1963-011 ORDINANCE PATIFYING AND CONF/RMING 0ONTRACT AND
AUTHORIZING ISSUANCE OF $305,000 "CITY OF DENTON,
TEXAS, PERMANENT IMPROVEMgNT WARRANTS", DATED
APRIL 15, 1963
TH~, STATE 0F TEY~S ~I,~
0ITY OF DENTONItl
COUNTY OF DENTON
ON THIS the ~3rd day. of April, 1963, the Council of
the, City of Denton, Texas, convened in regular session at the
regular meeting place thereof in the City Hall with the following
members present, to-wit:
WARREN WHITSON, SR. ~YOR
ALLEN ~EL~
RAY LAGLEDER COUNC II/~EN
TOM L~NE¥
H. R. PEMBERTON
when among other proceedings had were the following:
The Mayor introduced a proposed ordinance The ordinance
was read in full by the City Secretary.
Thereupon, it was moved by Councilman Pemberton
and seconded by Councilman La$1eder that the same be
pas.sed and adopted. Thereupon the question being called for
the following members of the Council voted "AYE" Mayor Whitson
and Councilmen Self, Lagleder, Laney and Pemberton, and none
voted "NO".
The Mayor announced that the ordinance had been finally
paslsed and adopted
The 0RDINAN~E is as follows
"AN ORDINANCE by the Council of the City of Denton,Texas,
ratifying and confirming contract for the purpose of
acquiring and purchasing land for a capital project
and public purpose, to-wit a site for a civic center
in and for said City; providing for the issuance of
$305,000 interest bearing time warrants for the purpose
of paying a portion of the cost thereof, enacting
provisions incident and relating to this ordinance."
WHEREAS, heretofore, to-wit on the R6th day of March,
1963, the Council of the City of Denton, Texas, passed and
adopted that certain resolution authorizing the Mayor to publish
notice of City's intention to receive bids for acquisition and
purchase of land for a site for a civic center in and for said
City, and of the City:s intention to issue interest bearing
time warrants therefor, and which resolution is recorded in
Volume l? of the Minutes of said Council, and
WHEREAS, the Council has duly ascertained and determined
that the notice prescribed by the aforesaid resolution was duly
issued and published in the DENTON-RECORD CHRONICLE, which is a
newspaper of general circulation and published in the City of
Denton on the following dates, towit April l, 1963, April 8, 1963,
April 12, 1963 and April 15, 1963, the date of the first publica-
tion being at least fourteen (14) days prior to the 23rd day of
April, 1963, which was the date stipulated in the aforesaid resolu-
tion and notice for receiving proposals or bids, and
WHEREAS, it was provided and stipulated in said resolu-
tion, and also in said no~ice, that sealed proposals would be
received until 8:30 A.M on the 23rd day of April, 1963, at which
time said proposals were to be publicly opened and read, and
WHEREAS, it was provided and stipulated in the afore-
said resolution of March 26, 1963, and in said notice, that it is
the intention of the Council of the City of Denton, Texas, to
issue interest-bearing time warrants to the proper contractor
in payment of all or a portion of the contract price, said war-
ranSs not to exceed the principal amount of $305,000, the principal
of said warrants to be payable serially with the maximum maturity
date being not later than December 31, 1983, and to bear interest
at a rate not to exceed 3-1/4% per annum, and
WHEREAS, the Council affirmatively determined and finds
that no petition of any kind has been submitted to the City
Secretary of the City of ~enton, Texas, or to any member of the
Council, or to any officer of the City whatsoever, requesting a
referendum vote upon the question of authorizing the issuance of
the bonds of said City for the purpose of providing the money
with which to acquire and purchase land for a capital proJect~
and public purpose, to-wit, a site for a civic center in and for
said City, or the issuance of the interest-bearing time warrants
of the City in ~yment of all or a portion of the cost thereof,
and that therefore this Council is authorized and empowered to
procee~ with the acceptance of proposals and awarding of contract
and the issuance of interest bearing time warrants in payment of
all or a portion of the cost of said improvements, and
WHEREAS, on the date stipulated in the aforesaid resolu-
tion and in such notice, to-wit on this the 2Brd day of April,
196~, the Council duly convened and received proposals in respect
of the advertised purposes, and
WHEREAS, the 0ouncil hereby affirmatively finds and
deSermines that the proposal submitted by FIRST STATE BANK,
Denton, Texas, was the lowest and best bid submitted, such
proposal being as follows, to-wit:
AND WHEREAS, it is affirmatively found and determined
that the aforesaid proposal or bid was submitted in accordance
with the published notice to bidders, and,
