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January 27, 1961, and said Lease dated January 27, 1961, <br />and is now the Lessor under said Lease and the owner of <br />the property, real and personal, which is subject to said'`"O <br />Lease (a copy of said Agreement and Lease being on file <br />` with the City Clerk and to which reference is made for <br />the terms and provisions thereof); and <br />WHEREAS, White -Rodgers Company, the Lessee of said <br />Lease, has entered into a Plan and Agreement of Reorgani- <br />zation dated as of December 15, 1961, with The Emerson <br />Electric Manufacturing Company, a Missouri corporation <br />(hereinafter sometimes referred to as "Emerson") and pur- <br />suant thereto said White -Rodgers Company proposes to as- <br />sign, transfer and set over to Emerson all of its right, <br />title and interest as the Lessee under said Lease and <br />Emerson proposes to assume all of the obligations and <br />duties of the Lessee under said Lease and White -Rodgers <br />proposes to assign to The Emerson Electric Manufacturing <br />Company its rights to further performance by the City <br />under the terms of said Agreement dated January 27, <br />1961; and <br />WHEREAS, in implementation of said Plan and Agree- <br />ment of Reorganization the City has been requested to <br />enter into an instrument having as one of its principal <br />purposes the effecting of an amendment of and supplement <br />to said Lease to substitute Emerson as the Lessee under <br />said Lease in the place and stead of White -Rodgers Com- <br />pany and to release White -Rodgers Company from further <br />liability under said Lease upon the assumption by Emerson <br />of the obligations and duties of the Lessee thereunder; <br />and <br />-2- <br />