|
: 385
<br />LEASE AND AG[tEEVIENT
<br />STATE OF TEXAS 0
<br />KNOW ALL MIEN BY THESE PRESENTS:
<br />COUNTY OF U MAR 0
<br />THIS LEASE AGREEMENT, made and entered into this 9th
<br />day 'of June, 1975, by and between the CITY OF PARIS, Paris, Texas,
<br />a municipal corporation, hereinafter called LESSOR, and KENI'�;ETII
<br />GIFFORD, of Lamar County, Texas, hereinafter called LESSEE,
<br />WITNE SSE TH: —
<br />For the term and consideration, and upon the terms, specifi-
<br />cations and conditions herein prescribed and specified,. LESSOR does
<br />hereby let and lease to LESSEE, KENNETH GIFFORD.,* all that portion
<br />of Culbertson Park, a- recreation area owned. by said CITY OF PAINS,
<br />bounded on the Forth by Neathery Street, bounded on the East by 17th
<br />Street, S. E. , bounded. on the -South by East Hearon Street, and bounced
<br />on the West by a fence running due North and South from Neathery
<br />Street to East Hearon Street, which fence is located on the West Side
<br />of the miniature golf course now existing on the area involved, being
<br />the area now under fence on the extreme East portica of Culbertson
<br />Park.
<br />The term of this lease shall be for a period of three (3) years
<br />from and after November 1, 1974, that is from November 1, 1974
<br />through October 31, 1977, at which time and on which date the same
<br />shall terminate, unless sooner terminated as herein specified and
<br />provided, during which term LESSEE may and shall occupy the same
<br />and use the same as an amusement and recreation center, and for
<br />no other purpose, on consideration of and for which, LESSEE,
<br />KENNETH GIFFORD, contracts, agrees and obligates himself, his
<br />heirs and assigns, that he will pay and deliver over to the City
<br />Clerk of the City of Paris, monthly, on the 1st day of each month
<br />hereafter, during the term of said lease, a certified statement of
<br />the gross receipts accruing to and from the operation of the amuse-
<br />ment center and each facility thereof for the immediately preceding
<br />month, therewith paying and delivering to the City of Paris as rental .
<br />or lease money a sum equal to ten per cent (10 j) of said gross re-
<br />ceipts, income from the operation of the miniature golf course, or
<br />any other amusement placed on and used in the aforesaid property.
<br />In consideration whereof, LESSOR and LESSEE mutually- agree
<br />as follows:
<br />(1) That LESSOR let and lease to LESSEE the above de-
<br />scribed prop --r. ty and premises at the rental and for the terra anil
<br />consideration hereinabove set out, and upon the covenants and con -
<br />ditions herein specified.
<br />(2) If LESSEE shall at any time abandon such leased property
<br />and premises, or shall by any means evidence_ his desire or intention
<br />to c case to operate thereat and thereon an amusement and recreation
<br />' :�,. at its o t-ion c anc. 1 this Ie �� b , ctio
<br />c:.nic.r, thin L.,l•?SS01.� :? � � r , � :_. �? ,._. . n of
<br />1.t� 13:),-1y, shrct1d on tiT lil[[T "l1tC:i Of Si[c'ST
<br />v.- i,![out Habili[v to LE'SS1 1-;, his hairs or assigns, Ind is st,_i. ovcw
<br />J
<br />1.1;SSOR st[ail he entitled to and may disposc, pis it MLly ; ee tit, of
<br />any and all hnprovements or egtupnzcnt located. thereon-
<br />EXHIBIT A
<br />
|