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RESOLUTION
YMEREAS, Mutual Lumber Campany is entering into a lease contract
and agreement with the City of Georgetown, Georgetown,Independent School District
also to be a party thereto, under the provisions of which said Mutual Lumber
Company is to erect and construct an 9thletic stadium on certain property
which said City of Georgetown is leasing to Mutual Lumber Company and George-
town Independent School District, and
74HEREAS, said lease agreement provides that Mutual Lumber C mpany is
to give Lieorgetown Independent School District the first opportunity to
lease said athletic stadium after it has been completed, if said school district
desires to do so;
AND, WHEREAS, it is the desire of the Board of Trustees of said
Georgetown Independent School District to lease said athletic stadium from
said Mutual Lumber Company after it has been completed and erected;
NOVI, THEREFORE, BE IT RESOLVED by the Board of Trustees of Georgetown
Independent School District, at a called meeting of said Board on this, the
10th day of June, 1957, a quorum being present, that said Board desires to
exercise the option granted to it in the aforementioned lease agreement to
lease said athletic stadium from Mutual Lumber Company upon the completion
of said stadium by said }Mutual Lumber Company.
BE IT FURTHER RESOLVED that the President of the Board, C. Sanders,
be, and he is hereby, authorized and directed to advise Mutual Lumber Company
of the action being taken by this Board in this connection and said president
shall submit a proposed lease agreement from said ?Mutual Lumber Company to
this Board for approval, after said stadium has been constructed and erected.