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RESOLUTION EXECUTING A DEED TO CONVEY THE PROPERTY OF THE WATER TOWER IN WARD 6
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BE IT RESOLVED by the City Council of Jonesboro, Arkansas, that the Mayor of the City of Jonesboro, Arkansas, is authorized to execute a deed attested by the City Clerk on behalf of the City of Jonesboro, Arkansas for the sum of $1,000.00 or any sum in excess thereof conveying the following described property:
All of the west one-third of Lot 38 of Pardew Addition to Nettleton, described as beginning at the Northwest corner of said Lot 38; thence east 30 feet; thence south 50 feet to the south line of said lot; thence west along the south line of said lot 30 feet to the southwest corner of said lot; thence north along the west side of said lot a distance of 50 feet to the point of beginning, in Craighead County, Arkansas.
The proceeds of said sale are to be applied on the bonded indebtedness of the town of Nettleton, Arkansas, incurred in installing and constructing a water and sewer system for said town of Nettleton; Bill Penix, the receiver appointed by the Chancery Court in proceedings by certain bound holders against the town of Nettleton, Arkansas is authorized to negotiate said sale, procure the approval of same by the Chancery Court for the Western District of Craighead County, Arkansas, and to make report to the City Council of Jonesboro, Arkansas after the sale and conveyance is effected.
PASSED and ADOPTED this 7th day of June, 1965.