Res 1278 3/7/1972RESOLUTION NO. / (2 / 1
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS :
SECTION 1. That the settlement of the suit filed on
behalf of the City in the District Court of the Northern District
of Texas, Dallas Division, against United Concrete Pipe Corporation,
Gifford-Hill-American, Inc. et al, No. CA-3-2359, Civil, as set
forth in the settlement agreement dated February 9, 1972, entered
into on behalf of the said plaintiff by its attorneys, McGinnis,
Lochridge & Kilgore, whereby the City shall receive $10, 029, is
hereby authorized, approved and ratified.
SECTION 2 . That City Manager Gerald G. Fox be and he is
hereby authorized to execute and deliver Full and Final Release approved
by special counsel, McGinnis, Lochridge & Kilgore and to cause the suit
Wipe dismissed with prejudice, each party to bear its own costs and
attorneys fees. Any such release previously signed by him is hereby
ratified.
SECTION 3. That this resolution shall take effect from
and after its passage.
PASSED AND APPROVED THIS the 7th day of March, 1972.
MAYOR ‘
ATTEST:
A-4-e7-
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City Clerk