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194 Regular Meeting August 10, 1987 Page 5 BE IT ORDERED to BE IT ORDAINED and Mr. Brown seconded the motion, which passed unanimously. Mr. Farr then moved to adopt the Ordinance on emergency as amended and Ms. Kissler seconded the motion, which passed unanimously. The Council then moved to Item 17 on the Agenda, to hold a portion of the Executive Session as follows. Mr. Brown moved the Council adjourn into Executive Session pursuant to Article 6252-17, §2(e), V.A.C.S., to discuss matters where the duties of the City Attorney to the City pursuant to the Code of Professional Responsibility of the State Bar of Texas clearly conflicts with Article 6252-17, and Ms. Kissler seconded the motion, which passed unanimously (8:27 p.m.) Mr. Hernandez moved the Council reconvene at 9:21 p.m. and Mr. Brown seconded the motion, which passed unanimously. The Council then moved to Item 18 on the agenda. Mayor Younger intro- duced for consideration adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN ~ffiRCOS, TEXAS, RELATING TO THE ISSUANCE OF BONDS BY THE CENTRAL TEXAS HIGHER EDUCATION AUTHORITY, INC.; APPROVING THE ISSUANCE OF SUCH BONDS AND THE USE OF THE PROCEEDS OF SUCH BONDS; AND MAKING CERTAIN FIND- INGS IN CONNECTION THEREWITH. Mr. Guerra moved to deny adoption of the Resolution and Ms. Kissler seconded the motion, which passed unanimously. It was consensus of Council to direct Staff to prepare the following for the Council's action on the August 24, 1987 Council Meeting: 1. Adopt a Resolution that provides that (a) the City Council will not approve the issuance of qualified student loan bonds as defined under Section 144 of the Internal Revenue Code of 1986, as amended and (b) the City has terminated its student loan program; 2. Direct the Board of Directors of CTHEA to amend their articles of incorporation and bylaws to provide for the disposition of CTHEA income as it was provided for prior to the 1987 amendments; and 3. Direct the Board of Directors of CTHEA to prepare and submit, after review by the City Council, a private let- ter ruling request regarding the disposition of the income of CTHEA. The Council then returned to Item 9.A. on the agenda. Mayor Younger introduced for consideration approval of an Ordinance on first read- ing, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING CHAPTER 13-l/2 OF THE CODE OF ORDINANCES OF SAID CITY BY REPEALING OBSOLETE SECTIONS l3~1/2-3, 13-1/2-4,13-1/2-5, 13-1/2-6 OF SAID CODE AND DECLARING AN EFFECTIVE DATE. Mr. Guerra moved for approval of the Ordinance on first reading and Ms. Kissler seconded the motion. Mr. Hankins read the following language into the record for amendment: in SECTION 1. at the end of the sentence change the period after repealed to a coma, and the following new Section 13-1/2-3 is adopted: