RES NO 12-02-1983 12
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 02 1983
A RESOLUTION AUTHORIZING THE MAYOR OF THE CITY OF VAN BUREN,
ARKANSAS, TO EXECUTE AN OIL AND GAS LEASE.
WHEREAS, the City of Van Buren presently owns property in
Section 15, Township 9 North, Range 32 West, known as the
pump station property; and,
WHEREAS, Texas Oil and Gas Company wishes to lease said
property for $100.00 per acre and to pay the City of Van Buren an
one eighth royalty on the production; and,
WHEREAS, the Van Buren Water and Sewer Department who is
Presently using the property has recommended to the City Council
that said lease be executed.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VAN BUREN, ARKANSAS:
THAT, the Mayor of the City of Van Buren, Arkansas, is hereby
authorized to enter into the lease with Texas Oil and Gas Company for
the lease of the pump station property.
PASSED AND APPROVED this /91- day of ,Ogre del< 1983.
MAYOR
.ATTEST
ITY CLERK
Ilk