The city hereby consents and agrees to the leasing of all the city's municipal airport properties and facilities and all of the municipal airport properties and facilities hereinafter acquired by the city, including but not limited to the following described real property located in Delaware County, State of Oklahoma, described herein, a tract of land described as follows, to-wit:
Beginning at the SE corner of the SE1/4 of SW1/4 for a place of beginning; thence West 429 feet; thence North 1320 feet; thence East 214.5 feet; thence North to the North Section line; thence East 500 feet; thence South to the South Section line; thence West to the place of beginning; and
Starting at a point 285.5 feet East and 275 feet North of the SW corner of the SE1/4 for a point of beginning; thence East a distance of 250 feet; thence North and parallel to the West line of the E1/2 of Section 33 a distance of 900 feet; thence West a distance of 250 feet; thence South and parallel to the West line of the E1/2 of Section 33 a distance of 900 feet to the point of beginning, located in Section 33, Township 25 N. Range 24 E.
together with all and singular appurtenances and hereditaments thereto appertaining and belonging, including (without limitation by reason of express mention) all buildings and improvements now or hereafter located thereon and all fixtures now or hereafter existing thereto, together with any and all, extensions and improvements thereto acquired by the life of the lease for a primary term of fifty (50) years, renewable for successive like terms, to the trustees of the Municipal Airport Managing Authority (a public trust of which the city is the beneficiary), with such lease to become effective as of 12:01 A.M. on the day following the date this section shall become effective (March 2, 1976). The president of the board of trustees of the town (now mayor of the city) hereby is authorized and directed to execute the aforesaid lease upon behalf of the city as lessor, in several multiple originals, and after the same shall have been attested by the city clerk, to deliver such lease to the trustees of the aforesaid authority. (Ord. No. 210, 3/2/76)