Common use of Due Organization and Existence Clause in Contracts

Due Organization and Existence. The City is a municipal corporation, duly organized and existing under and by virtue of the laws of the State, with the power and authority to own, lease and acquire real and personal property and equipment.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Due Organization and Existence. The City is a municipal corporationcorporation and general law city, duly organized and existing under and by virtue of the laws of the State, with the has full legal right, power and authority under the laws of the State to ownenter into the Site Lease and this Lease Agreement and to carry out and consummate all transactions on its part contemplated hereby and thereby, lease and acquire real by proper action the City has duly authorized the execution and personal property delivery by the City of the Site Lease and equipmentthis Lease Agreement.

Appears in 1 contract

Samples: Lease Agreement

Due Organization and Existence. The City is a municipal corporationcorporation of the State, duly organized and existing under the Constitution and by virtue of the laws of the State, with the power State and authority will do or cause to own, lease be done all things necessary to preserve and acquire real keep in full force and personal property and equipmenteffect its existence as such.

Appears in 1 contract

Samples: Installment Sale Agreement

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Due Organization and Existence. The City is a municipal corporation, duly corporation and general law city organized and existing under and by virtue of its charter and the laws of the State, with the has full legal right, power and authority under the laws of the State to ownenter into the Site and Facility Lease and this Lease Agreement and to carry out and consummate all transactions contem- plated hereby and thereby, lease and acquire real by proper action the City has duly authorized the execution and personal property delivery of the Site and equipmentFacility Lease and this Lease Agreement.

Appears in 1 contract

Samples: Lease Agreement

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