Providing for the Conveyance of Real Estate Corby & Niles Area

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Ws - West along the South line of Corby Street to a point Two Hundred (200) feet East of an iron stake at the Southeast corner of Corby Street and Niles Avenue, the same being the }hat line of the property formerly conveyed by George J. Hoffman and Wilhelmina Hoffman to Nina Ee Smithf thence South parallel with Niles Avenue along the East line of the "Smith tract" One Hundred Fifty (150) feet, more or less, to the North line of the tract of land now owned by the City of South Bend; thence East parallel with Corby Street and along the North Line of the tract of land owned by the City of South Bend, to a point One Hundred Twenty (120) feet West of the West line of the alley on the West side of said Cedar Heights Addition; thence North to place of beginning, provided that the appraised value of the real estate owned by the said Leo Pe Rieder shall be in an amount not lose than the appraised value of the said real estate owned by the City of South Bend, Indiana, in which event, the Mayor of the City of South Bend, Indiana, is hereby authorised, empowered and directed to convey said described real estate by deed executed by the Mayor, in the name of the -city, attested by the City Clerk, with the seal of said City affixed thereto, in exchange for the conveyance from Leo P. Rieder of his described parcel of real estate by delivery of good and sufficient warranty deed to the City of South Bend, Indiana* Section S* The City of South Bend sell, assign, transfer, convey and set —over by proper instrument in writing to any purchaser thereof the real estate hereinab4ve described, excepting the two parcels described under Section 2 afore- said, in separate parcels for not less than the full appraised value thereof, as reported by the appraisers appointed by the Judge of the Circuit Court of St* Joseph County, Indiana; and the Mar or is hereby ordered, directed and authorized to execute and deliver to such purchaser or purchasers thereof, upon the payment of the appraised value thereof, a good and sufficient deed, and this shall be 4uffieient authority to him in said premises. Section 4* That an emergency exists requiring the suspension of the rules of the Common Council, and the passage of this ordinanoee Section 5* That this ordinance shall be in full force and effect from and afterits passage by the Common ,Council and its approval by the Mayor*