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<br /> Page 6 <br /> 5. <br /> TERM; TERMINATION <br /> The term of this Agreement shall be from October 1, 1991 <br /> through September 30, 1992. It is expressly agreed that either <br /> party may cancel this Agreement by tendering written notice to the <br /> other. Upon expiration of thirty (30) days from the date of the <br /> written notice or any date specified after thirty (30) days from <br /> the date of the notice, this Agreement shall be terminated. Any <br /> funds allocated to the Chamber by the City which are unencumbered <br /> or unexpended on the effective date of the termination of this <br /> Agreement shall be remitted to City on or before the expiration of <br /> thirty (30) days from the date of the termination. <br /> 6. <br /> CONSTRUCTION <br /> This Agreement shall be construed in accordance with the laws <br /> of the State of Texas, and in particular Chapter 351 of the Texas <br /> Tax Code, and with Article II of Chapter 26 of the San Marcos Code <br /> of Ordinances. <br /> 7. <br /> At the inception of this Agreement, the Chamber shall separate <br /> its equipment, supplies, vehicles and other assets from those <br /> purchased with hotel occupancy tax funds and to be used in the <br /> performance of this Agreement. The latter shall be inventoried and <br /> identified as property of the Convention and Visitors Bureau. This <br /> process shall be completed by October 31,1991, and inventory lists <br /> shall be provided by the Chamber to the Council and the city. <br />