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<br />-3- <br /> <br />per <br /> <br />cent <br /> <br />(25%) <br /> <br />of the <br /> <br />funds <br /> <br />paid <br /> <br />to <br /> <br />Chamber <br /> <br />be <br /> <br />spent <br /> <br />for <br /> <br />the purposes set out in Section 26-2l(d), nor will any funds be awarded <br /> <br />to <br /> <br />any <br /> <br />tax ing <br /> <br />unit as that phrase is defined in Article 7345(b) §l, <br /> <br />V.A.T.S. <br /> <br />VI. <br /> <br />The term of this Agreement shall be from the date of its execution <br /> <br />by both parties un ti 1 and includ ing December 30, 1987. <br /> <br />It is expressly <br /> <br />agreed that either party may cancel this Agreement by tendering written <br /> <br />notice to the other. <br /> <br />Upon expiration of thirty (30) days from the date <br /> <br />of said written notice, this Agreement shall become null and void. <br /> <br />Any <br /> <br />funds allocated to Chamber by City which are unencumbered or unexpended <br /> <br />on <br /> <br />the <br /> <br />e ffecti ve <br /> <br />date <br /> <br />of the termination of this Agreement shall be <br /> <br />remitted to City on or before the expiration of thirty (30) <br /> <br />days <br /> <br />from <br /> <br />the date of the termination. <br /> <br />WITNESS OUR HANDS this <br /> <br />9 <br /> <br />day of December <br /> <br />, lcß6 <br /> <br />/~, <br /> <br />THE tITY OF SAN MARCOS, TEXAS <br /> <br />Attest: . j) ) <br />~ ~~Gf. 7f~ <br /> <br />Janis K. Womack <br />Ci ty Secretary <br /> <br />\. If, I' <br />BT:"~~it:)A y'on.t:J~ER, MAYOR <br /> <br />SAN MARCOS CHAMBER OF COMMERCE <br /> <br />BY: ~ é~ <br />CHERY ARR, PRESIDENT <br />