Laserfiche WebLink
<br /> (3/£ <br /> - Page 6 <br /> 5. <br /> TERM; TERMINATION <br /> A. The term of this Contract shall be from October 1, 1996 through September 30, <br /> -- 1997. It is expressly agreed that either partY,may cancel this Contract by tendering written <br /> notice to the other. This Contract will terminate 30 days from the date of the written notice, <br /> or on any date specified in the notice after the 30 day period. <br /> B. Any f~.nds 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 from the date of the termination; provided, that if the parties execute a new <br /> contract to renew the Chamber's tourism promotion services and activities, the Chamber <br /> . <br /> may use the funds for its usual and customary expenses until the date of its first allocation <br /> of funds under the new contract, when it will remit the remaining funds under this Contract <br /> to the City. <br /> 6. <br /> 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. <br /> The Chamber shall keep its equipment, supplies, vehicles and other assets separate <br /> from those purchased with hotel occupancy tax funds and to be used in the performance <br /> of 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 <br />