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1982-070
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1982-070
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Last modified
3/14/2023 9:33:05 AM
Creation date
3/14/2023 9:32:48 AM
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Resolutions
Resolution Number
1982-070
Approved Date
07/21/1982
Subject
Autorizing execution of a railroad crossing for 16th Street & traffic control devices
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7. It is further mutually at;reed by and between the parties hereto <br />that as this agreement is for the term of one year, if said Road Department <br />holds over and remains in possession of the hereby licensed privileges after <br />the expiration of such term, or of any renewals thereof, this agreement shall <br />be considered as renewed, unless thirty (34) da;s' written notice of the <br />termination of the sane has been or is given by said Trustee, and shall <br />continue in effect from year to year, subject to the same terms and conditions <br />as herein contained, until terminated by said Trustee by giving thirty (30) <br />days' notice in writing; to the Road Department of his intention to terminate <br />the same as herein provided, or as provided in paragraph 8 hereof. <br />8. That this agreement is terminable (with,..t prior notice to <br />Road Department) by the Trustee or his successors, including Receivers <br />in Equity, or the assigns of the Estate, at their option, upon, the discharge <br />of the Trustee as such, or upon the discharge of any succeeding Receiver or <br />Receivers in Equity, any fixed period of time o_ any ether thing herein to <br />the contrary notwithstanding, and in the absence of such cancellation, all <br />rights of said Trustee hereunder shall inure to the benefit of his <br />successors or the assigns of the Estate. <br />9• It is further mutually understood and agreed by and between <br />the parties hereto that at the termination or the cancellation of this agree- <br />ment, for any cause, or upon termination of Road Department's use of the <br />crossing herein licensed, the Road Department shall remove, at its entire <br />cost and expense, all improvements placed by it upon the said Railway's <br />right of way and restore the ground to its original condition. <br />10. State Road Department agrees that automatic crossing protec— <br />tion consisting of flashing lights, bells and gates, shall be inotalled at <br />.� this crossing as a part of this project and that said installation shall be <br />made by the $a sway. Second Party further agneas to reimburse the Railway <br />for the total cost of said installation.' <br />
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