WHEP$~S, it is affirmatively found and adjudged that
the awarding of contract and the incurring of the obligations
herein proposed will not exceed any constitutional or statutory
authority of the City under the Constitution and laws of the
State of Texas, and,
WHEREAS, by virtue of the aforesaid conclusions of
this Council it is found and adjudged that the proposal of
FIRST STATE BANK, Denton, Texas for the sale of the land
(as described in said proposal and hereinafter described) to
the City of Denton, to be used as a site for a civic center in
and for said City, should be in all things ACCEPTED, RATIFIED,
CONFIRMED, APPROVED and ADOPTED as the act and contract of the
City of Denton, and such proposal and contract should have effect
according to its tenor and purport as the official act and deed of
said City, and
WP~REAS, it having been agreed and understood by and
between the City and the aforesaid contractor, whose bid is herein
accepted, that a portion of the cost of ~uch land would be paid
by the issuance and delivery to said Contractor of the City's
legally issued time warrants, accordingly, the City and the
Contractor have entered into the following Memorandum of Agreement,
dated as of the 2Brd day of April, 1963, reading as follows,
to,wit:
~Q~II,II'vA~ O~U't,%JA ~l~ Jim ~ ~d ~IUOFH~ ~dJ3 f) f~ ~oz b~*l
~ ~w-od
MEMORAND~H OF AGREEMENT
STATE OF TEXAS
COUNTY OF DENTON
MEMORANDUM OF AGREEMENT between the City of Denton,
Texas, acting through its Mayor and City Secretary (~ereinafter
called ~City"), an~ FIRST STATE BANK, Denton, Texas (hereinafter
called Contractor ):
WHEREAS, on the 23rd day of April, 1963, the parties
hereto made and entered into a certain contract in writing where-
in and whereby the said Contractor agreed to sell and convey
the property described in the ordinance adopted by the Council
of said City on the 23rd day of April, 1963, by general warranty
deed; all in accordance with the provisions of the Notice to
Bidders and in accordance with plans and specifications approved
by the Council of said City, and
WHEREAS, it was and is agreed and understood that the
City is to finance a portion of the cost of such contract by the
issuance and delivery to the contractor of its legally issued
time warrants in the principal sum of THB~ HUNDRED FIVE
THOUSAND DOL~ARS ($305,000), and
WHEREAS~ it is provided by the aforesaid contract that
the full compensation to be paid the Contractor by the City
shall be $,,305,000 , and
WHEREAS, the said City and the said Contractor herein an
hereby agree that the said sum of $ 305~000 shall be psi
the said Contractor pursuant to said contract by the issuance
and delivery to said Contractor of the time warrants of said City
in the principal sum of $305,000, a,~-t~h~-~,yme~w~D~
IT IS T~RE~0RE AGREED AND UNDERSTOOD BY AND BETWEEN
THE PARTIES HERETO AS F~LLOWS:
SECTION~i: That the said City agrees to pay and the
said Contractor agrees to accept payment of said sum of
$305,000 as follows:
(~ ~-s~w-~-$ ................... ~-~-~-~n
(~) The sum of $305,000 shall be paid by the
issuance and delivery of an equal par amount of the legally
issued time warrants of the City of Denton, Texas, for the
purpose of paying the cost of purchasing and acquiring said
property, in accordance with the Notice to Bidders and
pursuant to the aforesaid contract of April 23, 1963, and
which warrants shall be payable to FIRST STATE BANK, Denton,
Texas, Contractor, or bearer
SECTION 2. That said warrants shall be dated April
15, 1926~ Shall bear interest at the rates of 2.75__~_~, 2.80
and ~ · 5 %, payable April 15, 196~, and seml-annually--~afte
on October 15 and April 15 in each year, both principal and
info,st to be payable at the FIRST STATE BANK, Denton, Texas,
and shall ~e numbered and mature in accordance with the following
schedule:
klOTHJ'G WO YTMUO0
'%~O, Ltf~J 8A (~I 3 I/TqAq
~P~A~ ~RS
1~ Inclusive) MATURITY DATES AMOUNTS
1 to 15 April 15, 1966 $15,000
4616 t° !i April 15, 1967 15,000
3~ to April 15, 1968 15,000
to April 15, 1969 20,000
66 to 90 April 15, 1970 25,000
91 to 120 April 15, 1971 30,000
121 to 150 April 15, 1972 30,000
1~1 to 185 April 15, 1973 35,000
186 to 225 April 15, 1974 40,000
226 to 265 April 15, 1975 40,000
266 to 305 April 15, 1976 40,000
such war~ants being in denomination of $1,000 each, aggregating
the principal sum of $305,000
3EaTION. 3: That the City hereby agrees to levy and
have assessed and c011eeSed annually taxes sufficient to pay
the interest on said warrants as it accrues and the principal
thereof as the same matures, and that both principal and interest
of said warrants will be promptly paid when due
SEOTION 4: That said warrants are to be issued and
delivered to the said aontractor when City has received such
reasonable assurance as it may require as to the title to said
property.
