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<br />the LESSOR shall give the LESSEE ninety (90) days notice, in writing, of its intention to so <br /> <br />utilize the tract, or any portion thereof, for the above specified purposes. In the event of either <br /> <br />of the above contingencies, the LESSOR shall have the option pursuant to Paragraph 8 of this <br /> <br />lease to satisfy its obligation of compensation to LESSEE. <br /> <br />17. The terms of this lease are binding on and the benefits herein inure to the heirs, <br /> <br />administrators and executors of LESSEE. <br /> <br />EXECUTED ON the dates shown in acknowledgements below. <br /> <br />CITY OF PARIS, LESSOR: <br /> <br />BY: <br /> <br />MICHAEL E. MALONE <br />City Manager <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />T. K. Haynes, City Attorney <br /> <br />LESSEE: <br /> <br />LAWRENCE C. RUNKE <br /> <br />STATE OF TEXAS } <br />} <br />COUNTY OF LAMAR } <br /> <br />BEFORE ME, the undersigned authority, on this day personally appeared MICHAEL <br />E. MALONE, City Manager of the City of Paris, known to me to be the person whose name <br />is subscribed to the foregoing instrument, and acknowledged to me that he executed the same <br />for the purposes and consideration therein expressed, and in the capacity therein stated. <br />