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<br />RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF LA PORTE <br />AREA WATER AUTHORITY CONTRACT REVENUE REFUNDING <br />BONDS, SERIES 2010; AND AUTHORIZING CERTAIN OTHER MATTERS <br />INCIDENTAL THERETO <br /> <br />WHEREAS, the La Porte Area Water Authority (herein referred to as the "Authority") <br />was organized pursuant to the provisions of Section 59 of Article XVI of the Constitution of the <br />State of Texas and by special act Chapter 729, page 2,678 et seq. of the 6ih Legislature of <br />Texas, Regular Session, 1981 (the "Act"), and operates under the Act and Chapters 49 and 54 of <br />the Texas Water Code, as amended; and <br /> <br />WHEREAS, the Act authorizes the Authority, with the approval of the City Council of <br />the City of La Porte, Texas (the "Authority"), to issue its revenue bonds, which bonds may be <br />secured by and payable from revenues received by the Authority pursuant to one or more <br />contracts; and <br /> <br />WHEREAS, the Board of Directors (the "Board') of the Authority has previously issued <br />and there remain outstanding its Contract Revenue Refunding Bonds, Series 1999 (the <br />"Refunded Bonds"); and <br /> <br />WHEREAS, the Authority is empowered by the Act and Chapter 1207, Texas <br />Government Code, as amended, to issue its refunding bonds and to deposit the proceeds from the <br />sale thereof, and any other available funds, directly with the paying agent for the Refunded <br />Bonds for the discharge and final payment thereof; now, therefore, <br /> <br />BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE LA PORTE AREA <br />WATER AUTHORITY THAT: <br /> <br />ARTICLE ONE <br /> <br />DEFINITIONS AND OTHER PROVISIONS <br />OF GENERAL APPLICATION <br /> <br />SECTION 1.1. Definitions. <br /> <br />For all purposes of this Resolution, except as otherwise expressly provided or unless the <br />context otherwise requires: <br /> <br />A. The terms defined in this Section have the meanings assigned to them in this <br />Section. If appropriate in the context of this Resolution, words of the singular number shall be <br />considered to include the plural, words of the plural number shall be considered to include the <br />singular, and words of the masculine, feminine or neuter gender shall be considered to include <br />the other genders. <br /> <br />B. All references in this Resolution to designated "Articles," "Sections," "Exhibits," <br />and other subdivisions are to the designated Articles, Sections, Exhibits, and other subdivisions <br />of this Resolution as originally passed and adopted. <br /> <br />HOU:3003369.1 <br />