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<br />CONTRACT <br /> <br />STATE OF TEXAS ~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />COUNTY OF LAMAR ~ <br /> <br />That the CITY OF PARIS, PARIS, TEXAS, a municipal <br />corpor a t ion, acting by and through its Mayor, duly author ized, <br />hereinafter called City, and the CHAMBER OF COMMERCE OF LAMAR <br />COUNTY, INC., a corporation, acting by and through its President, <br />duly authorized, hereinafter called Chamber, in consideration of <br />the mutual covenants, agreements, stipulations and payments, <br />hereby contract and agree as follows: <br />1. That Chamber agrees to maintain a visitors. and <br />convention council for the purpose of promoting and advertising <br />the City of Paris and in developing an annual 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 dedicating three-sevenths (3/7ths) of the total budget to <br />a convention capital improvement fund to be used for the <br />construction of a convention center, to a committee composed of <br />the Mayor of the City of Paris, one City Councilman and the City <br />Manager each year on or before April 1, and shall submit for <br />approval to said committee any proposed amendment to said program <br />of work a minimum of thirty (30) days before the proposed <br />effective date of such amendment. <br />3. That the Chamber's established visitors and convention <br />council shall meet at least quarterly and within thirty (30) days <br />after the end of each quarter, shall submit minutes of the <br />visitors and convention council meeting and a financial report to <br />