The Chronicle-star combined with the Moss Point advertiser., 1949-04-29
Legal Notice



o~nDfsANcE NO. 10. is4s
An ORDINANCE ENTITLED AN
ORDINANCE DIRECTING THE MAY.
CLERK OF THE CITY on
4ASFAcoULA, MISSISSIPPI, N THE
NAME OF AND FOR AND IN az
MALF OF The SAID CITY 10 LEASE
gNk CERTAIN NEW STUDEBAKER
TSrssSSSS MODEL igae, FROM THE
ZONES MOTOR COMPANY or PAS
GAlQuLA MISSISSIPPI. DEFINING
jill TERMS AND CONDITIONS or
Ill SAID LEASE AND THE SUB.
STANTrAL FORM THEREOF. THE
SAID MOTOR YEHicLE TO BE
LEAsEp FOB AND OPERATED BY
PREPAYMENT OF PUBLIC
GpulA IN CONNECTION wfrn Ifs
SfRyIEEs RENDERED Ttix CRY OF
BE RI OBTAINED BY THE noARp
OF MAYOR AND COUNcTLMEN ar
ThEn.CITf or PAscAGoULA, MIS-
SECTION 1. That the msyor and
Gterk of the City of pascaRoula, Mis-
s1ssippi. be, and they are hereby al
[ecteu 70 execute In the name oil and
z nc IN behalf OF the said City, and
nHner us seal, the following described
paany Of rasrasouls. Mississippi 70.
VIII:
STATE OF MISSISSIPPI
NgupDfY OF JACKSON
MS LEASE CONTRACT made and
entered INTO or his the--AdAv al
April. 1919. by and between Jones Mo.
Eor company OF p~hscaRoula. Missis-
bsppt, hereinafter called The Lessor.
500 CITY of ~Pascagouls, Missis-
sppi.s municipal corporation, acting
uy 2 Through its Mayor and Clerk
hsrsiiis IN pursuance of an Ordinance
sqopteq by the Board OF Mayor ana
Supnciimen of the said City, herein.
after called the Lessee, WITNESsETH:
Lessor does by these presents
lease and let 10 the Lessee for twelve
npiths, under the terms and condi-
sinls \ for the consideration here
saalter set forth, that certain new
lyss ia Ton Studebaker Truck. Motor
No IA-s4776, Serial No. R-6-230i4.
Lessor will accept from Lessee
LOT the use OF laid motor vehicle, UNI
GET the terms and provisions of this
ieAse $1,000 in cash. and twelve ff2l
eeqpsi monthly payments of the sum
~ Iz545 each, the first of which
rentals is due and payable June i.
1919. and the said rentals shall be due
tnereaftcr In q like sum on the LIST day
OF each month for Twelve consecutive
months. and said last payment in the
amour OF sf23.46 to be due on NAV
II After full payment of said
rental installments. the rental for said
vehicles shall be the sum of 81 90 per
year. PAYABLE on the LIST day of Jan
vary l.. 1851. and annually thereafter.
y Lessee agrees and obiigates itself
20 make the said rental payments as
Trey respectively become due. and
also covenants and agrees TO insure
SAID motor vehicle at its own Expense
against loss by fire and against loss
~ theft in a sum of moi less than
xl4si.sI on said vehicle, against each
4. II Ii further agreed that in the
event any n of the rental payments
are not made on the due date thereof,
that the same shall bear interest al
ne rate OF 81 per annum from its
Y GATE until such time as the same
is paid.
8 Lessee further covenants and
agrees that 1t will at its own expense
maintain and keep in a good state OF
repairs said vehicle n 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
me period of this lease II win restore
E.- tFHhtf 81 tvs WI GkHtnHt. Inv
and all damages which may be suf-
fered by the said vehicle by collision
or Otherwise.
y. in the event of default in the paw
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 SAID vehicle. or may proceed to the
collection of said rental payments as
they severaily mature. by court action
or any other proper manner: provided
however, any SUCH default, II any, is
not caused bv appeal or other pro-
ceedings by any taxpayer or taxpayers,
IN which event the rental payments
are to be made as soon as such appeal
or other proceedings will have been
fevorably disposed of, and In the event
OF stich an appeal or other proceedings
pending termination of same the lessee
shall not be held in default for non
payment of rental.
., II Is further agreed that during
the term of this lease the lessee is TO
pay all cost of operation and mainte-
nance of the said vehicle. and Is also
to pay any and all lawful taxes which
may be levied ON same, either priv
ilege or ad valofem or otherwise.
y In consideration of the execution
OF this lease and payment of rentals.
Lessor does by these presents give and
grant to lessee the right and option
to purchase said motor vehicle on any
rental payment date at and for the
sum of $i49t. al plus interest at the
rate of SO q n from this date
thereon to the rental payment date
on which this option TO purchase is
exercised, on which sum shall be
credited n payments and interest
thereon made as rental on same to
said time. Notice of the exercise OF
the option to purchase shall be given
TO the Lessor. or TO the holder or
owner of this lease, ten DAYS prior TO
the rental payment date on which
same Is TO be exercised. said notice
to be given In writing, Which may
either he delivered in person. or sent
by United States mail. postage pre-
paid, to the address of the Lessor or
holder or owner of this Lease Con.
tract. Upon the exercise of the said
option and payment of purchase price
to Lessor or the holder or owner of
this Lease Contract. a Bill of Sale
~warranting title to said property shall
be executed and delivered to Lessee
by Lessor.
IN WITNESS WHEREOF. the par
ties hereto have hereunto set their
hands and caused the corporate seal
of the City of P~sseagoula. Mississippi.
to be affixed hereto. on this the
day Of April. A. ID. l9da.
JONES MOTOR COMPANY