Res 1187 5/18/1971RESOLUTION NO. A/ P/7
WHEREAS, heretofore under date of April 15 , 1965 , a
certain T-Hangar Ground Lease Agreement was made and entered into
by and between the City of Wichita Falls and Charles E . King ; and,
WHEREAS , thereafter by supplemental agreement effective
October 1 , 1966 , City and King amended said T-Hangar Ground Lease
by deleting therefrom Tract No . 2 ; and,
WHEREAS , King did not exercise the option contained in
the T-Hangar Ground Lease to lease Tract No . 3 described therein,
and such option to lease Tract No . 3 has now expired; and,
WHEREAS , Charles E . King has requested that the City
approve an assignment of such T-Hangar Ground Lease to King Flight
Services , Inc . , all of whose shares are being purchased by Southern
Aviation , Inc .
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS , TEXAS , THAT :
Approval is hereby given to the assignment by Charles E.
King to King Flight Services , Inc. of such T-Hangar Ground Lease
Agreement dated April 15 , 1965 , and the City Manager is authorized
to execute with Charles E . King mutual releases of all obligations
under such T-Hangar Ground Lease .
PASSED AND APPROVED THIS the /I -day of May , 1971 .
M A Y R
ATTEST :
Ci y Clerk