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Res 2001-087
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Res 2001-087
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Last modified
7/5/2006 3:17:45 PM
Creation date
7/5/2006 3:16:17 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2001-87
Date
5/21/2001
Volume Book
143
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<br />. ""'~"""'."'~.!\,~ <br />~~('~r:- ~\~~ .~t1,.:: '".....,.;i.1t*~U- <br />executed by an independent engineer or architect who is reasonably satisfact!~;'fo'tessor wherein said engineer or <br />architect certifies that the Equipment is relocatable or transportable and will remain personal property. <br /> <br />(c) Without limiting the generality of the representations in the Master Lease as it applies to the Lease, Lessee <br />represents and warrants to Lessor that the Lease complies with all applicable provisions of the laws of the State of <br />Texas, including, without limitation, all applicable public finance laws of the State of Texas. <br /> <br />3. NO SALE OF FRACTIONAL INTERESTS IN THE LEASE. Lessor agrees that: (a) unless otherwise agreed <br />by Lessee in writing, Lessor will not create or sell fractional interests in the Lease or participation interests in the Lease; <br />(b) if Lessor sells or assigns its rights in the Lease, then, unless otherwise agreed by Lessee in writing, such sale or <br />assignment shall be of an undivided interest in all of Lessor's right, title and interest in the Lease to a single purchaser <br />or assignee; and (c) if Lessee consents to the creation or sale of any fractional interests in the Lease or any participation <br />interests in the Lease, Lessor agrees that such transaction shall comply with applicable State and federal law. <br /> <br />4. GENERAL. Except as expressly amended by this Addendum and other modifications signed by Lessor, the <br />Lease remains unchanged and in full force and effect. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the date first referenced <br /> <br />above. <br /> <br />CITY OF SAN MARCOS <br />(Lessee) <br /> <br />By; "t"=t 4' k ~ <br /> <br />Tille: City ManaGer '- <br /> <br />Banc One LeasIng Corporation <br />(Lessor) <br /> <br />qr/~ <br /> <br />By: <br /> <br />Title: 'Pi t..-t- Ii I((L <br /> <br />~reJ I ^~-l- <br /> <br />(munilease.tex) <br /> <br />Page 2 <br />
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