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<br />4. TERM; TERMINATION <br />A. The term of this Contract shall be from October 1,2002 through September 30, 2003. <br />It is expressly agreed that either party may cancel this Contract by tendering written notice to the <br />other. Upon expiration of 30 days from the date of the written notice or any date specified after <br />thirty 30 days from the date of the notice, this Contract shall be terminated. <br />B. Any funds allocated to the Chamber by the City which are unencumbered or unexpended <br />on the effective date of the termination of this Contract shall be remitted to the City on or before the <br />expiration of thirty 30 days from the date of the termination. <br />5. ASSETS <br /> <br />The Chamber shall keep its equipment, supplies, vehicles and other assets separate from <br />those purchased solely with Tourism Funds and to be used in the performance ofthis Contract. The <br />latter shall be inventoried and identified as property of the City. Inventory lists shall be provided by <br />the Chamber to the City. Subsequently acquired assets of this nature shall be similarly separated <br />from Chamber assets, inventoried and identified. <br /> <br />6. CONSTRUCTION <br /> <br />This Contract shall be construed in accordance with the laws of the State of Texas, and in <br />particular Chapter 351 of the Texas Tax Code. <br /> <br />EXECUTED on <br /> <br />September 24 , , 2002. <br />THE CITY OF SAN MARCOS, TEXAS <br />By: D~ <br /> <br />Dan O'Leary, City Manager <br /> <br />Attest: <br /> <br /> <br />SAN MARCOS HISPANIC CHAMBER OF COMMERCE <br /> <br /> <br />nda Quintanilla, Executive Director <br /> <br /> <br />C:\TEMP\Hisp Chamber CVB-2002,doc <br /> <br />3 <br />