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<br /> Page 4 <br /> or on any date specified in the notice after the 30 day period. <br /> B. Any funds allocated to the Chamber by the City which are unencumbered or <br /> unexpended on the date of the termination of this Contract shall be remitted to City within <br /> 30 days ITom the date of the termination; provided, that if the parties execute a new contract <br /> to renew the Chamber's tourism promotion services and activities, the Chamber may use the <br /> funds for its usual and customary expenses until the date of its first allocation of funds under <br /> the new contract, when it will remit the remaining funds under this Contract to the City. <br /> 6. CONSTRUCTION <br /> This Contract shall be construed in accordance with the laws of the State of Texas, <br /> and in particular Chapter 351 of the Texas Tax Code. <br /> 7. CVB Assets <br /> The Chamber shall keep its equipment, supplies, vehicles and other assets separate <br /> ITom those purchased with hotel occupancy tax funds and to be used in the performance of <br /> this Contract. The latter shall be inventoried and identified as property of the Convention <br /> and Visitors Bureau. Inventory lists shall be provided by the Chamber to the Board and the <br /> City. Subsequently acquired assets ofthis nature shall be similarly separated ITom Chamber <br /> assets, inventoried and identified. <br /> EXECUTED this 9th day of September , 1997. <br /> <br /> Attest: THE CITY OF SAN MARCOS, TEXAS <br /> fftr1~ '&/ tf ~ By: <br /> J is K. Womack, City Secretary L anager <br /> By: <br /> Phil Neighbors, <br />