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Res 1998-128
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Res 1998-128
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Last modified
4/23/2007 5:00:16 PM
Creation date
4/16/2007 4:08:15 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
1998-128
Date
6/22/1998
Volume Book
133
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<br /> 22. NOTICES. All notices to be given under this Lease shall be made in writing and mailed by certified mail, return receipt requested, to the other <br /> party at its address set forth herein or at such address as the party may provide in writing from time to time. Any such notice shall be deemed to have <br /> been received five days subsequent to mailing. <br /> 23. SECTION HEADINGS. All section headings contained herein are for the convenience of reference only and are not intended to define or limit the <br /> scope of any provision of this Lease. <br /> 24. GOVERNING LAW. This Lease shall be construed in accordance with, and governed by, the laws of the state of the Equipment Location. <br /> 25. DELIVERY OF RELATED DOCUMENTS. Lessee will execute or provide, as requested by Lessor, such other documents and information as are <br /> reasonably necessary with respect to the transaction contemplated by this Lease. <br /> 26. ENTIRE AGREEMENT; WAIVER. The Lease Documents constitute the entire agreement between the parties with respect to the <br /> lease of the Equipment, and this Lease shall not be modified, amended, altered, or changed except with the written consent of Lessee and Lessor. My <br /> provision of this Lease found to be prohibited by law shan be ineffective to the extent of such prohibition without invalidating the rernainder of this Lease. <br /> The waiver by Lessor of any breach by Lessee of any term, covenant or condition hereof shall not operate as a waiver of any subsequent breach fNor"!Of. <br /> IN WITNESS WHEREOF, the parties have executed this Agreement as of the 18 day of June 19 98 <br /> <br /> LESSEE: City of San Marcos, TX LESSOR: oration <br /> <br /> By: >C t '7f- / ./. M-i By: <br /> 0 . \) Bryan Eells <br /> Title: x: City Manager Titfe: Vir.p. Prp.~¡rlent <br /> <br /> OPINION OF COUNSEL <br /> With respect to that certain Equipment Lease-Purchase Agreement rLeaseW) dated June 18. 1998 by and between Lessor and <br /> Lessee, I am of the opinion that (i) Lessee is a tax exempt entity under Section 103 of the Internal Revenue Code of 1986, as amended; (ii) the <br /> execution, delivery and performance by Lessee of the lease have been duly authorized by all necessary action on the part of Lessee; (iii) the Lease <br /> constitutes a legal, valid and binding obligation of Lessee enforceable in accordance with its terms and aU statements contained in the lease and all <br /> related instruments are true; (iv) there are no suits, proceedings or investigations pending or, to my knowtedge, threatened against or affecting Lessee, <br /> at law or in equity. or before or by any governmental or administrative agency or ins1r1Jmentality which, if adversely determined, would have a material <br /> adverse effect on the transaction contemplated in the Lease or the ability of Lessee to perform its obligations under the Lease and Lessee is not in <br /> default under any material obligation for the payment of borrowed money. for the deferred purchase price of property or for the payment of any rent <br /> under any lease agreement which either individuaDy or in the aggregate would have the same such effect; and (v) all required public bidding pro Jres <br /> regarding the award of the Lease have been followed by Lessee and no governmental orders, permissions, consents, approvals or authorizat are <br /> required to be obtained and no registrations or declarations are required to be filed in connection with the execution and delivery of the lease. <br /> Counsel for Lessee: ~ <br /> By, ~ 7vL~t. 7) .~II- <br /> <br /> Title: ~ Q,o -hr ~V-V\ c Î <br /> <br /> Date: X 3 (". 1/1 C '2-- 3 I I '1 '1.8 <br /> I <br />
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