~'t11~
COURT CONVENED IN SPECIAL SESSION OCTOBER 15, 1971 at 9;45 o'clock A.M., with
the following officers present:
Julius R. Neunhoffer ^.ounty Judge
W. C. Schwethelm Commissioner Precinct No. 1
Roger Stone ^,ommissioner Precinct No. 4
and the Court having duly opened, the following proceedings were had:
N0. 11456 ORDER AMENDING ORDER N0. 11,447 RELATIVE TO INVESTMENT OF SURPLUS FUNDS OUT
OF HIGHWAY 16 RIGHT-OF-WAY FUND
On this the 15th day of October, 1971, came on to be heard and considered by the
Court the matter of amending Order No. 11,447 as entered by the Court on the 12th day of
October, 1971, which order authorized the investment of surplus funds in the Highway 16
Right of Way Fund in U. 5, Treasury Bills; and
It appearing to the Court that the Chas. Schreiner Bank will pay a higher rate of
interest on a Certificate of Deposit than the U. S. Treasury Bills proposed to be purchased
would currently yield and that such Certificate of Deposit would be protected by Kerr County's
ourrent Depository Pledge Contract covering funds of Kerr County on deposit with the Chas.
Schreiner Bank, it is ordered on motion by Commissioner Schwethelm, seconded by Commission-
er Stone and unanimously approved by the Court that Order No. 11,447 as entered on the 12th
day of October to be amended so as to provide that the sum of $40,000.00 out of the Highway
16 Right oŁ Way Fund be invested in a Certificate of Deposit (Time Deposit) with the Chas.
Schreiner Bank at an interest yeild of 5~ per annum, and that said Certificate of Deposit
shall be for a period ending June 1, 1y72;
And it is further ordered that the County Judge be authorized to sign any necessary
matters relative hereto and that the Clerk and the Treasurer be authorized to draw a proper /
voucher in the amount of $40,000.00 on the Highway 16 Right-of-Way Fund to effect the afore- ~!~
said investment with the Chas. Schreiner Bank. "~~
o-o-o-o-o-o-o-o-o-o
COURT ADJOURNED OCTOBER 15, 1971 at 9:50 o'clock A.M.
o-o-o-o-o-o-o-o-o-o
The foregoing minutes from pages 257 thru 262 were read in open Court and found
correct and are hereby appr~ojved this 8th day of November 1971.
ATTEST ~/.~'Y~i~-yl~o~ /'/.',~./ - ~
oun y Clerk, Kerr oun y~ C un y Judge, Kerr Cou , exas
o-o-o-o-o-o-o-o-o-
Re: Order No. 1144 - Page 258
Texas Highway Department
Form D-15-38
Page 1 of 5
Rev. 10-64
CONTRACTUAL AGREEMENT
FOR
RIGHT OF WAY PROCUREMENT
(COUNTY FORM)
STATE OF TEXAS ~ COUNTY Kerr
PROJECT 8015-1-30
COUNTY OF TRAVIS ~ HIGHWAY State 16
This agreement entered into this 29th day of October, 1971, by and between the State of
Texas, acting by and through the Texas Highway Department, hereinafter called the State,
and Kerr County, Texas, acting by and through its duly authorized official under Commission-
ers Court Order dated 12th day of October, 1971, hereinafter called the County.
WHEREAS, the State has deemed it necessary to make certain highway improvements on State
Highway No. 16 from F. M. 689, South of Kerrville, South to intersection with F. DY. 1273,
and which section of highway improvements will necessitate the acquisition of certain right