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ORDINANCE NO. 84 ~;:-.- ----- =----- - :._i . , . . o ORDINANCE NO. ~~ AN ORDINANCE RELINQUISHING AND RESCINDING ANY AND ALL RIGHTS OF CITY OF SCHERTZ, TEXAS, IN OR TO OPTION AGREEMENT GRANTED BY SCHERTZ WATER WORKS, INC., ON NOVEMBER 19, 1962; CONTAINING OTHER PRO- VISIONS RELATING TO SAID OPTION AGREEMENT ; AND PROVIDING THAT THIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS ADOPTlON THE STATE OF TEXAS ~ COUNTY OF GUADALUPE ~ The City Council of the City of Schertz, Texas, convened ~ in~ session at .L';{/1'~1~ih-J-;~~-~,.t;! /./...~.I_ , day of ~~ ,1963, with the following members on the ,., r- present, to-wit: Dr. Roy W. Richard Mayor Ralph R.. Ikels Alderman Elgin Beck Alderman George P. Bolton Alderman W. E. Ebert Alderman R. R. Cosby Alderman G. W. Pickrell City Secretary and the following member(s) absent, to-wit: ~ , when the following, among other business, was transacted, to-wit: The Mayor introduced an ordinance which was read in full. Alderman t:"sJv . made a motion that the ordinance be adopted as Aj ~ read. Alderman ) ;f-'~/.s seconded the motion for adoption of said ordinance. .,... The motion, carrying with it the adoption of the ordinance, prevailed by the following vote: AYES: Aldermen Ikels, Beck, Bolton, Ebert, Cosby, and Mayor Richard. NOES: None. The Mayor thereupon announced that the motion had duly and .' lawfullyicarried, and that the ordinance had been duly and lawfully 'lJ" adopted. T~e ordinance thus adopted follows: - - .. ...IIi . . .,~ '-' .. . t' ., . AN ORDINANCE .RELINQUISHING AND RESCINDING ANY AND ALL RIGHTS OF CITY OF SCHERTZ, TEXAS, IN OR TO OPTIONAGREEMENT GRANTED BY SCHERTZ WATER WORKS, INC.,ON NOVEMBER 19, 1962; CONTAINING OTHER PRO- VISIONS RELATING TO SAID OPTION AGREEMENT; AND PROVIDING THAT THIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS ADOPTION WHEREAS, on the 19th day of November, 1962, Schertz Water Works, Inc., a Texas Corporation (hereinafter sometimes called "Corporation"), by proper option agreement granted to the City of Schertz, Texas, a municipal corporation organized and existing under the laws of the State of Texas (hereinafter sometimes called "Schertz "), a conditional option, upon the terms and conditions set forth in said option agreement, to purchase certain properties described in said op- tion agreement (situated in Guadalupe and Bexar Counties, Texas); and WHEREAS, Schertz is purchasing from Corporation less than all of the properties described in said option agreement; and WHEREAS, Schertz wishes to relinquish and rescind any and all of its rights in or to said option agreement, and to ratify and confirm the cancellation and revocation of such option agreement by Corporation; Therefore BE IT ORDAINED BY THE' CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS: Section 1: That the City of Schertz, Texas, does hereby affirmatively and officially relinquish and rescind any and all rights of said City in and to that certain option agreement, dated November 19, 1962, from Schertz Water Works, Inc., to said City of Schertz, and does hereby affirmatively and officially ratify and confirm the cancella- tion and revocation of such option agreement by said Schertz Water ~ 1;-;' ';~~ ., Works, Inc. " . . . . . . . . .' Section 2: That this ordinance shall be in full force and effect from and after its adoption. PASSED AND APPROVED this ~ day of J?7~ , 1963. Texas ATTEST: j fI.. ;2~~pd! Ci ty Secre tary (SEAL) " " ~ . .::1