Res 1999-052 - Laserfiche WebLink

Home Browse Search

March 2. 1999 Lessee: City of San Marcos, Texas 630 E. Hopkins San Marcos. TX 78666 Lessor: Associates Commercial Corporation 300 E. John Carpenter Freeway Irving. TX 75062 Re: Lease-Purchase Agreement );0. 31473 (the "Lease"') between the Lessee and the Lessor dated March 9. 1999 To whom it may concern: With respect to the Lease, it is my opinion that: 1. The Lessee is a political subdivision of the State of Texas (the "State") duly organized, existing and operating under the Constitution and laws of the State. 2. The Lessee has full power and authority under State law to enter into the Lease, and to perform all of its obligations thereunder. 3. The Lessee's City Manager has been duly authorized to execute and deliver the Lease. -l-. The Lease has been duly authorized. approwd and executed by and on behalfofthe Lessee. and upon execution by the Lessor, the Lease \\ill be a valid and binding contract of the Lessee enforceable in accordance with its terms, except to the extent limited by State and Federal laws affecting creditor's remedies and by bankruptcy, reorganization or other laws of general application relating to or affecting the enforcement of creditors' rights. 5. The authorization, approval and execution of the Lease and all other proceedings of the Lessee relating to the transactions contemplated thereby have been performed in accordance v,.ith all applicable Local, State and Federal laws (including open meeting laws and public procUrement and property acquisition laws). 6. To the best of my knowledge, there is no litigation or proceeding pending before any court. administrative agency or governmental body, that challenges: the organization or existence of the Lessee; the authority of its officers; the proper authorization, approval and execution of any of the Leases or any documents relating thereto; the appropriation of monies to make pa)ments under the City Hall · 6.30 East Hopkins · San ~1arcos. Texas i8666 · 512 353-4444 . FAX 512J96-~656