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Res 1986-128
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Res 1986-128
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8/28/2007 9:07:39 AM
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8/28/2007 9:07:39 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Purchase
Number
1986-128
Date
10/27/1986
Volume Book
83
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<br />billed which are uncollected within 60 days from billing, LCRA <br />shall reimburse CITY the full amount originally paid by CITY for <br /> <br />said account. <br /> <br />6.03 CITY agrees to assume, as of the Closing Date, and to <br /> <br />hold LCRA harmless from any and all obligations under and with <br /> <br />.respect to all contracts (private and governmental) for electric <br /> <br />service. <br /> <br />CITY agrees to assume, as of the Closing Date, and to <br /> <br />hold LCRA harmless from all obligations and liabilities arising <br /> <br />under and with respect to all contracts for street lighting and <br /> <br />other municipal services, railway and river crossing contracts, <br /> <br />pole rental contracts, and other contracts and leases, relating to <br /> <br />or arising from the Property and operations to be transferred <br /> <br />hereunder to CITY, which contracts, leases and obligations of LCRA <br /> <br />are itemized and marked as Exhibit 10, attached to this Agreement <br />and incorporated at this point by reference, and including <br /> <br />contracts to be entered into in accordance with the next <br /> <br />succeeding paragraph of this Agreement. <br /> <br />All such contracts shall <br /> <br />be transferred and assigned to CITY at the time of Closing by <br />a Transfer and Assignment in substantially the form marked as <br /> <br />Exhibit 11 attached to this Agreement and incorporated herein by <br /> <br />reference. <br /> <br />6.04 LCRA agrees that between the date hereof and Closing <br /> <br />Date, it will enter into no contracts in connection with the <br /> <br />operation of the electric Properties to be conveyed under the <br /> <br />11 . <br />
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