HomeMy WebLinkAbout1785 ~ ~
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20.)423 ~ '
ASSICNMENT OF LEASE ~
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THIS ASSICNI~NT OF LEASE~ made this q~ day of Jtr~-~-~~-- .
19~0~ by aad betweea INUTAN RIVER MINERALS OF FLORIDA,~INC., a Florida
corporatioa~ ASSIGNOR, and iJNITED STATES~STEEL CORPORATI0~1, a Delaware
corpora[ioa, ASSIGNEE, '
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WIINESSETN THAT: '
WHEREA.S, Assigaor did eater iato a certain lease the ad~
day of A.D. 1970, froaa the City of Fort Pierce,
Florida, for the privilege of running a line of cargo vessels from
said City's wharf located ia the C~ty of Fort Pierce, Florida, and
. Assignor did agree to lease said wharf upon certain terms aad
coaditioas for a period of five (S) years, as vell as aa Addenduci
' thereto dated the ~S~ day of
A.D. 1970; and .
WtiEREAS, Bahama Cement Company, a compaay incorporated under the laws
of the Republic of Liberia and registered under the Foreiga Companies
Act of the Bahama Islands Whose registerd office is at Freeport in
the Island of Grand Bahama, one of the Bahama Islands, did enter
iato a contract to purchase silica beariag loose granular material
from Carl Paul wild, Edwards Road, Fart Pierce, Florida, Executive,
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~ aad Indian River Miaerals of Florida, Inc., said Bahams Cement
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~ Compaay being an associated subsidiary caaipany of United States Steel
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~ Corporation; and <
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~ . Nt~REAS,~for acd in consideratioa of the entering iato of said purchase
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~ coatxact by Bahama Cement Company, Indisa River Ninerals of Florida,
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~ Ioc. hereby assigns all its right, title and interest in and to the
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~ afo.rementioned lease aad Addendum thereto from the City of Fort . ~
~ Pierce, Florida, unto United States Steel Corporatioa a Delavare
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~ corporation, ugon the e=rliest to occur af any of the followiag ~
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eventa : ~ •
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~ 1. A default by Indian River Hinerals of Florida, Inc., uader said
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lease, in failing to make reatal p~y~aeats as required by lease,
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~ or fa otherviae failiag to canply with the terms and coaditioas
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~ of said lease. l
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