Res 1986-095B - Laserfiche WebLink

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(f) Except as set forth in the most recent financial reports made by the independent Certified Public Accountants of LCRA (copies of which have previously been provided to CITY) and as otherwise made known to CITY in writing prior to the Closing, there are no actions, suits, inquiries or proceedings pending or to the knowledge of officials of LCRA, threatened against or affecting LCRA before any court or administrative body or agency which might materially adversely affect LCRA's proposal, approval or adoption of the resolution authorizing, or the execution, delivery or performance by LCRA of this Agreement or the agreements attached as Exhibits l4A, 14B, 15A and 15B attached to this Agreement. (g) LCRA has no knowledge and will certify at Closing that it has no knowledge of any material defects in the materials, equipment or Property to be purchased by CITY from LCRA or of any lien or other claims against such material, equipment or Property to be purchased by CITY from LCRA which will not be released at the time of Closing. 10.02 CITY represents and warrants as follows: (a) CITY is a municipal corporation, duly organized and validly existing under the laws of the State of Texas and has the requisite power and authority to propose, approve and adopt the necessary ordinances authorizing an election by the citizens of the City of San Marcos, authorizing the Officers of CITY to purchase and finance the purchase of the Property described in this Agreement and the execution of this Agreement and the 22.