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FIRSTS Lessee Mutual Lumber Company shall, within six months from
the date hereof, erect and construct an athletic stadium on the herein-
above described tract of land, with a seating capacity of 4,000, such
stadium to be erected and constructed as a suitable place for holding
Athletic events.
SECOND: After the erection and completion of said athletic stadium
by said Mutual Lumber Company as set forth in Paragraph FIRST above, said
Mutual Lumber Company shall give Georgetown Independent School District the
first option to lease said athletic stadium on a year to year basis, at a
consideration to be mutually agreed upon by and between said Mutual Lumber
Company and Georgetown Independent School District. If said Georgetown In-
dependent School District does not elect to lease said athletic stadium, then
said Mutual Lumber Company shall be entitled to lease said stadium to some
other concern, whether it be municipal, school, private corporation or person,
which may desire to lease said athletic stadium and use it for the purpose of
conducting athletic events, or said Mutual Lumber Company may operate said
stadium itself for the purpose of conducting athletic events.
THIRD: The term of this lease to said Mutual Lumber Oompany shall be
for ten years, beginning on the first day of June, 1957, and ending on the 31st
day of May, 1967, unless such term may be lessened or decreased in accordance
with the provisions hereinafter set forth. At the and of said ten year term
hereby granted to said Mutual Lumber Company, or at the end of said decreased
or lessened term, then the term of this lease to said Georgetown Independent
School District shall begin and shall continue to the termination date of this
lease , as hereinabove provided, including any renewal and extension hereof by
said Georgetown Independent School District, the aggregate term of this lease,
including the term for said Mutual Lumber Company and the term for said
Georgetown Independent School District, shall be twenty-five years from the
date hereof.
FOURTHS It is mutually agreed and understood, and so contracted, by
and between all of the parties hereto, that said Mutual Lumber Company shall
be entitled to receive not more than the sum of $25,000.00. plus a reasonable
return on its original investment of $25,000.00 not to exceed an amount equal
to six (6%) per cent per year on the portion of such original investment which