SECTION ~: Nothing herein shall be construed as
rescinding or cancelling the aforesaid Contract of April 23,
1963, but this Agreement shall be and is cumulative thereof.
E~CUT~D IN DUPLICATE at Denton, Texas, this the
23rd day of April, 1963.
, 0ITY OF DENTON, TEXAS
C~t~y Secretary Mayor
FIRST STATE BANK, Denton,Texas
(Bank Seal) By(Contracto~~)
AND WHEBEAS~ it appearing to the Council that all
prerequisites for making legal, binding and subsisting contracts
have been complied with, and that all the provisions of Article
RB68a~ V A T.C.S of Texas~ 1925, as amended, have been followed~
and that this Council may properly proceed with the ordinance
authorizing the ismuance of said warrants to be delivered in
payment of part o£ the cost of acquiring and purchasing land
for a capital project and public purpose, to-wit a site for a
civic center in and for said City, same being lands conveyed
to W. C. Orr, Jr , Trustee by deeds of record in Volume 488
page 129 o£ the Deed Records of Denton County, Texas, and
in Volume 490, page R~l of the Deed Records of Denton County,
Texas, same being more fully described in the proposal.
THEREFOltE, TH~ OOUNOIL OF THE CITY OF DENTON HEREBY
ORDAINS:
SEOTION 1: That the aforesaid contract of April 23,
1963, and the aforesaid Memorandum of Agreement of April 23,
1963, are hereby in all things RATIFIED, APPROVED, 00NFIRNED and
ADOPTED.
SECTION 2: That, pursuant to the aforesaid Contra~,
there shall be, and there is hereby ordered to be , issued under
and by virtue of the Constitution and laws of the State of Texas,
the warrants of said City in the total principal sum of THREE
HUNDRED FIVE THOUSAND DOLLARS ($305,000), to be known as "CITY
OF DENTON, TEXAS, PEP~AMENT IMPROVEMENT WARRANTS", dated
April 15, 1963, all in~enomination of One Thousand Dollars
($1,000) each, numbered from One (1) to Three Hundred Five (305),
both inclusive, and to mature serially, without right of prior
redemption, in accordance with the following schedule
WARRANT NUmBeRS
(Ail Incl,usive) MATURITY AMOUNT
1 to 15 April 15, 1968 $15,000
16 to 30 April 15, 1967 15,000
31 to 45 April 15, 1968 15,000
46 to 65 April 15, 1969 20,000
66 to 90 April 15, 1970 25,000
91 to 120 April 15, 1971 30,000
121 to 150 April 15, 1972 30,000
151 to 185 April 15, 1973 35,000
186 to 225 April 15, 1974 40,000
226 to ~65 April 15, 1975 40,000
266 to 305 April 15, 1976 40,000
SECTION $: That said warrants shall bear interest
from date to maturity at the following rates per annum.
(a) Warrants Numbered 1 to 15
...... , at the
rate of ..2.75 ~
(b) Warrants Numbered 16 to 150 , at the
rate of 2..80 %,
(c) Warrants Numbered 151 to 305, at the rate of
2.85 %,
which interest shall be payable on April 15, 1964, and semi-
annually thereafter on October 15 and April 15 in each year, such
interest to be evidenced by proper coupons attached to each of
said warrants.
.SEOTION 4: That the principal and interest of said
warrants shall be payable in lawful money of the United States of
America, without exchange or collection charges to the owner or
holder, at the FIRST STATE BANK, Denton, Texas, upon presentation
and surrender of proper coupons or warrants
SECTION 9: That each of said warrants shall be signed
by the Mayor, co%ntersigned by the City Secretary, and registered
by the City Treasurer of the City of Denton, Texas, and the
corporate seal of the "0ITY OF DENTON, TEXAS, shall be impressed
on each of them. The facsimile signatures of the Mayor and City
Secretary may be lithographe~ er printed on the ir~rest coupons
attached to each of said warrants.
