HomeMy WebLinkAboutExhibit 21SPECIAL
RELEASE
KNOW ALL MEN BY THESE PRESENTS:
That CLEAR CHANNEL OUTDOOR, INC., a Delaware corporation registered
in Florida as CC OUTDOOR, INC., and flkla ELLER MEDIA COMPANY, successor in
interest to SHELTER ADVERTISING OF AMERICA, INC. (hereafter referred to as
"CLEAR CHANNEL" or the "first party"), for and in consideration of the sum of Ten
($10.00) Dollars, and other good and valuable consideration, received from or on behalf
of the CITY OF MIAINII, a municipal corporation of the State of Florida (hereafter
referred to as "CITY" or the "second party"), the receipt whereof is hereby
acknowledged,'
DOES HEREBY remise, release, acquit, satisfy and forever discharge the said
second party, its officers, directors, agents, shareholders, employees, insurers,
predecessors, successors, heirs and assigns of and from all, and all manner of action and
actions, cause and causes of action, suits, debts, dues, sums of money, accounts,
reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements,
promises, variances, trespasses, damages, judgments, executions, claims and demands
whatsoever, in law or in equity, which said first party ever had, now has, or which any
personal representative, successor, heir or assign of said first party, hereafter can, shall or
may have, against said second party, arising out of (i) the Bus Shelters Contract by and
between CLEAR CHANNEL and CITY dated January 29, 1989, as same may have been
amended or modified (the "Contract"), including without limitation CITY'S removal of
advertising after the expiration of the Contract, and (ii) the bus shelters located in the
City of Miami transferred by CLEAR CHANNEL to the CITY by Bill of Sale dated the
date hereof (the "Property"), except that CITY shall not. be released and CLEAR
CHANNEL reserves all claims, demands, actions and causes of action, liabilities and/or
obligations for contribution or indemnity, whether under the Contract, at law, or in
equity;'arising from the claims of third parties for property damage and/or personal injury
and (i) arising out of the Contract, whose cause of action accrued prior to the date of this
instrument, and (ii) arising out of the Property, whose cause of action accrued prior to or
after the date of this instrument.
Signed, sealed and delivered
In the presence of:
CLEAR CHANNEL OUTDOOR, INC.,
a Delaware corporation registered in
Florida as CC OUTDOOR, INC., and flk/a
ELLER MEDIA COMPANY
I Wherever used herein the terms "first party" and "second party" shall include singular and plural, heirs,
legal representatives, and assigns of individuals, and the successors and assigns of corporations, wherever
the context so admits or requires.
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Witness ("CLEAR CHANNEL" or the "first
party")
Witness By:
STATE OF
COUNTY OF
Laura C. Toncheff
Executive Vice -President
The foregoing instrument was acknowledged before me this day of June, 2004, by
Laura C. Toncheff, as Executive Vice -President of Clear Channel Outdoor, Inc., who is
( ) personally known to me or ( ) has produced as
identification.
Notary Public, State of
My commission expires:
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