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F. K. 9AUER ~ 1Z242 PE~K[ BuGM ~
H. W. BAUER PMOMS o~3-S1SS
pwN~~~ sUN GITY. ARIZONA OS3lfi ~
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I~OR~I"~1~I~~ DIF~~~ I~O`N~~R ~
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LEASE-RENTAL AGREEMENT . ~
THLS AGREEMENT made and entered into in duplicate this 28th day of March 19 ~3 '
by and between FRANK K BAUER and HELEN W. BAUER, as owners of PORTABLE DIESEL POWER, 12242 ~
bint Temnts wc'~ r;c Y~;,.
Pebble Beach, Sun ity, Arizona, hereinafter r~ferred to as the First Party and E. E.. Chandler ~
CHANDLER EQUIPMENT COMPANY, INC. 507 S. 33rd St. FT. PIERCE, FLA. 33450
hereinaiter referred as the Second Party, WITNESSETH: ~
That the Second Party is engaged in the rental equipment business. That for the mutual benefit of the ~ ~
parties hereto it is proposed that the First Party ship to the Second Party fmm time to time certain items of
eyuipment to be stored and warehouse~ by the Second Party, free of storage or handling charges to F'irst Party,
said equipment to be stored at Second Party's place of business known as .
CHANDLER EQUIPMENT COMPAMY. INC 5U7~ S 33rd St ~=PTFR_['.~F_ Fi a_ ~~d~n
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~ IN CONSIDERATION of the agreements of the Parties as hereinafter set forth is is agreed between the ~
~ parties as follows: ~
C 1. First Party will ship to the Second Party in such quantity and at such times as shall be mutually ~
~ agreed upon between the Parties, ior rental use, Portabel Diesel Electric Plants and/or Air Cooled Diesel ~
Air Compressors and Air Tools or other equipment, suitable tor renting to building and construction ~
~ contractors and others. ~
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2. The title to the eyuipment so shipped by the ~rst Party to the Second Party under this Agreement shall }
remain in the ~rst Party. ~
3. Second Party agrees to pay to the First Party a good faith deposit as agreed upon in advance of ship- ~ !
~ ment of each unit, to be retained by First Party during the life of this agreement as a guarantee of perform- ~
ance and to protect First Partq against depreciation and return freight charges. First Party agrees to ~
refund said deposit to Second Partq upon termination of this agreement less anq amount that maq be due
First Partq at time of termination. ~
4. Upon the rental oi said equipment bq the Second Partq, the Second Party shall have the right to remove
~ the equipment irom storage at Second Party's place of business and shall conform to rental procedures
~ issued by First Party. All Rentals oi said equipment must be writtea up on Rental Contract forms supplied }
~ by Second Party and signed by the Renter or his authorized agent.
~ 5. No equipment shipped under this agreement shall be removed by the Second Party, his agents or repre- ~
~ sentatives from the place of storage except as hereinabove provided, without the written consent of the First
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~ 6. Second Party agrees to permit the First Party or their representative to check said equipment at any time
~ during business hours.
~ 7. Second Party agrees to keep the equipn,ent so shipped to Secoc~ Party under this Agreement adequately
insured against all loss or damage by reason of fire, lightning, windstorm, civil commotion, vandalism,
~ malicious mischief, collision, upset, overturn, t6eft or other causes of any kind whatsoever by paying First
~ Party annual insurance premium charges in advance, covering All-Risk insurance carried by First Party
~ under Machinery & Equipment Floater Policy with the Insurance Company of North America, PhiLadelphia, Pa.
In case of loss or damage, regardless of cause, when loss or damage is discovered, Second Party agrees to
promptly notify First Party in writing.
8. Second Party agrees to pay freight charges on all shipments of equipment made by First Party to Second
Party's warehouse. '
do~K 213 P~,E
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