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<br />RESOLUTION NO. 8S-106 <br /> <br />RESOLUTION APPROVING THE ISSUANCE BY THE <br />PARIS HEALTH FACILITIES DEVELOPMENT CORPORATION <br />OF REVENUE BONDS FOR <br />(L. P. McCUISTION SANITARIUM FOUNDATION PROJECT) <br />SERIES 1985 <br /> <br />WHEREAS, <br />creation of <br />Corporation <br />amended; and <br /> <br />the City <br />the Paris <br />pursuant to <br /> <br />of Paris, <br />Health <br />Article <br /> <br />Texas, approved the <br />Facilities Development <br />1528j, V.A.T.C.S., as <br /> <br />WHEREAS, the Paris Health Facilities Development <br />Corporation (the "Issuer") intends to issue its Hospital <br />Revenue Bonds (L. P. McCuistion Sanitarium Foundation <br />Project) Series 1985 in a principal amount of not to exceed <br />$1,200,000, (the "Bonds"), the proceeds of which are to be <br />loaned to L. P. McCuistion Sanitarium Foundation for the <br />constructing of "health facilities"; and <br /> <br />WHEREAS, Section 2.01 (c) of the Bylaws of the Issuer <br />provides that if the City of Paris, Texas does not approve <br />the issuance of bonds, then bonds shall not be issued by the <br />Issuer. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />THE CITY OF PARIS. TEXAS: <br /> <br />That in order to fulfill the requirements of section <br />2.01 (c) of the Bylaws of the Issuer, the issuance of the <br />Bonds by the Issuer is hereby approved and the City of <br />Paris, Texas shall have no liability for the payment of the <br />Bonds nor shall any of its assets be pledged to the pa}ment <br />of the Bonds. <br /> <br />Passed and adopted this 9th day of December, 1985. <br /> <br />~~iZ~yor <br /> <br />ATTEST: <br /> <br />~. <br />~~\...~"'''''"......~ ~) <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED <br /> <br />FORM: <br /> <br /> <br />ity Attorney <br />