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<br />I <br /> <br />I <br /> <br />I <br /> <br />, ~ <br />. ~ , <br />-, <br /> <br />'" . <br /> <br />SECTIO!'L.:.: That inllllt:~didt~ly followint; th~ dJoption of this <br />Resolution, the ex.'cution of the MelllorandulCl of Agr~ement by the <br />Company and the ObL.lining of the approval of such Agreement by the <br />City Council of th~ City of ~tL~1A1U'O'~ ____' Tex.:Js. the Company may <br />proceed with th~ dcquisitioLl. construction and illlprovt;:ment of the <br />Project. i.n wllole or in part. and such costs or l:Xpens~s incurred <br />shall be de~lOed to be, and incluJed as. a part of the costs of ac- <br />quiring. constructing dnd improving the Project to be financed by <br />the issuance of the Bonds of the Corporation and covered by this <br />commitment:. <br /> <br /> <br />day oJI.AAu-" <br />/ / /&t!ti / <br />-Pr'; ldent. Boar <br /> <br />, 1980. <br /> <br />PASSED AND APPROVED, this the J 9 <br /> <br /> <br />SecretarY;-Board orlDirectors <br />