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<br />1. ! et~u <br /> <br />k¡. <br /> <br /> <br />This agreement, made this <br /> <br />dJ.~^-~ <br />.P-tTr _ d:1 '/ <br /> <br />~,~, <br /> <br /> <br />by and between the Board of Regents, <br /> <br />Texas !':tat.,. U i <br />- .... n von:o.ty <br /> <br />y t,~.. <br /> <br />hereinafter called the Licensor, and the City of <br />hereinafter called Licensee. <br /> <br />San Harcof.;, <br /> <br />l' (' X ;\!~ . <br /> <br />1. In consideration for the payment of Licensee to Southwest <br /> <br />Texas State University of the sum of $9,583.00, the receipt of which <br /> <br />is hereby acknowledged, Licensor hereby grants and demises unto the <br /> <br />Licensee a license and right-of-way upon and across the property <br /> <br />described in Exhibit A, attached hereto and made a part hereof for <br /> <br />all purposes, to be used as a public roadway for pedestrian and <br /> <br />vehicular traffic. <br /> <br />2. The license, rights, and privileges herein granted shall <br /> <br />be perpetual unless terminated pursuant to the provisions of paragraph <br /> <br />5 of this agreement. <br /> <br />Licensor hereby binds itself, its legal rep- <br /> <br />resentatives and successors to warrant and defend the above described <br /> <br />license unto the said Licensee and its successors against every <br /> <br />person whomsoever lawfully claiming or to claim the same or any part <br /> <br />thereo f . <br /> <br />3. Licensee is responsible for improving and maintaining the <br /> <br />roadway described in Exhibit A during the term of this license. In <br /> <br />this connection Licensee may, with Licensor's written approval, <br /> <br />install such traffic control signs and devices as it deems necessary <br /> <br />for the orderly regulation of such tra~fic and may enforce such <br /> <br />traffic and other laws as are applicable. <br /> <br />4. In addition to the traffic control devices referred to In <br /> <br />paragraph 3, Licensee agrees to install, operate and maintain a <br />