4 - City of Oxford

97 768--mummwounam
MINUTE BOOK No. 24, CITY OF OXFORD
481
Whereas, City is the owner of the following described real property situated
in Lafayette County, Mississippi; and
Whereas, City requested bids for lease of property, and Champion 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 Champion;
Now, therefore, for and in consideration of the mutual promises of the par-
ties, it is agreed by and between City and Champion as follows:
1. City agrees to, and does, lease unto Champion the following described
real property for a term of two years, said lease expiring on the 31st day of
December, 1971, for which Champion agrees to pay to City an annual rental in
advance as follows:
One Thousand Six Hundred Dollars ($1,600.00) on the execution of this lease and
One Thousand Six Hundred Dollars ($1,600.00) on or before January 1, 1971.
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:
A fraction of Sections 28, 29, 32, and 33, all in Township 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 bank 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 be 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 high-
way 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 degrees 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.
3. Champion is herewith given permission to sublet any part, but not all,
of the property herein leased.