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<br />137 <br /> <br />CITY OF SAN MARCOS <br /> <br />Office of the <br />Mayor <br /> <br />CERTIFICATE OF APPROVAL <br />for Issuance of Tax-Exempt Mortgage Revenue Bonds <br /> <br />I, J.E. Younger, Mayor of the City of San Marcos, Texas <br />make this certificate solely to satisfy the requirements of <br />section 147(f) of the Internal Revenue Code of 1986, as <br />amended, with respect to the proposed issuance of tax-exempt <br />mortgage revenue bonds by the Capital Area Housing Finance <br />Corporation in a total principal amount of not to exceed <br />$21,000,000 to establish a program to provide mortgage loans <br />to persons of low and moderate income, as more particularly <br />described in the attached Notice of Public Hearing. <br /> <br />Based on the information provided me by the Capital <br />Area Housing Finance Corporation, I approve the issuance of <br />the mortgage revenue bonds in the amount and for the purposes <br />so described. <br /> <br />This approval is not: (1) a warranty by the City of San <br />Marcos, Texas, the Mayor of San Marcos, Texas, the State af <br />Texas, or any agency, political subdivision, or instrumental- <br />ity of the State of Texas that the bonds will be paid or that <br />any of the obligations assumed in connection with issuance af <br />the bonds will in fact be performed; (2) a pledge o£ the <br />faith and credit of the State of Texas or of any agency, <br />political subdivision, or instrumentality of the State of <br />Texas; or (3) a warranty of the validity of the corporate <br />existence of the bond issuer or of the bonds themselves. <br /> <br />IN WITNESS WHEREOF, I have officially signed my name <br />and caused the seal of my office to be impressed hereon in <br />San Marcos, Hays County, Texas, on November 10, 1987 <br /> <br />[Seal] <br /> <br /> <br />J. . Younger, Mayor <br />y of San Marcos, Texas <br /> <br />city hall' 630 e, hopkins . san marcos, texas' 78666 . 512/353-4444 <br />