06/25/1929 Board of Public Works Minutes

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Tuesday, June 25th. , 1929. "The southeast quarter (S7,:) and the past Half (M.1-) of the oouthwest Quarter (S71+) all in Section Fifteen (I5) Township thirty eight (38) North, mange three (3) East. For and in consideration of the agreements hereinafter contained for second party to do and-erform, the said first party does lease unto said second party the following described and bounded parcel within and a part of the above described real estate, to -wit: "Beginning at a point at the northwest corner of Il'unicipal danger No. Two (#2); thence north about 140 feet; thence east 60 feet; thence south about 140 feet; thence west -to the place of beginning.": for the reriod of one (I) .year from and after the Ist. , day of July_ I929. Said first party also grants unto said second party an option to renew its said lease from an0after the expiration of the said'one year lease, but not to extend beyoind the term of its own lease of said -remises. In consideration of said leasing by first r..arty to second party, said second -arty contracts and agrees to pay said first party on the Ist.1 day of July 1929, the sum of one hundred dollars ( 100.00) for the rental for said premises for said year and in case of a renewal of the term for another year at the expiration of the first ,year of the tenancy , thenc aid second -arty shall -.ay to said first party a lice sum of One TTundrerl Dollars ''I00.�O) at the beginning of th-i second year of the tenancy. Said second party shall ;live notice in rriting to said first tarty at least thirty (30) days before the expiration of the said first year of the tenancy of its intention to continue the lease by the acceptance of said o-ption. Said ~'econd Party shall have the right to erect any buildings it .gay desire upon the above described and leased premises, vThich building shall comform to the sr,ecifications arprove' by the said first party, its Board of Public "or1k:s or .'anager of the -Lsir port that the said Board of Public ''ores may appoint, which building;' it may remove at its option, at the expiration of the one gear term of the lease and in the event of a renewal of said term for another .year then at the ex-iration "f sai: second term of the lease, but in removing said buildings the premises shall be left in as good order and condit'on as they are now in. Said second r1i.rty shall have the right to use the said premises :oereby leased to it for its own shin hangers and for a flying school �.n,-1 i t 1�,Iay. 'ase the other -ort ion of the Tremises first hdreinabove described in its flying school instruct-] ions, but all such uses shall be subject to the ri -:its of said first party as well as the rights of the said It. Joseph ]Talley Aviation Club, Incorporated, as set out'in their said agreement, copy o_' �7drhich is attached hereto. aaid second party shall also have the right to carry- supplies and parts for aeroplanes for its own use and for sale to other aeroplance users, except gasoline and oil for the purpose of sale, however, said second Tarty shall have the right to fuel or furnish gasoline or oil for its own planes. Said second party shall ha -re -:,-Le ri-ht to transfer frei ht and -passengers and use the said leased premises as an aeroplane service station, such right however shall not be exclusive for said second rartys use siff the said premises shall be such as will not interfere in any way with t'_ie operation of mail planes or airmail ser vice. Said second party receives no right hereby to occupy tie other buildings upon said first above described -remises, except by special permission of the Board of 'ablic 14or s or its duly authorized Aitport-Yanager. Said sec�;nd party will in all things conform with the rules and requirements of the 'department of Com-merce and the laws of the State of Indiana concern in,- aviation now in force and that may be hereafter enacted and that they will not use any airships upon said -remises or permit any one in their employ to operate any airships or airplanes that have not been duly licensed by the Der_,artment of Commerce. In "'1ITITESS ''IH ZTOF, the parties hereto do hereunto sets their hands and seals this day and year above first written. T-77TICIPAL ^ITY "07 SOTJTTI -3 ?'� IidDIAT A By ,,,. 'II= 'JO'Fjy LT• Si14Or"OR 'RA T: PT1 T1rr. _1 l!� S BOARD 0 r PT LI^ ,_TC _ a AND SHO'; Tj_qY FLYING S TRVI C E BY CLYDE STI"!l-CL �Y. " • • • • • • l� u