Laserfiche WebLink
<br /> . <br /> . > <br /> " (f8~ <br /> ' <br /> POWER OF ATIORJ."ŒY <br /> AND <br /> RATIFICATION OF OFFICIAL ACTS <br /> Floyd Lackey & Sons, Inc., a Texas corporation, «<Corporation") created, organized and doing <br /> business lmder the laws of the State of Texas, having its principal place of business at 1214 I H 35 <br /> -~ South, San Marcos, Texas, and. acting by and through Robert J. Lackey, its lmdersigned, duly <br /> ! <br /> í authorized President, such authorization being evidenced by the attached Certified Corporate <br /> Resolution, hereby appoints Ruth Ann Hoch, who address is P. O. Box 72841, Corpus Christi, Texas <br /> 78472, as its true and lawful attorney in fact, with power and authorization to act for the Corporation <br /> and in its name, place and stead as hereinafter provided <br /> 1. Scope of Authority. <br /> (a) Sale of Elim Water Company, Inc_, Stock. The Corporation was the' owner of <br /> . <br /> Debenture No. 64, issued by Elim Water Company, Inc. ('~lim"), which debenture, with the consent of <br /> the Corporation, was converted to one share of Elim common corporate stock on or about September <br /> 25, 1996, and said share of stock being free and clear of any encumbrances or liens and constitutes the <br /> only interest in Elim owned, possessed or controlled by the Corporation. The above named attorney in <br /> I fact is hereby given and granted full and exclusive pow~ and authority to hold, sell, transfer and convey <br /> I <br /> , <br /> on behalf of the Corporation said share of the capital stock of Elim, together with any and all other <br /> interests in Elim owned or controlled or both by the Corporation to the City of San Marcos, Texas <br /> - «<City"), to such not for profit entity or entities as the City may designate, or a combination of the City <br /> and anyone or more of such entities, for a price of $4,250.00, with full power and authority to enter into <br /> any contract or contracts for the sale of such share of stock to the City and/or such m1J11Ìcipal <br /> designee(s) as said attorney in fact shall in her discretion elect, to deliver possession and ownership of <br /> such share of stock, to execute, acknowledge and deliver in the name of the Corporation such <br /> 1 <br />