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<br />22 <br /> <br />RESOLUTION 1986-l34R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CI'rY OF SAN MARCOS, TEXAS, APPROVING THE <br />TERMS AND CONDITIONS OF A CONSENT TO <br />ASSIGNMENT TO THAT LEASE AGREEMENT DATED <br />JANUARY 27, 1981, AS AMENDED, BETWEEN <br />SAID CITY AND JAMES W. MILLER (MILLER AIR <br />SPORTS, INC.) WHO ASSIGNED ALL RIGHTS <br />THEREUNDER TO HEARNE AVIATION, CO., INC., <br />WITH THE APPROVAL OF SAID CITY FOR THE <br />PURPOSE OF GRANTING A SECURITY INTEREST <br />TO REX P. STALLINGS AND DORIS R. <br />STALLINGS IN SAID LEASEHOLD IN ORDER TO <br />SECURE A NOTE FROM SOUTHWEST TEXAS <br />AVIATION, INC. (FORMERLY HEARNE AVIATION <br />CO., INC.), AUTHORIZING THE MAYOR TO <br />EXECUTE SAID CONSENT TO ASSIGNMENT, AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. That the terms and conditions of A Consent To <br />Assignment, a copy of which is attached hereto and incorporated <br />herein for all purposes, to that lease agreement of January 27, <br />1981 between the City of San Marcos, Texas, and James W. Miller <br />(Miller Air Sports, Inc.) who assigned all rights thereunder to <br />Hearne Aviation, Co., Inc., with the approval of said City, which <br />grants a security interest to Rex P. Stallings and Doris R. <br />Stallings in said leasehold for the purpose of securing a note <br />from Southwest Texas Aviation, Inc. (formerly Hearne Aviation Co., <br />Inc.), are hereby approved, and a copy of said Consent To <br />Assignment shall be attached to said lease agreement after it has <br />been executed by both parties. <br /> <br />PART 2. That the Mayor, J.E. Younger, be, and he is hereby <br />authorized to execute said Lease Amendment. <br /> <br />PART 3. That this Resolution <br />effect from and after its passage. <br /> <br />shall <br /> <br />be in full force and <br /> <br />ADOPTED this <br /> <br />10 <br /> <br />day of November <br /> <br />(-~ ~\ <br />'Yo E . 1V~~g~; <br /> <br />Mayor <br /> <br />, 19 86 <br /> <br />Attest: <br /> <br />~ AI/"'1 J' <br />, '.'~' ~/'l/ <br /> <br />J 6Uß~ .' . , ¿;; /ffJlfV~/fl <br /> <br />.Jani s K. Womack <br />City Secretary <br />