2017-0160
INTRODUCED BY: LARRY COCHRAN, PARISH PRESIDENT
(DEPARTMENT OF LEGAL SERVICES)
ORDINANCE NO. ___________
Title
An ordinance approving the Assignment from Apache Corporation to Texas Petroleum Investment Company (TPIC), and authorizing the Parish President to sign, execute and administer any and all relevant documents.
Body
WHEREAS, by instrument dated November 9, 1994, St. Charles Parish granted an oil, gas, and mineral lease to and in favor of Apache Corporation (21.75%), containing approximately 14.75 acres, described in said lease, St. Charles Parish, Louisiana, recorded on November 14, 1994, in the records of St Charles Parish in Book 490, Page 42, Instrument No. 191024; and,
WHEREAS, by instrument dated October 1, 2014, Apache Corporation assigned the aforementioned Lease to and in favor of Texas Petroleum Investment Company (TPIC), recorded on January 14, 2015, in the records of St. Charles Parish in Book 811, Page 678, Instrument No. 402956; and,
WHEREAS, St. Charles Parish has not made an examination or determination that all of the provisions and conditions in the subject Lease have been met, and accordingly, this ordinance is not intended to, nor shall it act in any manner as a ratification of the subject Lease nor as a waiver of any right which St. Charles Parish may have, including, but not limited to prescriptive rights, or any rights against previous assignors; and,
WHEREAS, Texas Petroleum Investment Company (TPIC) requests that St. Charles Parish approve said Assignment from Apache Corporation to Texas Petroleum Investment Company (TPIC), and authorizes the Parish President to sign, execute and administer any and all relevant documents.
THE ST. CHARLES PARISH COUNCIL HEREBY ORDAINS:
SECTION I. That the Parish President is hereby authorized to sign, execute and administer any and all relevant documents to approve the Assignment from Apache Corporation to Texas Petroleum Investment Company.
SECTION II. That a certified copy of this or...
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