O-1993-1947 - Laserfiche WebLink

Browse Search

~ "il it,., /~ a " . . ~ ~ i .... . e " NOW, THEREFORE, on behalf of the Applicable Unit, the undersigned hereby: 1. approves the issuance by the Issuer of (a) Bonds in an aggregate principal amount not to exceed $30,000,000 and (b) Mortgage Credit. Certificates in .an aggregate amount not to exceed 25% of the amount of the Issuer's allocation for the issuance of single family mortgage revenue bonds not used for the Bonds, in each case with respect to housing located within the boundaries of the Applicable Unit; 2. represents that this approval is adopted for the purpose of satisfying the conditions and requirements of sections 25 and 147(f) of the Code; and 3. represents that this approval is not to be construed as (i) a representation or warranty by the state of Texas, the Applicable Unit, or any other political or municipal corporation or subdivision of the state of Texas, that the Bonds will be paid or that any obligations assumed by any of the parties concerned will in fact be performed;. (ii) a pledge of the faith and credit of or by the state of Texas, the Applicable unit or any other political or municipal corporation or subdivision of the state of Texas; or (iii).a representation or warranty concerning the validity of the corporate existence of the Issuer or the validity of the Bonds. Signature: ~,e,.,~ Printed Name: Norman L. Malone Office: I XI County Judge 1--1 Mayor Local Governmental unit: Date of Signature: 1--1 County of 1--/ City of November IS, 1993 La Porte, Texas AUMAIN01 Doc: 18934.1 Printed: 10-19-93 15:46 3