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<br /> RLSOLUTIOH No. 1983-33R <br /> RESOLUTION OF THE CITY COUNCIL APPROVING <br /> THE EXECUTION AND DELIVERY OF A <br /> FIRST SUPPLEMENTAL INDENTURE <br /> BY THE CITY OF SAN MARCOS INDUSTRIAL DEVELOPMENT CORPORATION <br /> WITH RESPECT TO BONDS ISSUED TO FINANCE A PROJECT FOR <br /> STEWART & STEVENSON SERVICES, INC. <br /> WHEREAS, by resolution the City Council (the "Governing Body") of <br /> the City of San Marcos, Texas (the "Unit"), authorized and approved the <br /> creation of the City of San Marcos Industrial Development Corporation <br /> (the "Corporation") as a nonprofit industrial development corporation <br /> under the provisions of the Development Corporation Act of 1979, Article <br /> 5190.6, Vernon's Annotated Texas Civil Statutes, as amended (the "Act"); <br /> and <br /> WHEREAS, the Board of Directors of the Corporation adopted a reso- <br /> lution on April 22, 1980, pursuant to which the Corporation issued and <br /> sold its Industrial Development Revenue Bonds, Series 1980 (Stewart & <br /> Stevenson Services, Inc., Project) (the "Bonds"), pursuant to the terms <br /> and provisions of a Trust Indenture, dated as of April 1, 1980 (the <br /> "Original Indenture"), between the Corporation and Texas Commerce Bank <br /> National Association, as Trustee (the "Trustee"), which resolution was <br /> approved by resolution of the Governing Body adopted on April 21, 1980; <br /> and <br /> WHEREAS, at the request of Stewart & Stevenson Services, Inc. (the <br /> "User"), the Corporation now desires to authorize the execution and <br /> delivery of a first supplemental trust indenture, dated as of ~pril 1, <br /> 1983 (the "First Supplemental Indenture"), between the Corporation and <br /> the Trustee, which would amend the Original Indenture to provide for <br /> redemption of a portion of the Bonds prior to maturity with excess <br /> Original Proceeds (as defined in the Original Indenture), by adopting a <br /> resolution substantially in the form attached hereto as Exhibit "A" (the <br /> "Resolution"); <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> SAN MARCOS, TEXAS, THAT: <br /> The Resolution of the Corporation providing for the execution and <br /> delivery of the First Supplemental Indenture, substantially in the form <br /> attached hereto as Exhibit "A", is hereby approved. <br /> PASSED AND APPROVED this 13th day of June, 1983. <br /> ----------------------------------------------------------------------- <br />