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<br /> \ <br /> ;}5/t <br /> Section 2: The City of San Marcos, Texas, acting by and through its City <br /> Council, officially finds, determines, and declares that it is in the public interest and to <br /> the benefit of the residents of the City and the citizens of the State of Texas that the <br /> Issuer issue its limited obligation revenue bonds (the "Bonds") and loan the proceeds <br /> thereof to the Borrower to refinance certain outstanding obligations of the Borrower <br /> relating to a health facility now known as the Central Texas Medical Center which is <br /> located at 1301 Wonder World Drive, San Marcos, Texas 78666, which health care <br /> facility is a 109-bed acute care hospital facility, to reimburse the Borrower for the cost <br /> - of acquiring, improving, remodeling, and equipping such health care facility, and to <br /> finance the cost of acquiring, improving, remodeling, and equipping such health care <br /> facility, which financing is hereby found to be required, necessary, and convenient for <br /> health care, research, and education within this State. <br /> Section 3: The City of San Marcos, Texas acting by and through its City <br /> Council, hereby consents to the issuance of the Bonds in the maximum aggregate <br /> principal amount not to exceed $250,000,000 by the Issuer, upon such terms as the <br /> Issuer deems appropriate and approves. <br /> Section 4: This approval is not to be construed as an undertaking by the City; <br /> and the Bonds shall never constitute an indebtedness or pledge of the City within the' <br /> meaning of any constitutional or statutory provision, and the owners of the Bonds shall: <br /> never be paid in whole or in part out of any funds raised or to be raised by taxation or' <br /> any other revenues of the City. < <br /> Section 5: The Mayor and City Secretary of the City and each City Council <br /> member are hereby authorized, jointly and severally,. to execute and deliver such <br /> endorsements, instruments, certificates, documents, or papers necessary and advisable <br /> to carry out the intent and purposes of this Resolution. <br /> Section 6: This Resolution shall take effect immediately from and after its <br /> adoption. <br /> - <br /> PASSED AND APPROVED December 16 ,1996. <br /> <br /> CITY OF SAN MARCOS, TEXAS <br /> ~~~.~ <br /> ~ , <br /> \) <br /> ATTEST: & <br /> ctM1' 1~J <br /> <br /> [SEAL] <br /> 022'1257 -2- <br />