O-1972-932 - Laserfiche WebLink

Browse Search

~ . . . . e e 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, passe~gers, guests, patrons, invitees, suppliers of materials and furnishers of service, or their said equipment, , .,". vehicles, machinery, or other property, and without cha!ge to LESSE~, except as in this instrument expressly provided for. v. LESSEE shall have the r~ght to maintain on said field and within the limits above described, an F.A.A. certified train- \ I, I ing schoo~,and to carryon commercial air activities such as a I charter plane service for both ca!go and passe~gers, s~ght-seeing tours, repair and maintenance shops for aircraft, sale of air- craft, stor~ge of aircraft, and the like;' and, for carryipg on these activities, it is understood and ~greed that LESSEE shall have a right to all necessary use of all landipg strips for the take-off and landipg,of aircraft. VI. The term of this lease is for a period, beginning on the 1st day of July, 1972, and ending on the 30th day of June, 1992 (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 June, 1992, at an annual rental as hereinafter provided; LESSEEsh~ll also haye the option to renew said lease for a second five-year period commencing on the 1st day of July, 1997. LESSEE shall exercise -5-