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Res 1986-095A
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Res 1986-095A
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8/27/2007 3:19:37 PM
Creation date
8/27/2007 3:19:37 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1986-95A
Date
8/11/1986
Volume Book
81
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<br /> NOW, THEREFORE, in consideration of the premises <br /> aforesaid, and the initial covenants, promises and agreements <br /> herein set out, the parties hereto do hereby agree and contract <br /> as follows: <br /> ARTICLE 1 <br /> TERM <br /> 1.1 This Agreement, in accordance with the terms <br /> hereinafter set forth, will become effective on September 1, <br /> 1986 and shall have an initial term of five (5) years and will <br /> remain in effect thereafter on a year-to-year basis unless <br /> terminated by either party by giving written notice to the <br /> other party at least twelve (12) months prior to the expiration <br /> of the initial five (5) year term or any succeeding term. <br /> 1.2 For the purposes of this Agreement, the CONTRACT <br /> YEAR shall be the fiscal year of the CITY. The first CONTRACT <br /> YEAR will end September 30, 1987. <br /> ARTICLE 2 <br /> OPERATING AGENT <br /> 2. 1 CITY hereby employs and designates LCRA as its <br /> Operating Agent to operate, maintain, replace and extend on the <br /> terms hereinafter set forth, all of the distribution and <br /> transmission facilities purchased from LCRA or which may <br /> -3- <br />
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