4 - City of Oxford

97768— Itcroma-now.
MINUTE BOOK No. 24, CITY OF OXFORD
Whereas, City requested bids for lease of said property, and
became the lowest and best bidder; and
Whereas, in order to carry out the obligations of the parties, it is
necessary that this lease contract be entered into by and between City and
•
Now, therefore, for and in consideration of the mutual promises of the
parties, it is agreed by and between City and ad
follows:
463
1. City agrees to, and does, lease unto the following
described real property for a term of years, said lease expiring on
the day of , 19 , for which
agrees to pay to City an annual rental in advance as follows:
2. The property herein leased and let is described as follows, although
the references are to highways and bridges as they existed on March 3, 1936:
3.
A fraction of Sections 28, 29, 32, and 33, all in Town -ship 9
South, Range 3 West, and more particularly described as
follows: Beginning at a stake, said stake being on Mississippi
Highway No. 7, and north 66 degrees thirty minutes east 1,185
feet from the point of intersection of above Mississippi Highway
No. 7 with the west boundary line of Section 32, Township
9 South, Range 3 West in Lafayette County, Mississippi. Said
stake further described as being Station No. 302 plus 85 of
State Highway Survey, as filed and recorded in the office of
the Mississippi State Highway Commission in Jackson, Mississippi;
thence north 1,240 feet to a stake on the north hank of the
old Yocona River channel, said stake being on the east bank
of roadway leading to existing bridge across Yocona River
(old channel) in a northeast direction (up channel direction)
said bank to he considered 15 feet from the low water line of
Yocona River and is intended to convey a distance to extend
to the top of said river bank, to a stake on above described
Mississippi Highway No. 7, said stake located at the north end
of the Highway bridge across the old Yocona River run, said
stake and end of bridge being Station No. 360 plus 42 as shown
on Survey of State Highway No. 7, and filed and recorded in the
office of the Mississippi Highway Commission in Jackson, Mississippi;
thence north following the survey of Mississippi Highway
No. 7 to a stake at the Station 340 plus 36, as appears on said
record, said station being point of tangency of a 3 degree curve
of said highway, thence following above described highway on
a 3 degree curve 2,228 feet to a stake, said stake being Station
318 plus 08, which point is the point of curve of a 3 degree
curve to the left as shown on State Highway Survey described
above; thence south 66 degrees and 30 minutes west 1, 523 feet
to the point of beginning. This property is the same property
conveyed to the City of Oxford, Mississippi, by Nina Elizabeth
Markette on March 3, 1936, as same appears of record in Deed
Book 108 at page 381 in the office of the Chancery Clerk of
Lafayette County, Mississippi.
but not all, of the property herein leased.
is herewith given permission to sublet any part,
4. Any and all maintenance on the property herein leased and any improve-
ments desired to be made to it shall be done at Is expense,
City declining to do any maintenance or improvements to said property or its
buildings; however, any substantial changes to the leased property, including
its buildings, which desires to make shall first be