Res 1997-016 - Laserfiche WebLink

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" >' < (P fOf <. \- CERTIFIED CORPORATE RESOLUTION L the undersigned Secretaryrrreasurer of Floyd Lackey & Sons> Inc.> a Texas corporation, hereby certifY that the following is a true> full and correct copy of a resolution duly adopted by the Board of Directors of said corporation on January Z. Î > 1997. "'BE IT RESOLVED> that 1) The conversion of Debenture No. 64 of Elim Water Company> Inc. -~- . (Elim» owned by Floyd Lackey and Sons. Inc.> a Texas corporation (the «Corporation»» to one share of Elim common stock on or about September 25> 1996 is hereby consented to> approved, rati:fi.ed and confirmed; 2) Due to the misplacement or loss by Corporation of Debenture No. 64 of. (CCElim»» and the necessity for Elim to have that Debenture No. 64 so that Elim -can send to Corporation the certificate evidencing Corporation> s ownership of the one (1) share of Elim common stock, the execution by Robert J. Lackey> President, on behalf of the Corporation of a Certification of Lost Debenture with corresponding certification that should Debenture No. 64 be located, then this Debenture No. 64 shall be forevermore deemed to be null and void, is hereby consented to> approved, rati:fi.ed and confirmed; . 3) The execution by Robert J. Lackey> President, on behalf of the Corporation, of an exclusive Power of Attorney to hold, sell. convey and transfer all shares of capital stock and all other interests, if any> held by the Corporation in said Elim to the City of San Marcos or its designee. for Four Thousand Two Hundred Fifty Dollars ($4>250.00) and the authorization of such attorney in fact to take such further and other actions on behalf of the Corporation as the said attorney in fact to take such further and other actions on behalf of the Corporation as the said attorney in fact may determine to be necessary or convenient to the accomplishment of the conveyance of said stock to the City of San Marcos> including> put not limited to> the execution of a hold harmless and indemnification agreement on behalf of the Corporation to protect third parties acting pursuant to such Power of Attorney> is hereby approved, rati:fi.ed and confirmed; 4) Corporation acknowledges that the aforesaid attorney in fact may convey her mV'D. interests in said Elim at a price per share of $8500.00 without compromise to Corporation>s interests. 5) Subject to the Corporation>s receipt of the proceeds of the above authorized sale of stock and other interests in Elim owned by the Corporation, any and all acts done by prior and/or present officers of Elim on behalf of Elim are hereby ratified. (Continued on Page 2)