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1996-124-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON FEBRUARY 12, 1996
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1996-124-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON FEBRUARY 12, 1996
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8/18/2006 4:31:54 PM
Creation date
4/5/2005 6:34:26 AM
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CITY CLERK
Doc Name
1996
Doc Type
Resolution
CITY CLERK - Date
11/11/1996
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<br />7. All property belonging to Lessee, employees, agents, invitees of Lessee, or any occupant of tbe <br />Premises shall be there at the risk of licensee or other person only, and Lessor shall not be liable <br />to damage thereto or theft or misappropriation thereof. . <br /> <br />8. Lessee will carry and keep in force, at its own expense, Comprehensive General Liability <br />insurance with companies licensed to do business in this State, in an amount not less than <br />$2,000,000 single limited personal injury and property damage; and $2.000,000 combined <br />personal injury and property damage. All policies of insurance shall be considered primary of <br />any existing, similar insurance carried hy Lessor. Lessee shall furnish Lessor with a Certificate <br />of Insurance showing Lessor as additional insured. To the maximum extent permitted by <br />insurance policies which may he owned hy Lessor or Lessee, Lessee or Lessor, for the benefit <br />of each other, waive any and all rights of suhrogation which might otherwise exist. <br /> <br />9. It is understood by licensee that in the event Lessor obtains a long-term tenant to occupy these <br />premises during the period November 15. 1996 through Januarv 15. 1996 , this Lessee <br />Agreement shall immediately hecome null and void. <br /> <br />IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed <br />by their duly authorized corporate officers. <br /> <br />LESSEE <br /> <br />LESSOR <br /> <br />CITY OF PARIS, PARIS, TEXAS <br /> <br />W AL-MART STORES, INC. <br /> <br />. <br />. <br /> <br />By: <br />Michael E. Malone, <br />City Manager <br /> <br />By: <br />Clara Will is, Asset Manager <br />
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