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-3- <br /> <br /> 8. P~ior to acceptanen by the Purchaser: the execution of this Agree- <br />ment by the Owner shall constitute an offer to sell which shall com. timue for <br />a period of twenty (20) days from the date of such execution. Upon acceptance <br />of this Agreement by the Purchaser within said period, it sh~ll constitute a <br />valid end b~nd,.ng Agreement of Sale and Purchase. <br /> <br /> 9~ The consummation and closing of ~his A~ement_~.._ . sha3.1 be made on <br />or befo~e ninety (90) days after acceptance hereof hy the Purchaser at a ~ime <br />and place agree~ upon between the parties, <br /> <br /> 10. Physical possession of the herein described property shall be sur- <br />tempered to ghe ~urchaser on or before .................... ~ Said ~ner <br />agrees that the ~urchaser may withhold frc~ the purchase price the au~n of One <br />Thousand Dollars ($i~000,00) to ensure tha~ the proper~y will b~ vacated on <br />or before the scheduled date and be surrendered to the Purchaser in the same <br />coalition es et the time of the execution of this Agreement, whereupon said <br />$1,000.00 shall be immediately paid to Owner. iu the eva~t Owner fails to <br />surrender physical possessiou on or before said sched, uled date~ Purchaser may <br />retain from said $1~000.00 an amount covering taxes= assessments, and res. son- <br />ab~.e rental for said holdove~ period as ~,~ell as an amoun~ to cover any cost of <br />restoration necessary to put the property in the same comdition e.s it was at <br />the time of execution of this Agreement. <br /> <br /> t!, This contract shall be binding upon the (~-mar and 6~mer's heirs, <br />exe~u~rs~ a~m~nistrators~ successors and asszgns~ and shall inure to the <br />benefit of the Purchaser~ its successors ~nd assigns. <br /> <br /> iN ~IINESS WHEREOF the parties hereunto have set their hands, the <br />0w~er an the ..... day of , 1967; and the Purchaser, <br />by the DirectOr of Highways-c~Z-his duly authorized representative~ its agent, <br />on ~he ......... day of ..... ~ ~ -- ~ 1967. <br /> <br /> Section 3. That this Ordinance is h~r~bM ~ec!ared to be ~:n emergency <br />me-~e for ~ke reasons state~ in the pre~ble hereof and providing it receives <br />the affirmative vote of two-thirds of all members elected to Councii~ it shall <br />take effect and he in force immediately upon its adoption end approval hy <br />the Mayor· <br /> <br />Charles S. Huffman, Jr. <br /> Fresident <br /> <br />A~,pz~ed: ~_Ja__qui__ary' 6, 196,7 <br /> <br />Grace R~eyqol ds __ <br /> Clerk <br /> <br />Robert M~ Lawther <br /> Mayor <br /> <br /> <br />