~0TION 6: That the form of said warrants shall be
substantially as follows:
NO. UNITED STATES OF AMERICA $1,000
STATE OF TEXAS
00UNTYOFIENTON
CITY OF IENTON, TEXAS, PERMANENT IMPROVEMENT WARRANT
THIS IS TO OERTI~/ that, FOR VALUE RECEIVED, the City
of Denton, a municipal corporation of the State of Texas, is
Justly indebted to and hereby obligates itself to pay to
FIRST STATE BANK, Denton, Texas, Contractor, or bearer, without
right of prior redemption, on the FIFTEENTH DAY OF APRIL, 19 ,
at the FIRST STATE BANK, Denton, Texas, the sum of
ONE THOUSANDDOLLARS
($1,000), in lawful money of the United States of America,
with interest thereon from the date hereof to maturity at the
rate of PER CENTUM ( ,,, %) per
annum, payable on April 15, 196#, and semi-annually thereafter
on, 9~mber 15 and April 15 in each year, and the Treasurer of
said Oity is hereby authorized and directed to pay the said
FIRST STATE BANK, Denton, Texas, Contractor, or bearer, said
principal sum, together with interest thereon, payable at the
paying agency named above, without exchange or collection charges
to the owner or holder, out of and from moneys belonging to the
"SPECIAL PERMANENT IMPROVEMENT WARRANT FUND" created for that
pu~mpose
THIS ~ARRANT is one of a series of Three Hundred Five
(305), serial warrants, numbered consecutively from One (1) to
Three Hundred Five (305), both inclusive, aggregating the
principal sum of THREE HUNDRED FIVE THOUSAND DOLLARS ($305,000)
issued to FIRST STATE BANK, for the purpose of acquiring and
purchasing land for a capital project and public purpose, to-wit:
a site for a civic center in and for said City, in accordance
with specifications, pursuant to contract, and under and by virtue
of the Constitution and laws of the State of Texas, and pursuant
to ordinance duly passed and adopted by the Council of the City
of Denton on the Z~Dd day of April, 1963, and duly recorded in
the Minu~s of said Council
IT IS HEREBY 0ERTI~IED, RECITED AND REPRESENTED that
alt acSs, conditions and things required to be done precedent to
and in the issuance of this warrant and the series of which it is
pa~t have been proper2yldene, have happened and been performed in
regular a~ due time, form and manner as required by law, and
that the ~ot~l indebtedness of the City, including this warrant
andI ~he series of whio~,it is a part, does not exceed any consti-
tutional, er statutory ~mitations, and that a sufficient tax to
pay the principal of and interest on this warrant and of the
series oflwhioh it is ~ part at their respective maturities has
been levied and will continue to be levied and collected and
applied in payment thereof.
IN TESTIMONY~R~0F; the City of Denton, Texas, by
its Council has caused-.~ts corporate seal to be affixed hereto,
and~this Warrant to'be signed by its Mayor, countersigned by the
CitM Secretary, and registere~ by the City Treasurer, and the
dat~ of Shes wahrant, i~ conformity with the ordinance above
referred $o, being the~[F~A~NTH DAY O~ April, 196B
I ~ '~ May0~, ~ity of Denton, TeXaS
COU~t~RSIGNED: '
0'It Secretary,City of ~enton,Texas
i ~ REGISTERED:
