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1984 - 03-22-84 Adjour. Reg. Meeting
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1984 - 03-22-84 Adjour. Reg. Meeting
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4/24/2009 3:38:46 PM
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Admin-Clerk
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Minutes
Committee
Board of Commissioners
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1I <br />nv 11 FAcr 411 <br />-to`furnish.a. ualified:attendant at the Airport between the hours of,8.o'clock. <br />a «i.''rand.5 o'.clock p. Fn.,, every.day, for the purpose;,gf..providing,to,.the <br />public unicom radio communications and the sale of flight fuels and oils; <br />failure to make available to the public at a reasonable cost any of the <br />services authorized by clauses (b), (c) or (d) of Section 4, 2 hereof when <br />in the opinion of Commission there is a reasonable public demand therefor; <br />or failure to permit authorized employees and agents to enter upon and inspect <br />the Premises described in Section 3, 2(b) and (c) hereof; . <br />(c) John Robert Ogburn shall cease to be the owner of at least <br />5170 of the outstanding capital stock of the Corporation, or shall cease to be <br />the Chief Executive Officer of the Corporation, or shall cease to devote his <br />• full time to the affairs of the Corporation (except for such time as he may devote <br />to the Commission as its employee); or, <br />(d) Corporation shall be adjudicated a bankrupt, or shall be <br />placed in reorganization proceedings under the Bankruptcy Act, or shall make <br />an assignment for the benefit of Creditors, or shall be placed in receivorship. <br />ARTICLE XI <br />Other Conditions <br />Section 11. 1. Additional Fixed Base Operator. Anything in <br />this Lease to the contrary notwithstanding, it is understood and agreed that <br />the Commission, upon thirty (30) days written notice to the Corporation, may <br />terminate Corporation's right to use and occupy up to one-half (1/2) of the <br />e adjacent ground area described in Section 3.2(b) of this Lease, for the purpose <br />of leasing same to another person, firm or corporation as an additional fixed <br />base operator at the Airport. <br />
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