04-05-1984 Industrial Development Corporation Board of Directors Meeting

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ITY OF LA PORTS GSTRIAL DEVELOPMENT CORPC~ION Application for Financing Page 7 incidental expenses, costs and charges relating to the Project and the issuance of the Bonds not enumerated above. The Corporation will upon request provide or cause to be provided to the trustee under the indenture of trust and/or the Ap- plicant any data or information which may be reasonably re- quired to verify any of the costs and expenses and fees enumerated above. with respect to the costs, expenses and fees enumerated above, the Applicant shall at the Corpo- ration's request advance on a monthly basis the amounts in- curred by the Corporation pending reimbursement out of the' proceeds from the sale of the Bonds. To the extent that the costs, expenses and fees enumerated above are not or cannot be paid or reimbursed from the proceeds of the bonds or if bonds are not issued, the Applicant shall pay the same. In addition, at the time the Application is forwarded to the Texas Economic Development Commission, the Applicant will be required to pay to the Texas Economic Development Commission, on behalf of the Corpora- tion, a nonrefundable. filing fee in an amount not to exceed S1,500, as required by the Texas Economic Development Commission's Industrial Revenue Bond Program Rules. The undersigned verifies that foregoing application on behalf of information is true and correct to submitted on the day of he is duly authorized to the Applicant and. that th the best of his knowledge 19 submit the =oregoir.g and belief Applicant: BAYPORT JOINT ~, Walker L. Nichols, r ~ - Jam.