|
<br />/-~.
<br />e.,'
<br />
<br />"-_/
<br />
<br />~-,
<br />;' ~.
<br />,9
<br />"
<br />'-- .-
<br />
<br />-- .
<br />
<br />-- -------- -
<br />
<br />ORDTIifA\oiC1'1 }1O. 359
<br />------
<br />
<br />~l a.,Wn-I.AIliCE <!~,Jt'l!rnG TEE HeU-PORT AVll\.Tlotl, INC. AI~ OptION TO E~:TEkD THE
<br />~ERE OF TEE lEASE llY .tJl.:D nET~IE~1 TEE CI'J:Y OF LA PORTE .AIm l.RTHUR J. FAND~~u:,J ~:r
<br />~l:L, LESSEES, Dl~BD l~BRUtl.RY 10TH, 1947;t ~~HICH !B.ASE BAS FER!<lTOFORcr: BE.:2j l~SJG1I.TED
<br />~~c HOU-?ORT .WIi:.TI<mJ TIre., FOR Tao ADD IT Im!A1, F..ilRIODS OF FIVE YEllRS ~il.cn.
<br />
<br />~~RJc;i!SJO on tb.~ loth day of' February, J~. D. 1947, the City Counc1.1 of the
<br />
<br />1J:~'~y of Ia l=orte, Tt'lxas, du~ passed an Ordinol1ce llo. 330, e;ronting 0. lease to
<br />
<br />t~rthur J. Hondell, J~. VI. T/a.dS'1.'Iorth, yr, 17. 1ic :r.Iillan a.nd Herman ~~righ'{j,l os L~ssee6,
<br />
<br />and the Oity 0-: I.a. i.jorte as Lessor, and by virtue of which, Lessess lee.f;ed Q. por-
<br />
<br />tion of 'bh:.t certai"l a.irfit.!'ld knovm o.s Ellington Auxiliary Landing FielCt, liTo. 2,
<br />
<br />and
<br />
<br />r.1IER.E.liS, by in.atrument dnted February 'Z7 JO 19114, the said Lesseos a.ssigned
<br />
<br />said lease to Rou-?ort Avb.ti on, Ino., a Texas Corpora.tion, and
<br />
<br />l'JFiREiIS, Hou-Port Avio.tion, Ino. has a.sked for Sln opt ion to ox~enc1 the tel"lll
<br />
<br />of said lense for '~10 (2) ~ddition~l periods of five (,) ye~rs euch;
<br />NO~'f, 'i'EEREFmE, BE IT ORDAINED BY THE 30llRD OF C0Il1bISS10NERS 0]' THE CITY
<br />
<br />OF LA PORTE, TE.XAh, TH.A1':
<br />
<br />Seo-eion 1. !'rom and after the pa.ssage of this Ordinance, ?ar~1'c.ph VII of
<br />
<br />Seotion ~'ro. 1 of OrdinD.nOe No. 330, shall be omend6d. and is hereby OLle:nded to
<br />
<br />read 0.8 i'ollmm, 'bo-wit:
<br />
<br />VII
<br />
<br />~r::sees shfl.ll ha.ve the rizht to renew' this lease fer an a.dditiono.l term of
<br />five (,) jrea.rs uton terms not mOl:"e than ten par cent. (107~) less fa.vc::-a.ble to the
<br />
<br />/-'" lessoels than the prior term. Lessees shllll ha.ve options to suoce:Jsboly reneVl
<br />:"-._~ this le:lst'l for 0. aeoond., third and fourth five-yea.r period. Each re-nevml shall
<br />be upon terms no-1;; 1l101'e than ten per oent. (lO:S'" less fa.vol"t'.ble to thfi Lessees
<br />
<br />,~,
<br />
<br />~han the preoee~.i:oe; period. Lessees eOO11 exeroise suoh options Oy gi.vine; the
<br />City written notioe of their interl.tion to renew not less than si~rby (60) da;ys
<br />prior to expiration of this lence or a.Di1 re-ne"Ia.l thereof.
<br />Section 2. From o..nCl o.fter the pnssa.ge of this Ordinanoe, Fl\ra~rl1ph VIII
<br />of Section 1 of Ordi.n.nnoe }ro. 330 sha.ll be !Wended o.nd is hereby amondod to rend
<br />a.s follou 5J to-wit:
<br />
<br />V!II
<br />
<br />~'1.-{:; the ter'Jl'Ji.."'lation of this lea.se, either by the fa.i1ure of tho Lessees to
<br />
<br />exercise their option., or llt the end of thirty years. it is undm:'stooC:. and agreed
<br />
|