1690 RES CITY COUNCIL LEASED AREA KNOWN AS FAIR GROUNDS TO RED RIVER VALLEY EXPOSITION

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IN C0NSI1DERATI(JN HEREOF, it is mutually agreecl by and bettiveen Lessor and Lessee: (1) That Lessee wi11, at its sole cost and expense, effect repai.rs to all existing buildings and structure5 on the leased pr.e- mises, as speedily as it c1n finance same, so that same will be safe and suitable for tlle purposes for which they may be used by Lessee and wi.ll keep and maintain same in bood, safe and sanitary condition. (2) 'rhat no repairs, improvements or changes in location or otherwise, will be made to any buildings, structures or other thinbs located thereon nor will any new structures be placed on any part of the leased premises without the prior appr-oval of Lessor. (3) That Lessee, for the benefit of Lessor, will keep all buildings and other insurable improvements on the leased premi ses insured against loss by fire, 1_ightning and ali risks included in the term"extended coverage" tQ the full eYtent of their insurable value and shall pay all premiums due thereon when due. It is expressly pr. oviaed that such :insurance policy or policies shall and znust be written and issued by a reputable insurance company or c:ompanies, subject to approval by the City Attorney of the City of Paris, and Lessee or its insurance carrier or carriers shall deliver a copy of any such policies to the City Clerk of the City of Paris, or furnish to said City Clerk a current lerter or certificate f.rom such company or companies, evidencing the fact that such insurance is i.n full fo.r.ce and e.fEect at all timos durin; this lease and any exten,4on thereof. (4) That Lessee will, at its sole cost and eapense, keep a ca.r_e:taker on said premises for the purpose of preventi;lg injurq or dama~;e to the leased pr_emises axld all structures thez-con. (i) That Lessee will pay for all 1igIits, water, heat and;'or other urilities used on the leascd premi5es.