1915 RES CITY COUNCIL IS DESIROUS OF ENCOURAGING AERONAUTICAL ACTIVIITES AT MUNICIPAL AIRPORT

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discrepancy, and in the event such default, failure or refusal is not corrected within said thirty day period a second notice in writing by certified mail, affording a hearing before the Airport Advisory Board on a day certain, shall be given to Lessee by Lessor's Airport Manager. After affording Lessee such hearing the Airport Advisory Board shall recommend to the City Council that the lease continue or be terminated, and thereafter the City Council shall take such action as it deems necessary. 18. That the City may at its option terminate this lease as to the entire hangar building, or any part thereof, which may be necessary, in the event the City desires to use the property, or any portion thereof, for necessary municipal functions, such as extension of runways or erection of other airport facilities. In the event of either of the above contingencies the City shall give the Lessee ninety (90) days notice in writing of its intention to utilize the build- ing or any part thereof. In the event this option is exercised by the City, all rental payments collected under this lease shall be refunded to Lessee, and Lessee shall be paid his costs of any improvements authorized by the City of Paris and matle to said building. 19. In the event Lessee shall keep each and every agreement contained herein and do and perform all the obligations required of Lessee hereunder during the term of this lease, an option is hereby given and granted to Lessee to renew and extend this lease for an additional period of five (5) years from and after the expiration of this agreement at a rental rate to be negotiated at that time, and in the event Lessee shall keep each and every agreement contained herein and do and perform all of the obligations required of Lessee hereunder during the term of this lease and exercise his option for an additional five year period and keeps each and every agreement