HomeMy WebLinkAboutOrdinances Book 10, Page 1154, No Resolution Number1154
A RESOLUTION A:'PROVETC 7.,:E PROVISIOYM OF A COiP'R.aC'P 7'C
H3 E::TMED INTO BET IRI Eiv THE r:=..D'UCA:: AIRPORT CORi'ORATi01I .l:,D IME
STA2IDARD OIL COLPAi 1 i;ILATEIG TO L uLLLI:IG, DISTRIEU.' ,:% ! ;D
DEALI::^ I:I ?iTROLEU1E PRODUCTS 0:: 'i ? AIR 'I iLD OY IIE i'a�J All-
C•^UNPY AIPPO RT
WHE READ, the 1'aducah airport Corporatlon has submitted to
the --card of Comniruioners for a^nroval a ^3ontract r.hich is in
,.,lords and fimures as follows, to -wit.
" WIS COi1TRACT, mo.de and chtered into this day of
F.arch, 1945, by and between Pr^.DbC:,;i aIRPORT CORPORATIOI•i OF
Paducah, Kentucky, hereinafter called "airport", and d'PAMARD
OIL COMPAiY, a corporation authorized and existing under and
by virtue of the laws of the --tate of Kentue'_cy, hereinafte3b
called "3tandard",
WILP:E.3.;zr-I.
"(1) Airnort represent: that it in the ler,ace of
the laducah-liorroc'.con County Airport, hereinafter called
"airfield", located approximately eiLht miles rest -)f i-aducah,
Kentucky, on J.3.1iiZhway G0, with full porter and authority
to contract with -respect thereto and grant oll of the riZhts
hereinafter described.
"(2) Upon the considerations hereinafter mentioned,
Airport does now hereby Erant and accord unto Jtandard the
exclusive right, license and privileCe of sel.lin;, distributing
and dealing in petroleum products at the airfield and no other
rson, firm or corporation shall have such right, license or
privilege, and such richt, license and nrivilem ahall not be
permitted b;; -airport to be exercised on the airfield, either
directly or indirectly, by any person,.firm or corporation;
Provided, however, that It is reco,^nized that airplanes belong-
ing to the United metates and airplanes belpnf;ing to the regularly
schedulerl cormercial airlines in interstate commorce may nave
the right to supply themselves with competitive petroletua
products. Said exclusive ri.-ht, license and privileCe herein-
above -ranted to :standard shall continue until the Dth :lay
of idovember, 1954.
"(a) Standard, as advanced rental for the ri-hts
herein ranted to it, shall pay to hirport the sum of
'14, 000.00
to be used and applied by Airnort for the erection of a
hangar on said airport pronorty upon the plans and speci-
1155
fications approved by Kirport. Said sura shall be paid to
Airport in installments as required by it during the prod,res;,
of the work upon the hangar and the time for beginning the
construction work shall be determined by it. Standard ;hall
not be required to nay any part of said sum to -irport until
Airport shall have subritted to 3tendard the plann and
specifications for such hanCnr and a contract prorm•ly bonded
for the completion of --aid ha mar.
"(4) The title to said hamar shall vest in the City
of Paducah and L:cCracken County as construction pro,;reones and
Airport shall !c ep the same insured with some reputable and
financially responsible insurance company cualificd to do
business in Rentucky, against the risks of' fire, storm and
damage by aircraft and such policy of such insurance nhall be
exhibited to .standard before Stam,ard shall be required to
pay more than one-half of the sum mentioned in paraC.raph (3).
"(5) It is contemplated by standard that the ri;hts
herein granted to it Will be nasi ncd in whole or in part to
some other person, firm or corporation and that such a --s ,noo
will pay to •itandard enough money over a period of not o.:ceedinf;
ten (10) years. as will a,jortize the ar:ount advanced by •,tanda _ d
to Airport. It is recognized that this contract is being
executed simultaneIDucly with a contract by Standard and such
assignee, such assignee being the lessee or rrrantee from
Airport of the general right Lo operate rhe airfield under
contract between kirport and such assignee for a ten year
period. It is therefore underst^od and agreed that if the
contract between the -iroort and such assi4rnee shall be can-
celled or determined or if said assignee shall cease to operate
on the airfield, the Airport shall secure a new and capable
operator of the airfield to whom uhall be granted the general
right to operate such airfield upon the stipulation and con -
clition that such new operator shall asaume all of the duties
and obligations imposed by the contract hereinabove mentioned
between Standard and its assiCnee, but in no event shall
r_irport be legally liable for payment to .standard of any part
of the sum advanced by it for the construction of said hangar.
Under no circumstances shall Standard's rights or claims against
said asniFnee be deemed waived by the terms of this pararaph.
111E `,•`T--' 1,1';yI `.: HCRE0F the parties hereto have hereunto
subscribed their signatures and affixed their official corporate
seals thin day and date first above written by their duly
authorized officers for such purposes."
NOW THEREFORE, LE I.,' RESOLVED El THE i:OAH'D OF C0;.7:U,:
OF THE CITY Or PADUCAH:
SECTION 1.
That the aforesaid contract- to be entered into
between the Paducah Airport Corporation and the 3tnndard oil
Company, and all of the Lerma, conditions and arreemento
contained in said Contract be and the sack are hereby approved.
3ECT10I; 2.
This Resolution shall be in full force and effect from
and after its adoption.
or
Passed
Passed by the •-oard of Cormnisaioners, April 3, 1945
Recorded by Rudy .:tewart, City Cler'c, April 3, 1Q45.