Gifting line to Seattle

RESOLUTION

At a regular, legal and duly called meeting of the Board of Trustees of the Highland Park and Lake Burien Railroad, held in their office in The City of Seattle on this 9th day of January 1914, there being preset the undersigned and a legal quorum of said Board, the adoption of the following resolution was duly moved and seconded and unanimously adopted;

RESOLUTION

WHEREAS, said Board of Trustees, at a meeting held on the 5th day of August, 1913, duly adopted a resolution, resolving among other things that said Board of said corporation tender and give to The City of Seattle, for the purpose of operating same as a street railway, all of the properties referred to therein, and that the same should be conveyed by proper deeds 'free and unencumbered from all judgments, claims, liens, debts, liabilities, actions and chooses in actions * * *', all of which said resolution is hereby made a part hereof by express reference thereto, and

WHEREAS, pursuant to such resolution, said Board of Trustees did thereafter tender such proffer and gift to The City of Seattle, and

WHEREAS, The City of Seattle accepted such proffer and gift by ordinance No. 31994, duly passed by the City Council on the 16th day of October, 1913, and approved by the Mayor thereof on the 16th day of October, 1913, upon the conditions and terms as stated in said resolution of August 5, 1913, being City File No. 53072 in the office of the City Comptroller of said City, and as set forth in said Ordinance No. 31994, and

WHEREAS, the stockholders of said corporation have surrendered to it practically all of the stock heretofore issued and delivered by said corporation to them and duly authorized said corporation to transfer the same on the books with full power of substitution and having expressly directed and empowered said Board of Trustees to transfer to The City of Seattle all of the properties and rights mentioned in such instrument of surrender, all of which is made a part hereof, and have also authorized said Board to do all things necessary to make such transfer and gift effectual, and

WHEREAS, money has already been subscribed and deposited in special fund in the bank to pay all outstanding credits and creditors and to liquidate all debts against said corporation, and

WHEREAS, said corporation and said Board are ready to complete said transfer and make such gift effectual; now, therefore,

BE IT RESOLVED, That the Board of Trustees of said corporation do hereby expressly direct, empower and authorize the President, or in case of his absence the Vice-President and Secretary of said Board and corporation to make, execute, acknowledge and deliver to the said City of Seattle, assignments of all franchises, of all rights of way, leases, and of all of the stock, books, papers and records now owned or in the possession of, or under the control of said corporation, and to make, execute, sign, acknowledge and deliver to said City any and all deeds necessary to convey all of the properties of said corporation to said City and any and all other papers or instruments incident to, or necessary, to make said transfer and gift fully and in all respects effectual, and to do any and all things incident or necessary in the premises.

Adopted, signed, witnessed and the corporate seal hereunto attached this 9th day of January, 1914, by the undersigned, said Board of Trustees.