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Res Oil and gas lease gift 8/30/1943RESOLUTION What., whereas., on August 25, A. D.: l 43, Mr. J. J. Perkins and wife Mrs. Lois Perkins, residents of the City of Wichita Falls, transmitted to.the !Mayor and Board of Aldermen of the City of T`dichita Falls, an assignment as a gift, covering thirty per cent (30 %) of three - fourths (3A) of seven eighths (7/0) of all the oil and gas which may be produced from two tracts of land described in said assignment which is recorded in Volume 276 at page 408 of the Deed Records of Gregg County, Texas, to become effective from and after seven o'clock A.M., on September let, 1943 and to remain in effect until the of1.and gas so produced aggregated in market value when produced the ruin of 660'000.00; after which the City of Wichita Falls shad, have no further:right9 tit! y'or, inter es `in said properties 'and the same shall re- vert to and reinvest in the Grantors of said properties' and Whsreas'`.in. the letter of transmittal the Donors suggested that as and when the proceeds are received under the assignment of said oil and gas lease, that the sam.e.be deposited in a special ;account. for the purpose of building and furnishing an Isolation Ward or Building as an addition to Wichita General. Hospital. of Wichita .Fa1.ls , Tess. 5a� d addition to be owned jointly by the City of Wichita Falls and Wicbita County, Texas. And that such funds should be used for the sole and only purpose of building and furnishing an Isolation Ward Building. Ands that such building should not be erected until such.time as building costs are near normal to insure that a reasonable value may be secured by the expenditure of the money so received., andq, Whereas, the said Donors have discussed with Ray C; Arnhold, a local architects the construction of said Isolation Ward and have recommended that he be employed by the City and County when said building is constructed. I OWP THMta0HE, BE IT RESOLVED BY THE BOARD OF ALDIRM OF THE CITY OF WICHITA FALLS: SECTION 1 That said assignment be and the same is hereby accepted as a gift from the Donors subject to all the terms and provisions contained in a letter dated August 25, 1913 addressed to the Mayor and City Council of the City of Wichita Falls and signed by Lois & J. J. Perkins, and a letter dated.August 263 1943 addressed to Mr. J. A. Giddings, Business Manager, of the City of ,Wichita Falls,. Twcas, and signed by J. J. Perkins, and all the terms and.provisions of the assignment of said oil and gas lease executed by J. J. Perkins on August 26, A.D., 1.943 and rac©rded in Volume 276, at page 408 of the Deed Records of Gregg County, Teacas, and being a convoyance for the sum.of $60,000.00 to be received'; from the sale of oil and gas produced from said lease ifs ass and when., proms duced and not otherwise. SECTION II That the said Ray C. Arnhold of Wichita Falls, Texas, be and he is hereby designated and appointed as the architect to prepare the plans and specifi- cations and supervise construction of said Isolation ward if and when the -::same is constructed from the funds received from Mr. J. J.. Perkins and wife .Ldis Perkins. PA55 1 AND APPAOVED THIS ITHE "._...._._ DAY OF AUGUST: A.D., 1943. MAYOR ATTEST ER z