Res 1979-081 - Laserfiche WebLink

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RESOLUTION NO.' 81 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING FORMATION OF SAN MARCOS HOUSING FINANCE CORPORATION; .:\AND DECLARING AN EMERGENCY. 146 WHEREAS, an application in writing seeking the incorporation of a housing finance corporation under the provisions of the "Texas Housing Finance Corporation Act" has been filed with the governing body of the City by at least three individuals, each of whom is a citizen of the State of Texas, of the age of 18 years or more and residents of the City, now, therefore; I BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. That, the governing body of the city has found and determined, and hereby finds and determines, that it is wise, expedient, necessary, or advisable that the corporation be formed. SECTION 2. That, the governing body of the City hereby approves the form of articles of incorporation proposed to be used in organizing the corporation, a copy of which is attached hereto as "Exhibit A", and hereby grants authority for the incorporation of the corporation. SECTION 3. That it is hereby officially found and determined: that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Resolution is adopted, such emergency being that the adoption of this Resolution is necessary for the incorporation of a housing finance corporation under the "Texas Housing Finance Corporation Act"; and that the proceeds from the issuance of such corporation's bonds are needed as soon as possible and without delay for necessary and urgently needed residential housing for persons of low and moderate income within the City, that said meeting was open to the public as required by law, and that public notice of the time, place, and purpose of said meeting was given as required by Vernon's Ann. Civ. St. Art. 6252-17, as amended. I SECTION 4. Ordinances and Resolutions in Conflict Repealed All Ordinances and Resolutions and parts thereof in conflict herewith are hereby expressly repealed insofar as they conflict herewith. SECTION 5. Emergency That this Resolution shall take effect immediately from and after its adoption in accordance with Section 3A(h) of the Texas Open Meetings Act, 6252-17. V.T.C.S., and it is accordingly so resolved. ADOPTED this 27th day of December A.D., 1979. I I jfa~lt/~u Doriss Hambrick city Secretary () 1/~ Hansen