R-1981-18 - Laserfiche WebLink

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"'~~'.-';"~ .'l'~:;f'Z:~~~':"~'\1.:~.~~~2"~~1'!:~!~~~~i:!i:~.il?;j[(~~~~~t'I~~~~r;>\~'~;""'~<"!'~~!'~"".-I~~.{ti~~'"':,":'~" ""',:;; - ,~:,'~....~ ~'!'~~,""':t~~:~:":"'~' .' , . . ~. . . '.. e I . ~~~r.~~~~~:~I~~~~4:~~.~~~~~~~~~~~:~.tf.l~~:~~~~~~E~~~~:;ij~~;.~:~'~~,~!~.*~~.;:~~~.:.~~.~{~~:~~~~..~~.~.4;:':a:~r~;?"+~~~:/.i.,~.~.~ .. '. ... ~ . .' . . ". " .. . ~ ..' . I". . ...... ... . .. . ..:". I.. 0". ".' .. _, .: .:..'~ ,""..~:. .':-: ":.~. . ". ...::.:..... .I~.~.~....~.:~..... ...... ..~.-...~.' ............ ".-'" 'II :.:" . ":.....\:. .'. ~'..: :....'..: 't.;' . ."1. ,. 1II~ _. -- RESOLUTION NO. 81 /R RESOLUTION DECLARING THE WISDOM, EXPEDIENCY, NECESSITY AND ADVISABILITY FOR THE FORMATION OF THE SOUTH EAST TEXAS HOUSING FINANCE CORPORATION; CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT: AND DECLARING AN EMERGENCY WHEREAS, as hereinafter recited, it has been proposed that "The South East Texas Housing Finance Corporation" be formed to _ serve those litical subdivisions 'oini.n with the City of Ia. Porte to_ form the _ Southeast Texas Housinq Finance Corporation the I Area of operatIons ") : WHEREAS, the Texas Housing Finance Corporations Act, Article 1269 1-7, Vernon I s Texas Civil Statutes, as amended authorizes cities and/or counties to jointly create and utilize public nonprofit housing finance corporations for the purpose of provid- ing a means of financing the cost of residential ownership and development that will provide decent, safe and sanitary housing for residents of the }~rea of Operations: WHEREAS, pursuant to the provisions of the Act, three or more residents of each of the sponsoring political subdivisions (the "Incorporators"), each being a citizen of the State of Texas, of the age of 18 years or more, have made application in writing to the City Council of the City (the "City Council") seeking the incorporation under the Act of a public nonprofit housing finance corporation to be called "The South East Tex'as Housing Financ~ Corporation" (the "Corporation") with authority to carry out th.e public purposes for which it is incorporated, to exercise the powers with which it is invested by the Act and its Articles of Incorporation, including the power to issue its obligations to _accomplish such public purposes and powers, as a public instru- mentality and nonprofit corporation to exist and act on behalf of, and for the benefit of, the general public, its sponsoring political subdivisions and the State of Texas, and have attached to such application the form of Articles of Incorporation to be used to organize the Corporation for approv~l by the City Council together with such application: and WHEREAS, the Act provides that the Corporation may not be formed unless such application and such Articles of Incorporation shall have been first filed with the City Council and the City Council shall have by appropriate resolution duly adopted (1) found and determined that it is wise, expedient, necessary and advisable that the Corporation be formed and (2) approved the form of the Articles of Incorporation to be used in organizing the Corporation; and .'