O-1972-932 - Laserfiche WebLink

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. '. '. . e e an arbiter, ,and such two arbiters shall select a third, and such three arbiters shall agree upon a purchase-sale price for said improvements. If LESSOR does not exercise its option to purchase said improvements, LESSEE shall have the r~ght to sell said improvements to other parties. Any expenses incident to the con- duct of such arbitration shall be borne equally by LESSEE and LESSOR. XIX. LESSOR covenants that LESSOR 'has good r~ght and lawful authority to execute this Lease, that throughout the term hereof LESSEE shall have, hold and enjoy peaceful and uninterrupted possession of all of the Premises and Airport r~ghts herein and hereby leased and, granted, subject always to the payment of the rent and the performance of the covenants, as herein provided to be paid and performed by LESSEE. XX. Notices provided for in this Lease shall be sufficient if sent by registered mail, post~ge prepaid, addressed, if to LESSOR, to the City of La Porte, Attention: Mayor, La Porte, Texas; and, if to LESSEE, to Mr. M. L. Miller, 301 S. Idaho, La Porte, Texa~ 77571, or to such other respective addresses as the Parties hereto may des~gnate in writing from time to time. XXI. This Agreement of Lease is in renewal, rearrangement, and extension, but not in extinguishment, of that certain Lease Agreement by and between the City of La Porte, LESSOR, and M. L. Miller, LESSEE, dated July l, 1967, for Tract One described above; and that certain Agreement of Lease, dated July 1, 1968, by and between the City of La Porte, LESSOR, and Gulf Central Aviation, Inc., a Texas corporation, LESSEE, as to Tract Two, described above. The said M. L. Miller joins in the execution of this l~ase, to evidence his agreement to assign all of his rights as Lessee unde~ said Agreement of Lease dated July 1, 1967, to Gulf Central Aviation, Inc. -11-