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<br />17 <br /> <br />RESOLUTION 1986-l32R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A LOAN AGREEMENT BETWEEN THE <br />CITY OF SAN MARCOS AND EMBER INDUSTRIES, INC.; <br />AUTHORIZING THE MAYOR TO ENTER INTO THE AGREEMENT AND <br />ESTABLISHING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of San Marcos will receive $147,000 from the <br />Texas Department of Community Affairs, part of which will be <br />loaned to Ember Industries, Inc.; and, <br /> <br />WHEREAS, the City of San Marcos and Ember Industries, Inc. desire <br />to enter into a loan agreement; now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY <br />TEXAS: <br /> <br />COUNCI L OF <br /> <br />THE <br /> <br />CITY OF <br /> <br />SAN <br /> <br />MARCOS, <br /> <br />PART 1. That the loan contract attached to this Resolution as <br />Exhibit "A" is made a part hereof and incorporated herein in its <br />entirety for all purposes and is hereby approved in all respects. <br /> <br />PART 2. That the <br />authorized to execute <br /> <br />Mayor of the City of San Marcos is hereby <br />the loan contract on behalf of said City. <br /> <br />PART 3. That this Resolution shall be in full force and effect <br />from and after its passage. <br /> <br />ADOPTED this <br /> <br />10 <br /> <br />day of ,J:iJO"(,~mber <br /> <br />, 1986. <br /> <br />Atte~. t: ¡j /~" J' <br />/ ' ¡ J/" <br />j' ~ j,{j <br />C/j' /hû<J.-'<',/}' ..! tfJr1~ <br />JaJls K. Womack <br />Ci ty Secretary <br /> <br />'\ \, <br />)\ <"I. ":'\. <br />4 '1 fftY\r'{y~' <br />!"'J. E. Younger <br />Mayor <br />