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<br />Page 6 <br /> <br />5. <br />TERM; TERMINATION <br />The term of this Agreement shal1 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 effecti ve 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 /> <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 />