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RES NO 05-04-1996 CITY OF VAN BUREN, ARKANSAS 0 RESOLUTION NO. 5/ 1996 A RESOLUTION AUTHORIZING AN OIL AND GAS LEASE ON PROPERTY OWNED BY THE CITY OF VAN BUREN, ARKANSAS. WHEREAS, Thomas C. Mueller Company of Fort Smith, Arkansas desires to enter into an Oil and Gas Lease with the City of Van Buren, for property owned by the City of Van Buren, described in the attached Exhibit, which is made a part of this Resolution; and, WHEREAS, Under authority of A.C.A., Section 14 -54 -302, the City has the authority to enter into such a Lease. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: That the City Council hereby authorizes the lease of the said described city property to Thomas C. Mueller Company and authorizes the Mayor and City Clerk to execute an Oil and Gas Lease with them for the consideration contained therein. PASSED AND APPROVED THIS 20TH DAY OF MAY 1996. MAYOR ATTESTED: A CIT CLERK- TREASURER SNC'[ION 18, TOWNSHIP 9 NORTH 31 WEST t'RACI 1: "1 'he tractional SW /4 SW /4, 52 acres more or less; and, TRACT 2: Part of the SE /4 NW /4 described as beginning at the SW /C SE /4 NW /4, thence run North along the West line of said forty, said line being the approximate centerline of Oliver Springs Road, 195' to a point; thence East 450', South 195' to a point on the South line of the SE /4 NW /4; West along the South line, said line being the centerline of Pointer Trail, 450' to the point of beginning, 2.01 acres more or Tess SECTION 19, TOWNSHIP 9 NORTH 31 WEST TRACT 1: Part of the fractional NW /4 NW /4 desccribed as beginning at the NE /C of said fractional NW /4 NW /4, thence West 1707.5'; thence South 815'; thence East 709' to the east side of North Thirteenth Street (formerly Helen Gould Avenue in Dunlap Addition) thence South 502.2', thence past 998.5'; thence North 1317.2' to the place of beginning, 43.46 acres more or less '1'RACT 2: The NE /4 NW /4 execpt 1.5 acres described as beginning in the SE/C NE /4 NW /4; thence North 314.5', West 209', Sotith 104.5', West 1', South 210' to the South line of the NE /4 NW /4, East 210' to the point of beginning, 38.5 acres more or less 'TRACT 3: Part of the SW /4 NE /4 beginning 23 rods and 12' East of the SW /C SW /4 NE /4; North 100'; East 61.5'; South 100'; West 61.5' to point of beginning, 0.14 acres more or less TRACT 4: Part of the SE /4 NW /4 described as beginning at the NE /C SE /4 NW /4, thence West 25' to the west right -of -way of North 20th Street; thence continuing West along the North line of said forty 200'; thence South 10'; East 200' to the West right -of -way line of North 20th Street, Mirth to the place of beginning, 0.11 acres more or less TRACT 5: Part of the NE /4 NW /4 described as beginning at the SE /C NE /4 NW /4; thence West 25' to the West right -of -way line of North 20th Street, thence continuing West along the South line Of said forty 185', North 40', East 185' to the West right -of -way line of North 20th Street, thence South 40' to the point of beginning, 0.17 acres more or less