
and in the event of such an appeal
or other proceedings pending termina-
ton of same the lessee shall not be
held In default for ~non-payment OF
rental.
8. II Is further agreed that during
the term of this lease the lessee Is 10
pay all cost of operation and mainte-
nance of the said vehicle, and Is also
to a any and all lawful taxes which
may be levied on same, either priv
ilege or ad valorem or otherwise.
p In consideration of the execution
of this lease and payment of rentals,
Lessor does nv these presents give
and grant TO lessee the right and OPP
ton to purchase said motor vehicle on
any rental payment date at and for
the sum of $29i5.48 plus interest a
the rate of So per annum from this
date thereon to the rental payment
date on which this option to purchase
Is exercised. on which sum shall be
credited any payments and interest
thereon made as rental ON same Il
said time. Notice of the exercise o
the option to purchase shall be given
to the Lessor. or to the holder or own
er of this lease. ten DAYS prior to the
rental payment date on which same
Is to he exercised. said notice To bs
given In writing. which may either be
delivered In person, or sem by United
States mail. postage prepaid. to the
address of the Lessor or holder ol
owner of this Lease Contract. Upor
the exercise of the said option ana
payment of the purchase price e
Lessor or the holder or owner of thi:
Lease contract. a Bill OF Sale war
ranting title to said property shall b,
executed and delivered To Lessee by
Lessor.
IN WITNESS WHEREOF. the par.
tiae haFafa have haraunfn gaf thpi