|
- / Izz-
<br />a E S 0 L U T 1 0 N
<br />---------- -
<br />,WATso'N ' ?0,8. 1M ANSJPORTAT ION COMR&N'Y' Inc.
<br />At a- meeting of t!g,' Board of Directors of Watson Bros. Trans por tati0r,
<br />of ,e.,z�j 195 4,
<br />Company, Inc. held the L-- the f!0 =Owing :Resolution on motion duly made
<br />and seconded and unanimously carr1-e(?'Ve=-111'C was adopted:
<br />WHEREAS, the qorporation has the power under its Articles Of
<br />incorporation, to own real estate and borrow money, and,
<br />MRFAS, the net assets of said corporation are several times greater
<br />than the total indebtedness of said oc)rporation.
<br />NOW Tff,,REF0FE BE IT RESOLVED, by the Board of Directors, all Of the
<br />stockholders having consented to the same, a real estate first mortgage be
<br />executted to the Ohio National Life Insurance Company of Cincinnati, Ohio, on
<br />the jbilowing described real estate, to-Wit:
<br />Part of the South Half (S2) of the Northeast Quarter (NEI) and
<br />a part of the Southeast Quarter Ma) of Section Twenty-faur
<br />(24), in Township Eleven (11), North, Range Ten (10), West Of
<br />the 6th P.M. in Hall County, Nebraska, lying North of the Union
<br />Pacific Railroad Company land, being more particularly described
<br />as follows.- Beginning at a point on the North ridit-Of-•AY line
<br />of the Union Pacific Rail-road Company, which point is 966.0 feet
<br />southwesterly from the intersection Of the East line of the South
<br />Half (SI) of the Northeast Quarter (NX4) of said Section 24, and
<br />the North right-of-way line of the Union Pacific Railroad Company,
<br />running thence southwesterly upon and along said North right-of-
<br />way line for a distance of 200.0 feet; deflecting thende right 900
<br />and running Northwesterly for a distance of 200.0 feet; deflecting thence
<br />right 900 and running Northeasterly parallel to the North rift- of-way
<br />for a dstance of 200.0 feet; deflecting
<br />line of said Railroad Compaq thence right 900 and running Southeasterly for a distance of 200.0
<br />feet, to the actual point of beginning, Hall County., NebraskA.
<br />BE IT RESCLVED, That the president and secretary be and they hereby are
<br />authorized and directed to execute said real estate first mortgage in the amount
<br />of $15,,000,60 in favor of The Ohio National Life insurance Company of Cincinnati,
<br />Ohio, said most age to be for a period of ten (10) years with interest at the be
<br />per cant Per annum payablp_ monthly until due and interest at t
<br />rate of five (5 e -0&
<br />. 8 lawful to contract per annum. on any instalment,
<br />highest rate for which it 1v�
<br />principal or interest Mich shall not have been paid when due. .; "+ it
<br />A,T-
<br />IEST
<br />Pre ident 0
<br />iden
<br />V
<br />tbe undersigned, as '�,,2 erataX7 of Watson PVxs. "Mil
<br />crx Of 41'1-:� Resolution Of thO
<br />t
<br />-If-Y, that the -Tc tinae, and corre t '-'Y
<br />abo
<br />Board of Directors-
<br />7 i
<br />
|