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Res 449 4/10/1961RESOLUTION NO . 4.4.9 BE IT RESOLVED by the Board of Aldermen of the City of Wichita Falls, Texas : THAT, WHEREAS; the City of Wichita Falls owns certain lands , together with the mineral rights thereunder, adjacent to Lake Kickapoo, in Archer County, Texas ; and, WHEREAS, it would be to the advantage of the City of Wichita Falls to execute an oil and gas lease on a portion of such lands , containing some 4.8 . 63 acres, more or less : NOW, THEREFORE, BE IT RESOLVED by the Board of Aldermen of the City of Wichita Falls, Texas, in compliance with Article No. 54.21p of the Revised Civil Statutes of Texas , as amended, that the City Clerk publish the following notice in the official news- paper of this city, for three consecutive weeks, and that on the 8th day of May, 1961, bids be opened for the sale of such oil and gas leasehold interest of the lands described therein: NOTICE is hereby given that the City of Wichita Falls will offer to the highest bidder, for cash, a one year term lease providing for a one-eighth (1/8th) roy- alty on the following described lands situated in Archer County, Texas , to wit: BEGINNING at a point on the West boundary line of Block No. One Hundred Twelve (112) and the East boundary line of Block One Hundred Eleven (111) of ATNCL Sub- division 3527.56 feet North of the most Westerly North- west corner of Robert Carson Survey No. 154 , Abstract No. 80; THENCE West 1100 feet to a point; THENCE South 980 feet to a point; THENCE South 34.° 301 East 1290.77 feet to a point; THENCE North 55° 301 East 1006 feet to a point; THENCE North 34° 301 West 950 feet to a point; THENCE North 608 feet, to the place of beginning; containing 4.8 . 63 acres, more or less . that interested bidders may bid therefor by filing their bid setting out the bonus they are willing to pay for such 1 - r oil and gas lease with the City Clerk of Wichita Falls, Texas, on or before Twelve Noon of May 8, 1961. That such bids shall be opened by the Board of Aldermen of the City of Wichita Falls , at its next regular meeting after such date. That the said lease shall be for a term of one year and shall convey the oil and gas rights to a depth of two thousand (2, 000) feet only on the property and that adequate provision therein shall be made for the disposal of salt water, if any is produced from said lease . The said lease shall further provide that the lessee shall hold the City harmless from any claims for damages, for flood damages, and shall further provide the restrictions on drilling within said tract of land. The City reserves the right to re, ect any and all bids . CITY OF JICHITA FALLS ATTEST: By 4.1 1 r :_.,` ,y 'anager A. L. Fitts, City Clerk" That such bids shall be opened at the next regular meeting of the Board of Aldermen of said City and the successful bidder; if any shall have fifteen days thereafter in which to perfect his said lease; the City to furnish such abstract as it has on the property. PASSED AND APPROVED this /0 day of 1961. ATTEST: fir',,. , 'ayor •ro an A. L F3tts CTf r Clerk