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<br />• <br />during the term of this Contract, as and when collected. All <br />compensation above provided for shall become the property of the <br />Second Party at the time of payment of taxes, penalty and interest <br />is made to the Tax Collector of First Party. First Party hereby <br />agrees to pay over said funds monthly by check to Second Party. <br />VII. <br />Unless otherwise specified below, this contract shall be <br />effective from November 15, 1982 through November 15, 1984, and <br />where permitted by law, shall be extended automatically at each <br />termination date for an additional one-year period, provided, <br />however, the contract may be ended if written notice is given by <br />• either party at least Thirty (30) da s rior to the next u comin <br />Y P p g <br />termination date. After termination, Second Party shall have an <br />additional period of Nine (9) months, plus necessary time for any <br />appeals, to complete collection of delinquent tax accounts pr- <br />eviously certified. In consideration of the terms and compensa- <br />tion herein stated, Second Party hereby accepts said employment <br />and undertakes the performance of this contract as above written. <br />VIII. <br />This contract is executed on behalf of First Party by the <br />-~ presiding officers of its governing body, who are authorized to <br />execute this instrument by order heretofore passed and recorded <br />in their minutes. <br />• <br />WITNESS the signature of all parties hereto, in duplicate <br />originals, this the day of , 1982, at <br />La Porte, Harris County, Texas. <br />CITY OF LA PORTE, TEXAS <br />. BY: <br />Mayor <br />G <br />-3- <br />