Section 2. Property description.
The property to be conveyed pursuant to section 1 is the following tract of land situate in the Borough of Olyphant, Lackawanna County, Pennsylvania, bounded and described as follows:
Beginning at an iron pin corner on the southwesterly right- of-way line of State Route 0347, said corner being the common corner of land of Pawnee Pants Manufacturing Company and land of Pennsylvania Department of Transportation; thence along the division line of said land south 48 degrees 30 minutes west a distance of 140 feet to an iron pin corner; thence south 87 degrees 19 minutes 36 seconds west a distance of 4.91 feet to a corner of a two-story block warehouse; thence along said warehouse south 54 degrees 40 minutes 8 seconds west a distance of 25.09 feet to a point; thence along said warehouse south 46 degrees 8 minutes 21 seconds west a distance of 61.27 feet to a corner; thence along the back of said warehouse north 41 degrees 42 minutes 23 seconds west a distance of 30.21 feet to an iron pin corner on the southerly bank of the Lackawanna River; thence along the bank of said river north 33 degrees 31 minutes 47 seconds east a distance of 89.68 feet to a wood stake corner; thence along bank of said river north 50 degrees 4 minutes 38 seconds east a distance of 114.03 feet to a drill hole; thence south 39 degrees 37 minutes 51 seconds east a distance of 8.69 feet to an iron pin; thence north 66 degrees 34 minutes 2 seconds east a distance of 31.61 feet to an iron pin corner on the southwesterly right-of-way line of State Route 0347; thence along said right-of-way line south 41 degrees east a distance of 35 feet to an iron pin corner, the place of beginning.
Containing 10,963 square feet, more or less.