Councilman Haynes introduced the following resolution: WHEREAS, the bond required of D. B. Gracy as City Treasurer of the City of Austin is at present in the sum of One Hundred Thousand Dollars ($100,000.00); and WHEREAS, the current condition of the City's funds is such that it is not necessary at this time for the City Treasurer to carry a bond in such amount, but the City Charter requires that a bond in at least the sum of Seventy-five Thousand Dollars ($75,000.00) be required of said officer, Therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AUSTIN: That it is agreed that the present bond of the City Treasurer in the sum of One Hundred Thousand Dollars ($100,000.00) may be cancelled by said officer, and he is hereby required to substitute therefor hi s bond in the sum of Seventyfive Thousand Dollars ($75,000.00). The above resolution was adopted by the following vote: Ayes, Mayor Yett, Councilmen Avery Haynes, Nolen and Searight, 5; nayes, none. A communication of S. R. Fulmore, Attorney for G. Flury, offering to buy or lease a lot owned by the City at the corner of Red River and East Eleven th Streets was read and action upon same deferred. The Council then recеввед. SPECIAL MEETING OF THE CITY COUNCIL: AUSTIN. TEXAS. July 31.1923. The Council was called to order by the Mayor. Roll call showed the following members present: Mayor Yett, Councilmen Haynes and Searight,:3 absent, Councilmen Avery and Nolen. Councilman Searight introduced the following resolution: WHEREAS, D. A. Gregg and wife, Lorene Gregg, have offered for a cash consideration of the sum of $894.27 to sell and convey to the Board of Trustees of the Austin Public Free Schools two certain tracts of land, parts of Gregg Addition, in the City of Austin, Travis County, Texas; and WHEREAS, the said Board of Trustees has signified its willingness to pay $500.00 of said consideration, and to designate and deed to the City of Austin for street purposes a certain strip out of one of said tracts of land, provided the City of Austin should pay the remaining $394.27 of said consideration; and WHEREAS, the said Board of Trustees has received from said D. A. Gregg and Lorene Gregg their deed to said two tracts of land, to which deed reference is here made for description of said land; and said Board of Trustees has tendered, for street purposes, to the City its deed, of the following tract of land: 175 176 Beginning in the S. line of Out-lot No. 6 in Division E, in the City of Austin, and 4884 feet from its S. E. corner; thence in a northerly direction in a direct line to the N. W. corner of Lot No. 10 of waid Gregg Addition, which corner is in the N. line of said Out-lot No. 6, and is at the N. E. corner of said tract No. 2, described in said deed from D.A. Gregg and Lorene Gregg; thence in a westerly direction with the N. line of said Out-lot a distance of 50 feet; thence in a southerly direction, parallel with the E. 1ine of this tract, to the S. line of said Out-lot; and thence in an easterly direction with said S. line a distance of 50 feet to the place of beginning. NOW, THEREFORE, for the purpose of carrying out said agreement and closing said transaction between the City and the said Board of Trustees and said D. A. Gregg and Lorene Gregg, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AUSTIN: That said Deed from said Board of Trustees of the Austin Public Free Schools conveying the strip of land herein above described, be and the same is hereby accepted, and the City Clerk is instructed to file same for record in the office of the County Clerk of Travis County, Texas, BE IT FURTHER RESOLVED: That the sum of $394,27 be and the same is hereby appropriated out of the General Fund for the purpose of paying to said D. A. Gregg and Lorene Gregg said sum in accordance with said agreement, and the City Clerk is instructed to issue warrant for said amount payable to said last named partied. The above resolution was adopted by the following vote: Ayes, Mayor Yett, Councilmen Avery, Haynes, Nolen and Searight, 5; nayes, none. The Council then adjourned. Jo City Ser REGULAR MEETING OF THE CITY COUNCIL: Austin, Texas. Auguet 2.1923. The Council was called to order by the Mayor. Roll call showed the following members present: Mayor Yett, Councilmen Avery, Haynes, Nolen and Searight, 5; absent, none. The reading of the Minutes of the last meetings was suspended until the next regular meeting. Councilman Nolen introduced the following resolution: WHEREAS, on June 18, 1923, W. R. Long, Jr., was fined in the Corporation Court of the City of Austin, Texas, Cause #17063, for speeding, the fine and costs amounting to Ten Dollars and Eighty Cents ($10.80), Now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AUSTIN: That for good and sufficient reasons unto the City Council shown, one-half, or Five Dollars and Forty Cents ($5.40), of said above fine and costs be and the same is hereby remitted, and BE IT FURTHER RESOLVED: That the City Clerk be and he is hereby instructed to issue warrant payable out of the General Fund of the City of Austin to said W. R. Long, Jr., for said amount of Five Dollars and Forty Cents ($5.40). The above resolution was adopted by the following vote: Ayes, Mayor Yett, Councilmen Avery, Haynes, Nolen and Searight, 5; nayes, none.