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a. This lease is made subject to all of the terms al:ld conditions contained in the saidWAA license to said City. b. Lessees shall maintain the airport to conform to the Civil Ae~onautlcs Administration, hereafter called "e. A. A.", specifications and to keep said airport on the C. A. A. approved list. c. Lessees shall have the right to maintain on said field and within the limits above described, a e. A. A. certified training school, and to carryon commercial air activities such as a charte~ plant~ service for both ca~go and passengers, sightseeil~ tours, repair and maintenance Shops for aircraft; sale of aircraft, storage of aircraft, and the l'J.ke and, for carrying on these activities, it is undElr.. stood and agreed that lessees sh.ll have a right to all necessary use of all landing strips for the take-off and landing of aircraft. d. Lessees shall immediately construct an all-steel and aluminum hangar or approved design with welded frame imbedded in concrete floor, sufficient in size to house six planes of the type used in the training school; and, lessees may provide adequate space and offices, class rooms, Shops, and rest rooms in lean-tos constructed adjacent to the hangar. Lessees may increase the size of this hangar or erect additional hangars. The cost of such original hangar to be approximately the sum of.' Twenty Thousand Dollars ($20,000.00). Lessees shall cons truct a water well with storage I facilities in pressure tank and Shall renovate the ~ present structure by addition of asbestos siding on 'the outside, repair the roof and doors, install the- electric lights, refinish the interior with suitabl materials in order to make it comfortable aDd ' practicable for daily use, repla~ing all broken windows. The repairs to such present structure are estimated at approximatelY the sum of Seventy-Five Hundred Dollars, ($7,500.00). I, e. /"" 'Ill ei I / ~...........~.. /0 e.: , ...... '--. / l I I I . I, iI jJ ! NOW, TH~REFORE, the City does, by these presents, lease and demise unto the said Lessees that portion :of said airport ly- ing West of the tower and bounded on the South by Spencer Highway on the North by a runway and on the East by the road into said airport; such strip may be used by Lessees fo~ hangars, shops, class rooms, living quarters for resident students and instructorT, office building, parking space for automobiles and parking or tie-down space for aircraft not stored in hangars. This lease 18 for a period of ten (10) years from the date hereof and with the options for renewal as hereinafter prOVided, upon the followi~g terms, agreements and covenants, to-wit: e/: -2- /r-. - "- e; ',------./' ., . e ~ I.