Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-06-23
7heAirport Contract
Csee Story on Page One.)

airportS in the United states.
Eighth
Lessor agrees 70 furnish TO Lessee
at said airport water. free of cost,
and electric current for the opera
ton Of all flood lights, beacon lights,
warning lights and border lights
necessary to be used in connection
with the operation of said airport.
and Lessee will pay for all other
current for industrial purposes, or
wholesale users Of current for in
dustrial purposes. or wholesale users
Of current, and Lessor agrees to fur
nish said current to Lessee and to
install all necessary meters. electri-
cal equipment, etc. at customary
charges for users Of the same char
acter.
Ninth
Lessor agrees, binds and obligates
itself to pay all real estate taxes
and public charges upon real estate.
Of whatsoever kind or character. but
Lessee shall be required to pay all
personal property taxes TO the state
and county, but no municipal taxes
are 10 be assessed against the COM
pany.
Tenth
Lessor agrees TO furnish to Lessee
without cost all necessary munich
pal permits and licenses during the
term Of this lease, TO enable the
company TO operate the airport and
conduct any flying activities in con-
nectlon Herewith. and shall also
furnish or obtain for Lessee all nee
eSsary permits to erect buildings or
install equipment TO be constructed
or installed under. the terms of this
lease.
Twelfth
The term Of this lease shall be
10 years from the date hereof. and
Lessee shall have the option to re-
new such lease for an additional
period OF 10 years at a rental then
10 De agreed upon, and in the event
Lessor and Lessee shall be unable
70 come 70 an agreement on such
rental, then same for such addi-
tlonal period OF 10 years shall BE-
lXeu by a commission TO be COM
posed OF a representative of Lessee
one Of Lessor. and a third IN he
appointed by these two. and II st,cb
rehtal commission shall decide that
4 profit sharing rental is the most
equitable, then profits are 10 be
computed after Lessee shall have
oeen reimbursed for improvements
MADE 70 the field. these improve
mentS 70 consist Of runwavs. drain
age n other expenditures made On
the Ileld itself. and said spur tract
IalIroau, put not to include eyDendi-
lures mace on buildings and m
keep. The rental commission baro
lhaooVe described shalI. fix the fir
value OF such improvements ~ ~
tiIne OF computation on the basis
OF ~ years depreciation and in Iie,,
OF u olrect payment BY the citv II
IelInDursing Lessor for such i'm
such ACCOMPLISHMENTS in tho anime
pIoVements, the CITY NAV obeorh
rental payments which would IL
hure 70 1t as fixed by said rental
commission.
Thirteenth
Lessee agrees to insure and kaen
insured al the insurable properties
o on or hereafter u be placed
on said municipal airport under tha
terms Of this contract. at the finn
inSuraole value thereof. and in tba
event OF the destruction ~ said
properties now on or herea fter vi
De placed on said municipal airDort
utIuer the terms Of this contract
az ne full insurable value thereof
ana IN the event Of the Destruction
q AID properties or any part there
q 70 invest the proceeds of s,,cb
poIlcy or policies in similar improvo-
tne same kind and Character ~ ~
q KIND and character nutrarIv
asIetu upon, and shall paw what
ever balance Of cost is necessary for
nc completion OF such imDrovs-
HlehtS at the same location ami ~
mems. AZ Is further provided that
Ine lapse Of time from the date of
sQcn injury 70 the date OF com
pletion OF such improvements shan
oe deducted from the term Of this
iedSe a reasonable time being piven
III Whlcn 70 reconstruct such build
lhgS and improvements.
Fourteenth
lessee shall have the RIGHT ~
transfer and assign this Lease ~
euDieJ the properties herein J
scrloed or any part thereof -
5aoa- Z part Of the lands herein
cscIloeo 70 other individuals or
CORPORATIONS engaged in the aviatio,
BUSINESS and have them construct
necessary improvements of tbe tir5
aua character herein provided o~ -
quLred by such individuals ~
poraIlons, such improvements ~.
eteI 70 be considered M j
uIe improvements herein otber
wise provided for. and comjng ~
W 1he same restrictions ae &c.
fnrtbar iSe provided. and provided
that such individuals ~
pJratlonS shall be legally and FL
slanClaIly responsible and eneaaas
~ me Susaness o. aviation aseG
Fifteenth
tIIe event the rental co,,,r
sion nereinabove proyided go
Leh-als Tor the secono ~ " 20
peI.od q this lease. shall ba $3.50 ii
~ Ieach an agreement. then TaaI4
sliai nave one year after - 1857
IL " written notice from Lessor
bara %ralqh 70 return said proneTt-
Il f1oove described to the citv n
ertien 'her provided that the nyo1
1..es herein provided u ~ oop
sbo IGVtu oy Lessee al said aironI-
NJ q ana remain the pronart n
I'll Guy OF Brownsville 49,
hereto being at All tines Utle
eIty' subject however. ~ ! me
troi and use thereon nv ne con-