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<br />Mr. Knox W. ASkins,4Itsq. <br />May 18, 1988 <br />Page 2 <br /> <br />e <br /> <br />given by a Texas firm and accepted in the national securities <br />markets. The firm now has 40 employees, including l7 attorneys <br />practicing out of offices in Dallas, Austin, and San Antonio, with <br />expertise in all facets of public finance law. The firm is <br />equipped with state of the art clerical, reproduction, and <br />communication facilities. <br /> <br />Our philosophy also includes the concept of security. While <br />we must understand and anticipate the needs of our clients and <br />apply the most innovative and effective solutions to their <br />problems, we are not employed to gamble with a client's credit or <br />its resources. The market expects our unqualified opinion. We do <br />not render that opinion unless we have a sound legal basis to do <br />so. Our 69 year history in the industry and our national stature <br />are built upon the integrity of our opinions. The long term needs <br />of our clients are more important to the members of the firm than a <br />quick fee for a transaction of questionable legality. <br /> <br />Although the entire firm and its facilities are always <br />available to the City, M. Paul Martin of the San Antonio office <br />would be primarily responsible for the ci ty' s business. Kathy <br />Simpson of our San Antonio office, our most experienced paralegal, <br />would also be assigned to assist the attorneys representing the <br />city. In addition, Kenneth E. Iltz and Harold T. Flanagan, our two <br />tax partners based in Dallas, will be involved in and available to <br />the City on every transaction. Information relating to the firm's <br />tax department is provided later in this proposal. <br /> <br />Paul Martin has more than 20 years experience in representing <br />entities, including cities, as Bond Counsel. Although Mr. Martin <br />is based in San Antonio, he will be available to the City on call. <br />Mr. Martin practiced law in Houston for most of his career and is <br />very familiar with the unique concerns of the area. <br /> <br />As previously noted, two of our partners, Ken Iltz and Hal <br />Flanagan, specialize exclusively in federal tax matters, and each <br />has had extensive experience in the federal legislative and <br />regulatory process. Both are former attorneys in the Legislation <br />and Regulations Division, Office of Chief Counsel, Internal Revenue <br />Service in Washington, D.C., where they were responsible for <br />drafting provisions of the Internal Revenue Code and the Income Tax <br />Regulations that relate to tax-exempt bonds. During consideration <br />of the recently enacted federal tax reform act, both Mr. Iltz and <br />Mr. Flanagan represented many governmental units with respect to <br />provisions involving tax-exempt financing. Moreover, they continue <br />to be actively involved in representing the interest of cl ients <br />during drafting of regulations and interpreting those provisions. <br />