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HomeMy WebLinkAbout968 - Oil & Gas Lease• 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 ROLANO THOMPSC ATTORNEY AT LAW SANTA ANA. CALIF. n r E• i •E a• WHEREAS, there has this day been presented to the City 11 Council of the City of Newport Beach a certain 011 and Gas Lease dated the 20th day of July, 1936, wherein the City of Newport Beach is referred to as the Lessor, and The Texas Company is preferred to as the Lessee; and WHEREAS, said lease provides that the City of Newport Beach leases to the said The Texas Company, certain property owned by the City of Newport Beach, for the purpose of producing oil and gas thereon; and WHEREAS, the City Council of the City of Newport Beach (deems that it is for the beat interests of said City that said property described in said lease, be leased to The Texas'Qompany. NOW, THEREFORE, BE IT RESOLVED: That the Mayor and j City Clerk of the City of Newport Beach be, and they are hereby directed and instructed to execute said lease on behalf of the city of Newport Beach, when the City Engineer and City Attorney of the City of Newport Beach shall have approved in writing by endorsement on said lease, the description therein contained and the form of said lease; that said lease shall be delivered to The Texas Company, or its representative, when the bonus, to -wit, the sum of $3722.40, provided in their offer of July 17th, 1936, shall have been paid and The Texas Company has executed said lease agreement. I hereby certify that the above and foregoing Resolution was duly and regularly passed and adopted by tye City Council of the City of Newport Beach at a regular meeting thereof held on the 201h day of Jul- , 1936, by the following vote, to -wit: 1. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 I 20 21 22 23 24 25 26 27 28 • 29 30 31 32 ROLANO THOMPSON,l AT ORNEYATLAW SANTA ANA. CALIF. II i a (SEAL) .0 AYES, COUNCILMEN: F-'<�803. ; re, NOSE, COUNCILMEN: 1 g:a t. ABSENT, COUNCILMEN: a