t ~ OitY Treasdrer, City of Den'ton,Texas
~EOTION 7. The form of said interest coupons shall be
substantially as follows
NO.I ON THE ~IFTEENTN DAY
OF
19
thelOITY OF DENTON, a municipal corporation of the State of Texas,
hereby promises to pay to ~IRST STATE BANK, Denton,Texas,
ConSractor or bearer, at the FIRST STATE BANK, Denton, Texas,
the, sum of
,,, ,DOLLARS
($ ,), in lawful money of the United States of America,
without eEchange or collection charges to the owner or holder,
said sum being ...... .months' interest due that day on "CITY OF
DENTON, TEXAS, PERMA~NT IMPROVE~NT WARRANT", dated April 15,
1963. Warrant No. ..
Cit~ Secretary yor
SECTION 8: That the following certificate shall be
printed on the back of each warrant
ASSIGNMENT
THIS IS TO CERTIFY that FIRST STATE BANK, Denton,
TeXas, Contractor, has ,received the within warrant from the
City of Denton, Texas, in payment of the amount due by said City
to,said Oontractor by virtue of the valid and subsisting contract
entered into by and between said Contractor and said City on the
R3rd day of April, 1963, and FOR VALUE RECEIVED the said ¢ontracto
hereby transfers, assigns, sells and delivers to bearer, without
recourse, all right title and interest in and to the within
principal warrant and interest thereon, and the said bearer is
helreby subrogated to all claims, liens, rights and title whether
at law or in equity which are or may be secured to the said
Contractor in the aforesaid contract, and the bearer hereof is
a~thorized to collect ~he same and give full receipt and
a~quitta~ce therefor.
FIRST STATE BANK, Denton,Texas
(Contractor
By.
SECTION 9: That the said warrants herein provided for
shall be executed and delivered by the Mayor, City Secretary and
Oity Treasurer, upon order of this Council, at such time as the
aferesaid estimates or accounts are duly submitted to and
approved by this Council.
~EQTION 10: That a special fund to be designated
"S~ECIAL PERMANENT IMPROVEMENT WARRANT FUND" shall be, and same
is hereby provided and established, that to create said fund and
while said warrants or any of them are outstanding and uppaid,
there shall be annually levied, assessed and collected in due time
form and manner a tax upon all of the taxable property in said
City, sufficient to pay the current interest thereon and create
a sinking fund sufficient to pay each installment of principal as
the same becomes due, or a sinking fund of 2%, whichever is greats ,
and to pay the interest on said warrants for the first year, and
to create a sinking fund with which to pay the principal as the
same becomes due, or a sinkhg fund of 2% whichever is greater,
there is hereby levied a sufficient tax on each one hundred
dollars~ valuation of taxable property in said City for the cur-
rent year and the same shall be assessed and collected and applied
to the purpose named, and while said warrants or any of them are
ouSstanding and unp&~, a tax each year at a rate from year to
year, as will be ample and sufficient to provide funds to pay the
current interest on said warrants and to provide the necessary
sinking fund, full allowance being made for delinquencies and
costs of collection, shall be and is hereby levied for each year
respectively, while said warrants or any of them are outstanding
and unpaid, and said tax shall each year be assessed and collected
and applied to the payment of the principal of and interest on
said warrants. The Council hereby declares its purpose and intent
to provide and levy a tax legally and fully sufficient fo r such
warrants, it having been determined that the existing and availabl.
taxing authority of the City for such purpose is adequate to
permit a legally suffieient tax in consideration of all outstand-
ing obligations.
~ECTI0~...!i: This ordinance shall take effect and
be in force from and after its passage, and it is so ordained.
PASSED AND APPROVED, this the 23rd day ofApril, 1963
Mayor, City o Denton, Texas
Cigy~Secr'e'tarY, City of Denton,Texas
(City Seal)
0ERTIFICATE OF CITY SECRETARY
THE STATE OF TEXAS
CITY OF ~ENTON
COUN~f OF DENTON
I, the undersigned, City Secretary of the City of
Denton, Texas, DO HEREBY CERTIFY that the above and foregoing
is a true and correct copy of an ordinance ratifying and
confirming contract and authorizing the issuance of $305,000
"CITY OF DENTON, TEXAS~ PERi, ANENT IMPROVE~ENT WARRANTS", dated
April 15, 1963 (and Minutes pertaining to its adoption) passed
and adopted by the 0ouncil of said City on the 2Brd day of
April, 1963 and which ordinance is recorded in Book
of the Minutes of said Council
IN WITNESS k~EREOF, I have hereunto signed my ~ame
officially and affixed the seal of said City this the 23r d
day of April, 1963
Cit~ Secretary,CitY of Denton,Texas
(City Seal)
FIRST STATE BANK OF DENTON
CAPITAL AND SUP, PLUS $1 300 000 00
DENTON TEXAS
April 23~ 1963
Hon. Warren Whitson~ Jr., Mayor
and City Council
City of Denton
City Hall
Denton~ Texas
Res Bid on sale of Real
Berate to Czty of
Denton~ Texas for
Civic Center
Gentlemen.
