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<br />I <br /> <br />I <br /> <br />.. <br /> <br />SECTION 3: That the issuance of Series C Bonds by the <br />Central Texas Higher Education Authority, Inc. (in the principal <br />amount not to exceed $5,000,000) and the issuance of Series D <br />Bonds (in the principal amount not to exceed $25,000,000) for <br />the purpose of providing funds for the acquisition of student <br />loan notes which are guaranteed under the Higher Education <br />Act of 1965, as amended, is hereby approved and authorized. <br />It is understood the Series D may also refund the Series C <br />Bonds. <br /> <br />SECTION 4: In no event does the City agree to assume <br />any responsibility in connection with the administration of <br />this student loan program and the issuance and delivery of <br />bonds in connection therewith, it being understood these <br />responsibilities are being assumed by the Authority. <br /> <br />SECTION 5: This resolution shall be effective from and <br />after its adoption. <br /> <br />PASSED AND APPROVED, this the 22nd day of December <br />I <br /> <br />, 1980. <br /> <br />ATTEST: <br /> <br /> <br />':)~~~ <br />City Secreta , City of ' <br />San Marcos, Texas <br /> <br />