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<br />I <br /> <br />I <br /> <br />1m -9- 2/24/77 <br /> <br />195i <br /> <br />(7) tee. <br /> <br />XVI. <br /> <br />Lessee will require the San Marcos Golf Association to <br /> <br />furnish to Aquarena, Incorporated, and the City of San Marcos" <br /> <br />a monthly report of income and expenditures during the life <br /> <br />of this lease contract; and to provide that an annual audit <br /> <br />of the books of the Association be conducted by a well qual- <br /> <br />ified and competent auditor at the expense of the Association, <br /> <br />and a copy of such annual audit shall be furnished to Aquarena, <br /> <br />Incorporated, and the City of San Marcos, without expense to <br /> <br />either Aquarena, Incorporated, or the City of San Marcos. <br /> <br />This lease contract is executed in duplicate originals, <br /> <br />Aquarena, Incorporated, acting herein by and through Gene <br /> <br />Phillips, its President, duly attested by its Secretary, and <br /> <br />with its corporate seal hereunto affixed, all hereunto duly <br /> <br />authorized, and is executed by the City of San Marcos, acting <br /> <br />herein by and through its Mayor, and duly attested by its <br /> <br />_ ,'7,,{J,j <br />Secretary, and with its seal hereunto affixed, on this the ram <br /> <br />I <br /> <br /> <br />day <br /> <br />, A. D., 1977, but effective as of <br /> <br />and <br /> <br />1st, A. D., 1977. <br /> <br />cm ~MARC~ <br />BY:'~ C~ <br /> <br />(Its Mayor <br /> <br />---. <br /> <br />A~rT:. ~. <br />IL~, ), <br />Doriss Hambrick, City <br />Secretary. <br />