Pursuant to the reeolut=on passed by the City Council
of your City on the 26th day of March~ 1963~ and
recorded in Book 17 of the Offic=al M=nutes of the
City of Denton~ Texas~ and the public not=ce thereon
whzch appeared in the official newspaper of sa=d City~
The F=rst State Bank hereby tenders bLd for furnishin9
the land for a civic center by mak=n9 this offer to
sell to the City the property described in ~xhibit ,~,,~
attached hereto and made a part hereof~ under the terms
stated in th=s
We hereby offer to sell this property to you for the
sum of $305~000.00. It is our understandln~ that
cons=deration shall be paid by the issuance and del=very
to us of City of Denton Time Warrants in the amount of
$305~00Oo00o
We attach hereto Cashier~a check in the amount cf $~
Page 2
~on. Warren ~hi~son~ Jro~ Mayor
and City Coun~=l
of the amount of this bid in accordance with Lnatruotions
to bidders and the offlcial notLce.
Very truly yourst
FIRST STATE BARK OF D~TON
P~esiden~
Ail that certain tract or parcel of land lying and being situated
in the B B B & C R R Co Survey, Abstract No 185, in the City
of Denton, in Denton County, State of Texas, described in Warranty
Deed from C A Scott, et ux to W C Orr Jr , Trustee, dated
December 6, 1962, recorded in Volume 488, Page 129 of the Deed
Records of Denton County, Texas, and in Warranty Deed from
Bevvie Taliaferro, et al to W C Orr, Jr , Trustee, dated
January 10, 1963, recorded in volume 490, Page 241 of the Deed
Records of Denton County, Texas, said tract or parcel of land
being more particularly described as follows
BEGINNING at a point on the North curb line of East McKinney
Street in the City of Denton, Texas 61 5 feet East from the
East curb line of Austin Avenue,
THENCE North with the West line of the aforesaid Taliaferro
tract 166 0 feet to a point for corner in a fence at the
Northwest corner of the said Taliaferro tract,
THENCE East with the North line of the said Taliaferro tract
a distance of 32 0 feet to the Northeast corner of said Taliaferro
tract, =nd continuing East along the North line of the aforesaid
C A Scott tracts of land a distance of 122 0 feet to the
Northeast corner of Tract No 2 of the C A Scott property
described in the aforesaid Warranty Deed, passing at 69 0 feet
the common corner of Tract No 1 and Tract No 2 of the said
C A. Scott property;
THENCE South along the East line of Tract No 2 of the said
C A. Scott property as described in the aforesaid Warranty
Deed a distance of 170 5 feet to a point on the North curb
line of East McKinney Street;
THENCE North 87 degrees 53 minutes West with the said North
curb line of East McKinney Street, at 53 1 feet passing the
common line between Tract No 1 and Tract No 2 of the afore-
said C. A Scott property, at 90 1 feet passing the East line
of said Taliaferro tract, as extended, a total distance of
122 1 feet to the place of beginning
Ail that certain tract or parcel of land lying and being situated
in the B.B.B. & C R.R. Co Survey, Abstract No 185, in the City
of Denton, in Denton County, State of Texas, described in Warranty
Deed from R M Evers to W C Orr, Jr , Trustee, dated December 5,
1962, recorded in volume 488, Page 71 of the Deed Records of Denton
County, Texas, in Warranty Deed from Coca-Cola Bottling Works,
to W C Orr, Jr., Trustee, dated December 20, 1962, recorded in
volume 490, Page 274 of the Deed Records of Denton county, Texas,
in Wa,rranty Deed from Wayne Taylor, et ux to W C Orr, Jr ,
Trustee, dated November 100 1962, recorded in Volume 487, Page 428
of the Deed Records of Denton county, Texas, and in Warranty Deed
from C. L Blair, et ux to W C Orr, Jr , Trustee, dated December 13,
1962, recorded in VOlume 488, Page 266 of the Deed RecOrdS of
Denton,County, Texas, said tract or parcel of land being more
particularly described as follows~
BEGINNING at the point of intersection of the East line of
Subd£vision No 18 of said B B.B & C R R co Survey and the
North curb line of East McKinney Street in the City of Denton,
Texas~
THENCE North 87 degrees 53 minutes West with the North curb line
of East McKlnney Street a total distance of 316 2 feet to the
Southwest corner of R M Evers Tract No 1 as described in the
aforesaid Warranty Deed, as extended, passing at 125 1 feet the
line between the aforesaid Coca-Cola tract and R M Evers Tract
No 2 as described in the aforesaid Warranty Deed, as extended,
and passing at 225 2 the common line between the said R M
Evers Tract No 1 and Tract No 2, as extended!
