Res 1995-064 - Laserfiche WebLink

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7fJ (2) Trust Indenture, dated as of April 1, 1995 (the "Indenture"), among the Corporation and Boatmen's First National Bank of Kansas City, as trustee (the "Trustee"); (3) Bond Purchase Agreement, dated as of the date hereof (the "Purchase Agreement"), between the Corporation, the Borrower, and George K. Baum & Company (the "Underwriter"); and (4) Official Statement (the "Official Statement") relating to the Bonds. THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF CITY OF SAN MARCOS INDUSTRIAL DEVELOPMENT CORPORATION THAT: SECTION 1: Based solely upon the representations made to the Board of Directors (the "Board") and to the Texas Department of Commerce by the Borrower, it appears and the Board hereby finds that: (a) The Project is suitable for the promotion, development and expansion of manufacturing facilities; (b) The Project will have an impact of increasing employment within the Unit's boundaries; and (c) The Project is in furtherance of the public purposes of the Act. SECTION 2: The Board hereby approves the Loan Agreement In substantially the form and substance presented to the Board, and the President or any Vice President is hereby authorized and directed, for and on behalf of the Corporation, to execute the Loan Agreement, and the Secretary or any Assistant Secretary is authorized and directed, for and on behalf of the Corporation, to attest the Loan Agreement, and such officers are hereby authorized to deliver the Loan Agreement. Upon execution by the parties thereto and delivery thereof, the Loan Agreement shall be binding upon the Corporation in accordance with the terms and provisions thereof. SECTION 3: The Bonds in the aggregate principal amount of $6,250,OOÒ are authorized to be issued for the purpose of financing the costs of acquiring, improving, constructing, and equipping the Project. The Board hereby approves the Indenture in substantially the form and substance presented to the Board, and the President or any Vice President is authorized and directed, for and on behalf of the Corporation, to execute the Indenture, and the Secretary or any Assistant Secretary is hereby authorized to attest the Indenture on behalf of the Corporation, and such officers are hereby authorized to deliver the Indenture. . SECTION 4: The Board hereby approves the Purchase Agreement in substantially the form and substance presented to the Board, and the President or any Vice President is authorized and directed for and on behalf of the Corporation, to execute the Purchase Agreement, and such officers are hereby authorized to deliver the Purchase Agreement. 0141221 -2-