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<br />fl <br />-~ <br />----. .-- <br /> <br />STATE OF TEXAS <br /> <br />s <br />s <br /> <br />WARRANTY DEED <br /> <br />COUNTY OF LAMAR <br /> <br />KNOW ALL MEN BY THESE PRESENTS that PARIS JUNIOR <br />COLLEGE, acting by and through the President of its Board of <br />Regents, duly authorized, for and in consideration of the sum <br />of TEN AND NO/lOO ($10.00) DOLLARS, to it in hand paid by <br />CITY OF PARIS, the receipt and sufficiency of which are <br />hereby acknowledged, has Granted, Sold and Conveyed and by <br />these presents do Grant, Sell and Convey unto the said <br />CITY OF PARIS, <br />of the County of Lamar, State of Texas, subject to the <br />conditions hereinafter stated, all that certain tract or <br />parcel of land situated in Lamar County, Texas, described as <br />follows, to-wit: <br /> <br />Situated within the Corporate limits <br />Paris, County of Lamar, and State of Texas, <br />George W. Cox Survey #164, and being a part <br />land now owned by Paris Junior College. <br />Beginning at the intersection of the North Boundary line <br />of Farm Road 1507 and the East Boundary line of South <br />Collegiate Street; <br />THENCE South 840 39' East along the North Boundary line <br />22.5 feet to a point for corner at Highway Station #94+26; <br />THENCE along the East Boundary line of said Farm Road <br />1507 as follows: South 50 12' East 243 feet; South 170 11' <br />East 60 feet to an iron pin (s) for corner; <br />THENCE East a distance of 743 feet to an iron pin (5) <br />for corner; <br />THENCE North a distance of 800 feet to an iron pin (5) <br />for corner; <br />THENCE West a distance of 915 feet to an iron pin (5) <br /> <br />of the City of <br />a part of the <br />of a tract of <br /> <br />for corner; <br />THENCE <br />Collegiate <br />South 170 <br />containing <br /> <br />along the East Boundary line of said S. <br />Drive as follows: South 90 46' East 328.4 feet; <br />II' East 183.1 feet to the place of beginning and <br />15.248 acres of land. <br /> <br />SUBJECT TO: <br /> <br />1. If the City of Paris or its Lessors have not commenced <br />the construction of a Convention Center on said property by <br />January1, 1995, and completed the same by July 1, 1996, the <br />property shall revert to Paris Junior College, the grantor, <br />at no cost ~o the grantor. <br /> <br />2. After completion of the Convention Center, if at anytime <br />the property ceases to be used as a Convention Center, the <br /> <br />EXHIBIT 8 <br />