THENCE North with the West line of the said R M Evers Traut
No 1 a distance of 230 0 feet to the Northwest corner of the
said R M Evers Tract No
THENCE East a total distance of 191 0 feet to a point for corner
in the West line of the aforesaid Wayne Taylor tract, at 91 0
feet passing the Northeast corner of the said R M Evers Tract
No i and the Northwest corner of the said R M Evers Tract
No 2~
THENCE North a total distance of 121 5 feet to the Northwest
corner of the aforesaid C L Blair tract on the South bank of
a creek, passing at 3 5 feet the Northwest corner of the aforesaid
Wayne Taylor tract and the Southwest corner of the said C L
Blair tract~
THENCE South 69 degrees 43 minutes East with the North line
of said C L Blair tract and the South line of said creek
133 3 feet to the Northeast corner of said C L Blair tract
on the East line of said Subdivision No 18 of the B B B &
C R R. Co Surveyl Kw~kdx~~x~xgm~m~ut~x~x~x~m~
THENCE South with the East line of said Subdivision NO 18 of
the B B.B.&C.R R Co Survey a total distance of 317 0 feet
to the place of beginning, passing at 71 0 feet the Southeast
corner of the said C L Blair tract and the Northeast corner
of the said Wayne Taylor tract, and passing at 127 0 feet the
Southeast corner of said Wayne Taylor tract and the Northeast
corner of the said Coca-Cola tract
Ail that certain tract or parcel of land lying and being situated
in the B.B.B & C.R R. Co Survey, Abstract No 185, in the City
Of Denton, in Denton County, State of Texas, described in Warranty
Deed from Robert B Neale, Sr , et ux to W C Orr, Jr , Trustee,
dated October 5, lg62, recorded in Volume486, Page 353 of the
Deed Records of Denton County, Texas, and in Warranty Deed from
E L. Harrison, et al to W C Orr, Jr , Trustee, dated October 16
1962, recorded in Volume 486, Page 651 of the Deed Records of
Denton County, Texas, said tract or parcel of land being more
particularly described as follows~
BEGINNING at the Southwest corner of the said Robert B Neale, Sr
tract!
THENCE North a total distance of 254 5 ~eet to the Northwest
corner of the said E L Harrison tract, passing at 154 5 feet
the Northwest corner of the said Robert B Neale, Sr , tract
and the Southwest corner of E L Harrison tract~
THENCE North 89 degrees 30 minutes East with a fence along the
North line of said E L Harrison tract 120 0 feet to the
Northeast corner of said E L Harrison tract~
THENCE South with the East line of said E L Harrison tract
to the Southeast corner of said E L Harrison tract a distance
of 100 2 feet,
THENCE West along the South line of said E L Harrison tract
20 0 ~eet to the Northeast corner of the said Robert B Neale, Sr
tract~
THENCE South with the East line of the said Robert B Neale, Sr ,
tract a distance of 160 5 feet to the Southeast corner of the
said Robert B Neale, Sr , tract,
THENCE North 86 degrees 34 minutes West with the South line of
the said Robert B Neale, Sr , tract 100 2 feet to the place
of beginning
Ail that certain tract or parcel of land lying and being
situated in the B B.E & C R.R. co Survey, Abstract No 185,
in the City of Denton, in Denton County, State of Texas, described
in Warranty Deed from B Sessions, et ux to W C Orr, Jr ,
Trustee, dated January 23, 1963, recorded in Volume 489, Page 124
of the Deed Records of Denton County, Texas, said tract or parcel
of land being more particularly described as follows~
BEGINNING at a point in the North line of East McKinney Street
in the City of Denton, Texas, said point being 433 5 feet East
of the East curb line of Oakland Avenue~
THENCE North with the West line of the aforesaid B Sessions
tract a distance of 150 0 feet to a fence corner at the Northwest
corner of said B Sessions tract~
THENCE East with a fence along the North line of the said
B Sessions tract a distance of 50 0 feet to the Northeast
corner of the said B Sessions tract!
THENCE South with the East line of the said B Sessions tract
a dista~ce of 153 0 feet to the Southeast corner of said B
Sessions tract~
THENCE North 86 degrees 34 minutes West with the South line
of the said E SeSSiOns tract and the North line of East
McKinney Street a distance of 50.1 feet to the place of
beginning