O-1967-772 - Laserfiche WebLink

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. e . . - . -4- IV. This lease is for the non-exclusive use of the La Porte Municipal Airport by LESSEE, such non-exclusive use to be in common with other authorized users thereof. LESSEE shall have full and unrestricted access to and ~gress from the demised premises and the said Airport, and between the premises and the Airport, for LESSEE, aircraft operated by LESSEE, its employees, passe~gers" guests"patrons, invitees, suppliers of materials, and furnishers of service, its or their equipment, vehicles, machinery and other property, without cha~ge to or on said employees,passengers,. guests, patrons, invitees, suppliers of materials and furnishers of service, or their said equipment, vehicles, machinery, or other property, and without charge to LESSEE, except as in this instrument expressly provided for. V. LESSEE shall have the right to maintain on said field and within the limits above described, an F.A.A. certified train- ing school,and to carryon commercial air activities such as a charter plane service for both ca~go and passengers, sight-seeing tours, repair and maintenance shops for aircraft, sale of air- craft, stor~ge of aircraft, and the like; and, for carryi~g on these activities, it is understood and ~greed that LESSEE shall have a right to all necessary use of all landi~g strips for the take-off and landi~g of aircraft. VI. The term of this lease is for a period of twenty (20) years, beginni~g on the first day of July, 1967, and ending on the 30th day of June, 1987 (provided, however, that LESSOR does give and grant to LESSEE the option to renew its lease on said premises for an additional term of five (5) years from and after the 30th day of yune, 1987, at an annual rental as hereinafter provided; LESSEE' shall also have the option to renew said lease for a second five-year period ~ommencing on the 1st day of July,