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<br />-.: <br /> <br />. <br /> <br />e <br /> <br />THE STATE OF TEXAS <br />COUNTY OF HARRIS <br /> <br />I <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />This agreement of leasel made this 1st day of JanuarYI <br />19661 by and between the CITY OF' LA PORTEI a municipal corporationl <br />Harris County I Texasl hereinafter called LESSORI and BOU-PORT <br />AVIATIONI INC.I a Texas corporationl acting herein by its duly <br />authorized officer'sl hereinafter called LESSEEI <br /> <br />WIT N E SSE T H: <br /> <br />WHEREAS1 LESSOR and LESSEE entered into that certain <br />agreement of leasel dated the lOth day of February, 1947, as <br />subsequently amended by an agreement between LESSOR and LESSEE, <br />dated the 2nd day of March, 1956; and <br />WHEREAS I LESSOR contemplates the sale of Sixty Thousand <br />Dollars ($60,000) of its Airport Revenue Bonds, which, together <br />with an additional Sixty Thousand Dollars ($60,000) in Federal <br />Airport Funds, will be expended in the construction of substantial <br />and valuable improvements to the facilities of the City of La Porte <br />Municipal Airport; and <br />WHEREAS, the construction of said improvements at the <br />City of La Porte Municip~l Airport by LESSOR will greatly enhance <br />the value of LESSEErs present facilities at said Airport, and <br />.4It therefore the value of its lease with LESSOR; and <br /> <br />.. <br /> <br />WHEREAS, it is necessary for LESSOR to obtain increased <br />rental payments from LESSEE, in order to amortize its said Airport <br /> <br />Revenue Bond issue; and <br /> <br />WHEREAS I' the Parties hereto are further desirous of <br /> <br />making certain additions and amendments to said agreement of <br />leasel dated the 2nd day,of MarchI 1956; and <br />WHEREAS I the: Parties hereto deem it desirable to <br />completely re-state said original leasel together with all amend- <br />mentsl in one writing, in the interest of clarity and certainty: <br />ijOW1 THEREFOREI the Parties heretol for and in <br />'~ consideration of the premises, and the .rents, covenants and <br />agreements ,contained herein, agree as follows: <br />I <br />