§ 12.  


Latest version.
  • This ordinance shall not take effect and be in force until the expiration of sixty (60) days from and after its passage and, further, until both of the following events occur:

    (a) Phillips Petroleum Company shall execute and deliver or cause to be delivered to the City Comptroller within thirty (30) days after the expiration of said sixty-day period a written consent to the termination of the said three leases now outstanding and in effect to the real estate described in this ordinance. Such consent to termination shall be in writing, executed by Phillips Petroleum Company and filed in the office of the City Comptroller.

    (b) The Company shall file with the City its acceptance of this ordinance within thirty (30) days after the expiration of said sixty-day period. Such acceptance shall be in writing, executed by the Company and filed in the office of the City Comptroller.