Res 1983-040 - Laserfiche WebLink

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statements. instruments and other papers. whether or not herein mentioned. as they may determine to be necessary or desirable in order to carry out the terms and provisions of this resolution and of the Bonds to be issued hereunder. as well as the terms and provisions of the Indenture. the Mortgage. the Letter of Representation and the Loan Agree.m.en t hereby authorized and approved, such determination to be conclusively evidenced by the performance of such acts and things and the execution of any such certificate. financing statement, instrument or other paper. 7. The officers of the Issuer (with the assistance of the User) shall prepare a final transcript of the proceedings relating to the authorization, issuance, sale and delivery of the Bonds. which transcript shall be submitted to the Commission within sixty (60) days after the Closing Date. 8. Based upon representations made by the User to the Board, the Board hereby affirmatively finds that: (a) the Project will have the effect of creating and stabi- lizing employment within the Unit; (b) the Project is required or suitable for the promotion of manufacturing development and expansion and for the industrial development and expansion of industrial facilities and is in furtherance of the public purposes of the Act; and (c) the Project will contribute to the economic growth or stability of the Unit by: (i) increasing or stabilizing employment opportunity; (ii) significantly increasing or stabilizing the property tax base; and (iii) promoting commerce within the Unit and the State of Texas. 10. This resolution shall take effect and be in full force and effect upon and after its passage. PASSED AND APPROVED this 23rd day of August. 1983. ------------------------------------------------------------------------ -4-