0672 – 99 Year Lease to United Commercial Co.

ORDINANCE NO. 672 

AN ORDINANCE FOR A LEASE FOR A PERIOD OF NINETY-NINE (99) YEARS OF PROPERTY BELONGING TO THE CITY OF RICH HILL, MISSOURI, TO UNITED COMMERCIAL CLUB OF RICH HILL, AND PROVIDING FOR THE RENEWAL THEREOF

BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RICH HILL AS FOLLOWS:

SECTION 1.  The Mayor of the City of Rich Hill and the Clerk of said city are hereby authorized and directed to enter into a contract leasing certain property belonging to the City of Rich Hill, Missouri to United Commercial Company of Rich Hill, Missouri, for a period of ninety nine (99) years at an annual rental of One Dollar, ($1.00) per year, such contract to be in words and figures as follows:

LEASE

THIS LEASE, executed in duplicate, this 24th day of December, 1957, by and between the City of Rich Hill, a Municipal Corporation under the laws of the State of Missouri, hereafter referred to as Lessor and United Commercial Company of Rich Hill, a corporation duly organized under the laws of the State of Missouri, hereafter referred to as Lessee, wherein it is agreed as follow:

  1. The lessor, in consideration of the rents herein reserved to be paid and the agreements and conditions herein contained, does by these presents demise, lease and let unto the lessee, its successors and assigns, the following described land located in Bates County, Missouri, to-wit

The West 10 acres of a tract of land described as beginning at a point on the north line of the SE1/4 of the NW1/4 of Section 5, 50 feet west of center of main track of Missouri Pacific Railroad, and running thence west 750 feet, thence south 750 feet, thence east to a point 50 feet west of said main tract of said railway, thence along a line running in a northwesterly direction parallel to said main track of railway and 50 feet distant there from to beginning and containing 13 acres, more or less, and being a part of the SE1/4 of the NW1/4 of Section 5, Township 38, Range 31.  Also, a tract described as commencing at a point 1194 feet 6 inches east and 750 feet south of the northwest corner of Lot 1 of the NW1/4 of Section 5, said point being the southwest corner of land formerly owned by Southwest Lead & Zinc Company, thence west 477 feet, thence north 425 feet to land owned by W.W. Cheverton, thence east on south line of said Cheverton land 477 feet, thence south 425 feet to the point of beginning, in Township 38, Range 31, and containing 4.65 acres, more or less,

For a term of 99 years beginning on the date of the execution of this agreement, at an annual rental of One Dollar ($1.00) per year to be paid annually on the anniversary of this agreement.

“Lessee further agrees that it will pay and discharge promptly when and as the same become due and payable, any taxes, levies, and assessments of any kind and description which may be levied, assessed or imposed against the demised premises.

Lessee further agrees that if any such taxes, levies or assessments shall remain unpaid as they shall become due, the lessor at its option may pay the same and lessee will, upon demand, repay the lessor with interest at the rate of six per cent from the time of payment until repayment is made.

The lessee further agrees that it will not let, sublet, occupy, or permit to be occupied, such premises for any purpose forbidden by or contrary to law, and that it will keep said premises free from all nuisance whatsoever.

Lessee shall have and is hereby given the right and privilege at its own cost and expense, to construct, repair, remodel, change and improve any buildings on the present premises herein demised, and is authorized hereby to remove any such buildings or improvements.

Lessee shall also have the right to an easement across the east 7.65 acres retained by the Lessor of the tract above described, to be located wherever desired by the Lessee, to obtain access to the railroad.

United Commercial Company of Rich Hill-Adrian Craigmiles-President

Read three times and passed this____day of December 1957.

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Marvin Hurst-Mayor

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J. Craig-City Clerk

No voting record

 

 

 

 

 

 

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