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2791
DECLARATION OF COVENANT
SOO!l56423 P~Gf327
FRANK M. ALLEY, President, and ELAINE A. PARK, secretarY,~
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of PARK INVESTMENT CO., INC., a California Corporation, hereby de- lSt80
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clare that PARK INVESTMENT CO., INC., is the owner of that certain
real property in the City of Arcadia, County of Los Angeles, State
of California, described as follows:
The east 50 feet of the north 57.5 feet of
Lot 12, Tract No. 4870, per map recorded in
Book 56, page 24, of Maps in the office of
the County Recorder of said County.
In consideration of the granting of permission to divide
portions of Lots 12 and 13, Tract 11119, per map recorded in Book
195, page 28, of Maps, and portions of Lots 12 and 13, Tract No.
4870, per map recorded in Book 56, page 24, all in the office of
the County Recorder of Los Angeles County, pursuant to the provi-
mons of Ordinance No. 860 of the City of Arcadia, PARK INVESTMENT
,
CO., INC., by and through its aforesaid officers, thereunto duly
authorized, hereby covenants and agrees, for itself, its heirs,
successors and assigns, that until Birchcroft Street is extended
and improved as a public street, and until additional contiguous
land sufficient in area to constitute a building site under appli-
cable city ordinances and approved by the City of Arcadia as pro-
vided in Ordinance No. 860, is acquired by the owner and added to
the above-described portion of Lot 12 of said Tract No. 4870, no
building shall be hereafter erected or constructed on the above-
described portion of Lot 12 of said Tract 4870, unless and until
said restriction hereinabove described is modified or removed by
the City of Arcadia.
This covenant shall inure to the benefit of and be en-
~rcible by the City of Arcadia, and may be released only by the
City of Arcadia.
~INC) 1lIIQUaTIl) If
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BOOK56423 rAGE328
IN WITNESS WHEREOF,
within declaration of covenant this
the declarants
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have executed the
day of
,/~
1958.
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, J
By
PARK INVESTMENT CO., INC.;" ,.t I'ii{., "'"
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PrEIS llent, .. " -
iJ ~ ~t\ ~J ~ ".::;
, ct.i 'I "'1"'-
Secretary
-r:~/:d)
STATE OF CALIFORNIA, ~
ss.
County of Los Angeles.
On this /1:d day of ~ ' 1958, before me, a
Notary Public in and for said founty and State, personally appeared
Frank M. Alley and Elaine A. Park, known to me to be the president
and secretary respectively of the Park Investment Co., Inc., the
corporation that executed the within instrument, and known to me to
be the persons who executed the within instrument, on behalf of the
corporation herein named, and acknowledged to me that such corpora-
tion executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and af-
fixed my official seal the day and year in this certificate first
above written.
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