1964-02-14 Special Meeting - Laserfiche WebLink

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. . 156. BEG/NN/NG at a point on the East boundary line of the Texas Atr National Guard property and the North right-of-way line of Spencer Highway; THENCE, North 0° 27' East, a distance of approximately three hundred ninety-five (395) feet to a point which is two hundred (200) feet South of the South line of the West-East runway; THENCE, in an Easterly direction slong an imaginary ltne parallel to, and two hundred (200) feet from the South ltne of said runway, to the point where said imaginary line intersects with an imaginary line runntng in a Southeast-Northwesterly direction three hundred (300) feet from, and parallel to, the center line of the Northwest-Southeast runway; THENCE, along said latter imaginary line parallel to, and three hundred (300) feet distant from, the center line of the satd Northwest-Southeast runway, to a point where the same intersects the West line of the out-fall ditch, at a point which is approximately twenty-seven (27) feet North of the South line of said Airport; THENCE, in a Southerly direction along the West Cine of said out-fall ditch to the South Line of said Airport; THENCE, in a Westerly direction along the North line of Soencer Highway and the South line of said Airport a distance of approximately 965 feet to THE PLACE OF BEGINNING, upon the following terms, conditions and agreements hereinafter conatined: /. The term of this lease is from the date of thts instrument and ending on the same day of July, A. D. 9997. //. As rent for the use and occupancy of the leased premises, Lessee hereby agrees; binds and obligates itself to pay unto the City the sum of TEN AND NO/900 DOLLARS (~ 90.00) and other valuable con- sideration; and, the sum of One Thousand Dollars (,~ 9,000.00) shall be paid annually, in advance, for the years 9966, 9967, 9969 and 9970, beginning to July of each of such years, such annual installments to become due and payable on or before the same day in the month of July of such years as this lease is dated;