3. 06/05/1991 Agreement
FilED reF i'rCORD
LOAN AGREEMENT
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Agreement, made this .:5:1:L- day of 0u lil ~ , 1991, bebN"een
the BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORI~A (the
"Board") and the KEY WEST ART & HISTORICAL SOCIETY (the
"Society")
1. This agreement covers two (2) Mario Sanchez wood
carvings to be loaned by the Board to the Society.
2. The term of this agreement begins on July 1, 1991 and
ends on June 30, 1993.
3. This agreement may be prematurely terminated by either
party, but if the Board is the terminating party, the Society
shall be given thirty (30) days after notice within which to
return the carvings.
4. The Society shall display the carvings properly in its
art gallery, known as the East Martello Museum, at a temperature
of 700 Fahrenheit and a humidity of 55%. The Society assumes all
risks of loss and damage to the carvings and shall return them to
the Board in the same appearance and condition as when received.
5. During the term of this agreement, the carvings shall
not be removed from the East Martello Museum without the Board's
written consent.
6. At all times during the Society's business hours, the
Board or its designated representative shall have the right to
enter the Museum for the purpose of inspecting the carvings.
7. The Society shall obtain and maintain at all times
during the term of this agreement fire, flood, vandalism,
malicious mischief, burglary and theft insurance, naming the
Board as the beneficiary, in the amount of $10,000 per carving.
Evidence satisfactory to the Board that such insurance is in
effect shall be furnished to the Board within ten (10) days after
the effective date of this agreement. Not withstanding anything
contained in Paragraph 3 above, failure to provide such evidence
shall cause this agreement to be void and shall entitle the Board
to the immediate return of the carvings.
IN WITNESS WHEREOF, each party has caused this agreement to
be executed on the date indicated above.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
-. . ~
BY:~'~~~;;/~ ~
(SEAL)
Attest: DANNY L. XOWIAGE, Clerk
-/2.L. ~~~/l).~
KEY WEST ART & HISTORICAL
SOCIETY
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By
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