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LEASE AGREEMENT <br />STATE OF TEXAS ~ <br />COUNTY OF LAMAR ~ <br />KNOW A LL MEN BY THESE PRESENTS: <br />LEASE AGREEMENT BETWEEN the CITY OF PARIS, a <br />mun.icipal corporation, acting by and through its City Manager, <br />ROBERT W. SOI<OLL, duly authorized, hereinafter referred to as <br />Lessor, and F. ANDREW FASKEN and HARLEY WAGNON, of Lamar <br />County, Texas, and LOMA A LTO CORPORA TION, a Texas Gorpora - <br />tion, hereinafter referred to as Lessees, WITNESSETH: <br />For and in consideration of the payment of annual rental of <br />$1. 00 to the CITY OF PARIS, a municipal corporation, as follows: <br />Payable on or before the lst day of August of each year, with the <br />first payment being due and payable on or before August l, 1979, <br />said CITY OF PARIS does hereby iease, rent and let unto Lessees <br />that portion of Cox F.ield property described on Exhibit A attached <br />hereto and made a part hereof for all legal purposes. <br />The term of this lease is for twenty-five (25) years, be- <br />ginning on the lst day of August, 1979 and ending on the 31st day of July, 2004. <br />IN CONSIDERATION HEREOF, it is mutually agreed by and <br />between Lessor and Lessees: <br />1. That Lessees pay to Lessor, or order, at the City Hall <br />in the City of Par.is, the agreed rental in advance, promptly and <br />without neglect, default or delay. <br />2. That this lease is subject to all the terms, provisions <br />and conditions of the deed of conveyance of 'such premises from the <br />United States of America to the City of Paris, recorded in Book 308, <br />Page 287, Deed Records of Lamar County, Texas, to which reference <br />is made for all purposes. <br />~ <br />EXHIBIT A <br />