Untitled Page 19




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Lease and Agreement.

Whereas, the 11th day of November, 1885, Leland Stanford and Jane Lathrop
Stanford, his wife, by a Grant and founding and endowing the Leland Stanford Junior University, conveyed to certain Trustees therein named, among other things, that certain tract of land situated partly in the County of Santa Clara and partly in the County of San Mateo, in the State of California, and now commonly known and designed as the "Palo Alto Farm", which tract of land is more particularly described in Schedule "A" attached to say Grant and made a part thereof.

And Whereas, the Grantors named in said Grant did elect, in relation to the property thereby conveyed to said Trustees, and in relation to the erection, maintenance and management of the institution thereby founded, to perform during their lives all the duties and exercise all the powers and privileges which, by the terms of the said Grant, were enjoined upon and invested in the Trustees therein named and their successors.

And Whereas, by subdivision three of Article IV, of said Grant, one of the powers invested in said Trustees was to manage and control the Trust property, care for and improve the same.

AND Whereas, it is deemed advisable to lease certain portions of said premises conveyed as aforesaid.

Now, Therefore, this Lease and Agreement WITNESSETH: That Jane Lathrop Stanford, as Surviving Funder, in the performance of the duties and in the exercise of the powers and privileges aforesaid, and in the execution of the trust, in the place of the Trustees named in said Grant, party of the first part, for and in consideration of the covenants hereinafter expressed, and the rents reserved, does hereby demise and lease unto___________________________________________________________
the part_____of the second part, for and during the full term of ten (10) years from________________, 190_____, to-wit: from said dae to the__________day of
____________, 19_____, the following premises, to-wit:
Th____Certain lot ___or Parcel___of land situate on the lands known as the "Palo Alto Farm," and being now the grounds of said Unversity, in the County of Santa Clara, State of California, and more particularly described as follows:________________________________________________________________
To have and to hold the same to the said part___of the second part,_____________
heir, executors, administrators, successors and assigns, for and during the said term of ten years, or until the termination of this lease, as hereinafter provided.
The part_____of the second part covenants and agrees to pay to the party of the
first part, or the successors, at the office of the Treasurer and Business Manager of said University, the annual rent or sum of___________________________________
Dollars per annum, for the use and occupation of said premises; the first years's rent being

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