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' , , t ~ <br />• <br />the purchase by the Authority of an interest therein, and to <br />the issuance of said bonds to provide for the payment of the <br />cost thereof; therefore, <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS OF LA <br />PORTE AREA WATER AUTHORITY: <br />Section 1: That the President and Secretary of <br />the Board of Directors of the Authority are hereby autho- <br />rized and directed to make application to the Texas Water <br />Commission (the "Commission") pursuant. to Section 54.516 of <br />the Texas Water Code, as amended, for an investigation and <br />report upon the feasibility of the District's purchasing an <br />undivided interest in the Southeast Plant (hereinafter <br />called the "Project") and to request the Commission to <br />approve the bonds of the Authority in the aggregate <br />principal amount of $5,000,000 to be issued for the purpose <br />of paying the cost thereof and for other proper purposes. <br />Section 2: That the Authority hereby assures the <br />Commission that the District will abide by the terms and <br />conditions prescribed by the Commission. <br />Section 3: That Authority's engineers are autho- <br />rized and directed to prepare an engineering report in such <br />form as may be required by the Commission and submit the <br />same to the Commission in support of such application and to <br />do any and all things necessary and proper in connection <br />therewith. <br />RG052AB/180B01 -2- <br />