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<br /> 62 <br /> STATE OF TEXAS <br /> LEASE AGREEMENT FOR LOT 1 <br /> COUNTY OF CALDWELL <br /> KNOW ALL PERSONS BY THESE PRESENTS: <br /> WHEREAS, the City of San Marcos is the owner of San Marcos <br /> Municipal Airport, by virtue of an inden ture from the United Sta tes of <br /> of America dated the 14th day of February, 1966, and the 14th day of <br /> Ju 1 y, 1969, and the 11th day of May, 1976, to which reference is hereby <br /> made and by such reference made a part hereof; and, <br /> WHEREAS, CARROLL MORRISON, desires to obtain from the Ci ty of San <br /> Marcos a land lease at the San Marcos Municipal Airport for the purpose <br /> of building and placing upon said leasehold an airplane hangar <br /> for the keeping and storage of a single airplane; and, <br /> WHEREAS, the City of San Marcos, in order to effectuate the use of <br /> the subject premises to construct or have constructed such a facility <br /> desires to enter into a lease of a portion of such airport with Carroll <br /> Morrison, the City of San Marcos desires to lease such property for the <br /> construction of a facility in accordance with the following terms and <br /> conditions: <br /> WITNESSETH: <br /> 1. Federal Aviation Administration. <br /> All covenants, terms and conditions of this lease must be approved <br /> by the Federal Aviation Administration before the effective date of <br /> lease as hereinafter stipulated. <br /> 2. Demised Premises. <br /> The City of San Marcos, hereinafter called Lessor, hereby leases to <br /> Carroll Morrison, hereinafter called Lessee, and said Lessee rents <br /> from Lessor that certain premises described in attached exhibits and <br />