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10 <br />STATE OF TEXAS <br />CONTRACT FOR SERVICES <br />COUNTY OF HAYS <br />KNOW ALL MEN BY THESE PRESENTS: <br />That the City of San Marcos, Texas, a municipal corporation <br />existing by and under the laws of the State of Texas, acting <br />through authority conferred on its Mayor, Emmie Craddock, by <br />action approved on December 30, 1981, hereinafter "City", and <br />the San Marcos Chamber of Commerce hereinafter "Chamber" acting <br />by and through its President, John Ferguson enter into this <br />agreement pursuant to the terms and provisions of Chapter 26, <br />Article II, of the Code of Ordinances for the City of San Marcos, <br />Texas. <br />WITNESSETH <br />I. <br />That City has enacted by ordinance a hotel room occupancy <br />tax to be levied upon the occupancy of any room furnished by any <br />hotel within City. Pursuant to Section 26-21 of the Code of <br />Ordinances of City, "Use of Proceeds", City does hereby agree to <br />allocate funds from the revenue of said tax to Chamber. The <br />allocation of funds to Chamber is hereby agreed to be ninety per- <br />cent (900) of the gross of all funds collected from the hotel room <br />occupancy tax. Furthermore, it is expressly agreed that Chamber <br />shall be entitled to operating and administrative expenses incurred <br />in fulfilling Chamber's responsibilities under this contract. Said <br />operating and administrative expenses shall not exceed fifteen per- <br />cent (15%) of the total allocation of such funds collected from the <br />hotel room occupancy tax to be received by Chamber. <br />II. <br />Chamber hereby agrees to expend said fund for the activities