R-1986-19 - Laserfiche WebLink

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e e WHEREAS, the Board unders tands that Goldman, Sachs & Co., as underwriter (the "Underwriter") has previously distributed a preliminary official statement and intends to distribute an official statement in connection with the offering and sale of the Bonds; and WHEREAS, in connection with the preparation of such preliminary official statement and such official statement, the Issuer has furnished the information to the Underwriter concerning itself under the caption "THE ISSUER" and the Board now desires to ratify the use of such infor- mation in such preliminary official statement and to authorize the use of such information in such official statement; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BRAZOS HARBOR INDUSTRIAL DEVELOPMENT CORPORATION THAT: 1. The Board hereby finds, determines, recites and declares that the Issuer held a public hearing with respect to the Bonds and the Project on this date; that notice of such public hearing was published no less than 14 days before this date in a newspaper of general circula- tion available to residents within the District; that such notice included the date, time and place of the public hearing, the location, general nature and the initial owner, operator or manager of the Project and the maximum aggregate principal amount of the Bonds; and that all comments from interested persons were taken at such public hearing. The Board hereby directs that information with respect to the public hearing be provided to the Governing Body of the District prior to their consid- eration of adoption of a resolution approving the Bonds and the Project. 2. The Board hereby directs that the Allocation Request with respect to the Bonds be filed with the Commission on or about July 21, 1986 and hereby finds and determines that the principal amount of the Bonds authorized by this resolution is equal to at least 90% of the principal amount of the Bonds set forth in the Allocation Request. 3. The Issuer hereby authorizes and directs the issuance of the Bonds in the maximum aggregate principal amount of $17,500,000, in accordance with a trust indenture substantially in the form of the Trust Indenture, dated as of July 15, 1986 (the "Indenture"), by and between the Issuer and Michigan National Bank, as trustee (the "Trustee"), a copy of which was presented to the Board, the form, terms and provisions of such Indenture and the Bonds being hereby authorized and approved, and the President and any Vice President of the Issuer are hereby severally authorized and directed to execute and deliver such Indenture and the Bonds on behalf of the Issuer, and the Secretary of the Issuer is hereby authorized to attest and affix the Issuer's seal thereto, with such changes therein as the officers executing the same may approve, such approval to be conclusively evidenced by such execution thereof. B-4