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113 RESOLUTION NO. 1981-73R RESOLUTION APPROVING AGREEMENT BY CITY OF SAN MARCOS INDUSTRIAL DEVELOPMENT CORPORATION TO ISSUE BONDS FOR ESQUIRE, INC. THE STATE OF TEXAS COUNTY OF HAYS WHEREAS, the board of directors (the "Board") of the City of San Marcos Industrial Development Corporation has, by a Resolution Taking Affirmative Action Toward the Issuance of Bonds to Provide Facilities for Esquire, Inc.; Prescribing the Form and Substance of an Agreement to Issue Bonds; Authorizing the Execution of Such Agreement; and Containing Other Provisions Relating to the Subject adopted October 19, 1981 (the "Resolution"), agreed and declared its intent to issue its limited obligation revenue bonds pur- suant to the terms of the Development Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statutes, as amended (the "Act") and such other statutes as may provide authority therefor, to finance the costs of the project and in the amount set forth in the Resolution for the benefit of Esquire, Inc., a Delaware corporation doing business in the State of Texas as Wide-Lite Corp.; and WHEREAS, the City Council of the City of San Marcos, Texas finds and declares that the action of the Board approving the Resolution should be approved and is in the best interests of the inhabitants of San Marcos, Texas for the reasons therein set forth; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, THAT: Section 1: The Resolution, as adopted by the Board, agreeing and declaring an intent to issue limited obligation revenue bonds for the purposes and in the amount set forth in the Resolution is hereby approved. Section 2: This Resolution is adopted for the purpose of satisfying the conditions and requirements of the Act and Section 103 of the Internal Revenue Code of 1954, as amended, and the regulations promulgated thereunder. Mayor/ C-y o_ an Marcos,Texas A EST: Pro-Tem ty Secretary, City o an Marcos, Texas (City Seal)