1794 RES CITY COUNCIL IS DESIROUS OF ENCOURAGING AERONAUTICAL ACTIVITIES AT COX FIELD

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S. That Lessee shall comply with all cond.itions and require- ments established in Department of Tr. ansportation, Federal Avi.ation Administration, Grant Agreements No. 8--48--0169-02 and No. 6-48 -0169 -03. 6. That Lessee will abide by and comply with all rules, regu- lations, ordinances and laws pertaining to the use of the airport lo- cated at Cox Field, including but not limited to the City of Paris Airport Manual and Federal Aviation Administration rules and regula- tions pertaining to Cox Field, and in addition thereto will abide by and comply with all ordinances of the City of Paris and all laws of the State of Texas governing citizens and property within the City of Paris. 7. That Lessee will use such premises for aeronautical activities for which he holds a permit issued by the City of Paris in accordance with Article II of Chapter 6 of the Code of Ordinances of the City of Paris. 8, That if in the course of using such premises for the per- mitted purposes, Lessee desires to build at his own expense a hangar - and storage building in pursuit of such uses it will be so permitted upon application for building permit, includ.ing a site plan, if the loca-- ti.on is approved by the Airport Advisory Board and such structure does not violate any of the rules or regulations of the City of Paris or the Federal Aviation Administration, and upon final termination at any time prior to the expiration of thirty--five (35) years from the date hereof, the City of Paris shall have the right to purchase said hanbar and storage building at a cost equal to 1/35th of the original cost multiplied by the number of c omplete years remaining in the total term of thirty-five (35) years. In the event that final termina- tion of said lease occLCrs at the expiration of ehirty-five years, said