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/1l117TT A 11T <br />STATE OF TEXAS § <br />KNOW ALL MEN BY THESE PRESENTS: <br />COU14TY OF LAMAR § <br />That the CITY OF PARIS, PARIS, TEXAS, a municipal <br />corporation, acting by and through its Mayor, duly author- <br />ized, hereinafter called City, and the CHAMBER OF COMMERCE <br />OF LAMAR COUNTY, INC., a corporation, acting by and through <br />its President, duly authorized, hereinafter called Chamber, <br />in consideration of the mutual covenants, agreements, <br />stipulations and payments, hereby contract and agree as <br />follows: <br />1. That Chamber agrees to maintain a visitors and <br />convention council for the purpose of promoting and ad- <br />vertising the City of Paris and in developing an annual <br />program of work. <br />2. That Chamber shall submit for approval a proposed <br />annual program of work and budget for the same which shall <br />include four payments annually, being $6,250.00 each and <br />payable on the fifteenth day of October, January, April and <br />July, respectively for a total annual payments of $25,000.00 <br />and such payments shall be made for the fiscal years <br />beginning October 1, 1984, 1985 and 1986, such payments to <br />be paid to Chamber as part of the total purchase price of <br />$100,000.00, $25,000.00 of which Chamber acknowledged <br />receipt of for a three - tenths (3/10) undivided interest <br />conveyed to City of Paris in the property located at 1651 <br />Clarksville Street, Paris, Lamar County, Texas, and a <br />contribution to Chamber in an amount which has been <br />determined to be that portion of the Chamber effort <br />dedicated to the purposes permitted under Section 28 -12 of <br />the Code of Ordinances of the City of Paris to a committee <br />composed of the Mayor of the City of Paris, one City <br />