1982R10- BONDS FOR SOUTHWEST PRECAST, INC.
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RESOLUTION APPROVING AGREEMENT BY
SCHERTZ INDUSTRIAL DEVELOPMENT CORPORATION
TO ISSUE BONDS FOR SOUTHWEST PRECAST, INC.
WHEREAS, the board of directors (the "Board") of Schertz
Industrial Development Corporation has, by a Resolution Con-
cerning Issuance of Bonds to Finance a Project for Southwest
Precast, Inc. adopted October 5, 1982 (the "Resolution"),
agreed and declared its intent to issue its limited obligation
revenue bonds pursuant to the terms of the Development Corpo-
ration Act of 1979, Article 5190.6, .Vernon's Texas Civil
Statutes, as amended (the "Act") and such other statutes as
may provide authority therefor, to finance the costs of the
project and in the amount set forth in the Resolution for the
benefit of Southwest Precast, Inc.; and
WHEREAS, the City of Schertz, Texas finds and declares
that the action of the Board approving the Resolution should
be approved and is in the best interests of the inhabitants of
Guadalupe County, Texas for the reasons therein set forth;
NOW THEREFORE, BE IT RESOLVED BY THE CITY OF SCHERTZ,
TEXAS, THAT:
section 1: The Resolution, as adopted by the Board,
agreeing and declaring an intent to issue limited obligation
revenue bonds for the purposes and in the amount set forth in
the Resolution is hereby approved.
Section 2: This Resolution is adopted for the purpose of
satisfying the conditions and requirements of the Act and
Section 103 of the Internal Revenue Code of 1954, as amended,
and the regulations promulgated thereunder.
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PASSED AND APPROVED
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(SEAL)