Res 1997-159 - Laserfiche WebLink

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GENERAL AND NO-LIGATION CERTIFICATE OF GOVERNING BODY I, the Mayor of the City of San Marcos, Texas (the "Unit"), make this certification for the benefit of all persons interested in the issuance by the Capital Area Housing Finance Corporation (the "Issuer") of not to exceed $6,825,000 Single-Family Mortgage Revenue Refunding Bonds (GNMA and FNMA Mortgage-Backed Securities Program), Series 1997 (the "Bonds"). I hereby certify on behalf of the City Council (the "Governing Body") of the Unit that: 1. As of all dates on which the Board of Directors of the Issuer considered or took action with respect to the Bonds, and at all times since, Fred Markham was the Unit's appointee to the Board of Directors of the Issuer and is a resident of the Unit. 2. The Governing Body of the unit has not created any other corporation with power to make home mortgages or to make loans to lending institutions, the proceeds of which are to be used to make home mortgages or to make loans on residential developments. 3. The Governing Body approved the Issuer's Articles of Incorporation on October 12, 1981. The Articles of Incorporation have not been amended. 4. The Governing Body has not amended the Issuer's Articles of Incorporation to change the structure, organization, programs, or activities of the Issuer, including the power to terminate the Issuer, nor has the Governing Body dissolved the Issuer. The Governing Body has not taken any action whatsoever to limit the effectiveness of the Bond Resolution or affect the Bond transaction. 5. No litigation is pending, or to my knowledge threatened, in any court in any way affecting the existence of the Issuer or seeking to restrain or to enjoin the issuance, sale, or delivery of the Bonds, or in any way contesting or affecting the validity or enforceability of the Bonds or the financing documents to which the Issuer is