HomeMy WebLinkAbout1333 - Conditional Sales Contract for Marine Engine3 �
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1 RESOLUTION NO. 05
2
3 MIEREAS, there has this day been presented to the
4 City Council of the city of Newport Beach a certain Ponditional
5 Sales Contract, dated May 2nd, 1938, vheroin the South Coast
6 Company is the party of the first part, and the city of NeT.00rt
7 Beach is the party of the second part; and
g 113:IEREAS, said contract provides that the City of
9 Newport Beach shall purchase of the south Coast Company a
10 certain motor, to -wit, 1 Grey 4 -52 Jiarine Nngine, for the sum of
11 $545.00, F. 0. B. Detroit, together with $16.35 sales tax, and
12 that the first party allows the second party on one old Grey motor
13 the sum of '.150.00; and
14 '21EREAS, it is the judgment of the City Council of the
15 City of Newport Beach that it is for the best interests of said
16 city that said VArine Engine be purchased for said city as
17 aforesaid.
18 140%.'1 THEREFORE, BE IT RE90LVED: That the "Jayor and
19 City Clerk of the city of Newport Beach be, and they are hereby
20 authorized and instructed to execute said Conditional Sales
21 Contract on behalf of the city of I?euport Beach on the terms
22 and conditions therein stated.
23
24 I hereby certify that the foregoing resolution was duly
25 and regularly passed and adopted by the city council of the city
26 of Newport Beach at a regular meeting thereof held on the 2nd day
27 of ?.:ay, 1938, by the following vote, to -wit
28 AXEl�9�.i1 COUiJCILi 1 +- �0� tgjyc2�
29 �'0 �� ��yzy =►L.a
3301 NOES, COUNCILJTFN: ✓�� .,
ATT ST: ABSE 1I'
V-1
32 W
1tY ¢3erk
LAW OFFICES OF y
ROLAND THOMPSON 'tay0 - ty of Newport Beach
210 SVUROfON BUILDING`
SANTA ANA. CALIFORNIA
conditional Sales contract
THIS LEASE, made this_ 2nd .- day__nf MajL-- __-- A.D., 19-_3B_,
BMVFEN CL UT"LAST ODI PANY-.a-- t•.nTpnruti nn_ _ , the party of thr first part,
AND the Oity of -N-export - __>_,M'IyniaiP81 G.oj=0rati_0Akr1y of the second part;
WITNESSETH: The party of the second part leases and hires of the party of the first part, and the party of the first part hereby
lets and leases to the party of the second part, the following described personal property;
1 Grey 4 -53 Marine Engine,
PARTY OF THE SECOND PART agrees that he will not dispose of mid property, or take, or allow said property to be taken, out
of the County of._ Orange State of California, and to pay to mid first party for the rental,
hire and use of mid property the sum an%dr� X16. 35��1- ifQrni�salBlsllaBsR&Xf$fifafi+K
tax , F.O.B. Detroit , ae folloWe: 825C_ OOrnffi_=on the date of the execution of this [rare and
an a1loWanoe of $150.00 on one old g1otA oW in City oat, and
the balance of $1145.00 and Ball t �st re June 5th 1938
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REQOpRE90C 1$ R0CSaiAlDC9GRAIIC�iH Cfi�[7�(XlD�ULCC74c
IT IS EXPRESSLY AGREED, that the mid first party retains the title to all mid property, and the mid second party acquires no in-
terest in or title to mid property; the second party shall take immediate possession of all of mid property, and so long as he
complies with the provisions hereof he may retain such possession. Said second party shall keep mid property in good repair and
pay all taxes and assessments levied or assessed thereon as part of the rent thereof.
X14�8]C1�7DX1�—— .4.....,.v �• �. �rr�iH�6D¢ 9CDPA9i9�t1¢ �FIR9C t1¢ J[ �4C 7Q $9�DC947CtDCAIAth�ilCDQ7GX4Q9C 33PI+StAAF
9d9k�70W] �C' Q7f6�7�C�xhiIleRoRIC 1�&.@ �i' Et1Q9Q ,K4f]113fA�A7P�1C9F911]F___— __ ____
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IF 771E PARTY of the second part fails to make any payments as herein provided, or fails to comply with the terms and con-
ditions thereof in any respect, the first party may take possession of all of mid property without legal proceedings, and all pay-
ments previously made by the second party to the first party shall be considered and apply as compensation for depreciation in value,
and for the use and rental of mid property, and as liquidated damages, and mid second party waives all right to the money so paid.
IT IS FURTHER DISTINCTLY UNDERSTOOD AND AGREED, by and between the parties hereto, that at the expiration of mid term
the second party shall return and deliver to the first party the above - described property in good order and condition.
IT IS FURTHER DISTINCTLY UNDERSTOOD AND AGREED, by and between the parties hereto, that in the event mid second party
complies with all the terms and conditions of�� this
ttlsagreement, mid second party shall then (but not otherwise), have the right to
purchase mid property for the sum of $_1.0 on thr— 51111 day of June, 1938
and said first party shall be required to transfer and sell mid property to said second party for the mid sum of
in cash, to be paid mid first party by mid second party On the mid. --.th- -day Of — ,Tune s_- -1938
IT IS FURTHER AGREED, however, that time shall be of the mence of this lease in every particular, and that un[esr all the con-
ditions of the mid foregoing from shall have been fulfilled and performed by the second party, and the mid
paid as aforesaid, then the privilege to purchase said property hereby granted, shall be waived and forfeited.
IN CASE SUIT Is brought to recover said property, or any part thereof or any part of the amount due under this agreement, said
second party agrees to pay a reasonable sum as and for arrome s fees for mid first art
uccessors �n assi nsof
THIS AGREEMENT shall bind and inure to the benefit of the ]irSr$' X&rhe parties hereto.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and scale this-- n —_.._day of
— - May -- — - - - - -• A.D., 19 -38
SOUTH COAST COMPANY
CONDITIONAL SALES CONTRACT— WOLCOTTO FORM 1010