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<br />RESOLUTION NO. <br /> <br />85-095 <br /> <br />RESOLUTION APPROVING THE ISSUANCE OF THE <br />PARIS HEALTH FACILITIES DEVELOPMENT CORPORATION <br />HOSPITAL REVENUE AND REFUNDING BONDS <br />(MCCUISTION REGIONAL MEDICAL CENTER PROJECT) 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 and Refunding Bonds (McCuistion Regional Medical <br />Center Project) Series 1985 in a principal amount of not to <br />exceed $12,000,000, (the "Bonds"), the proceeds of which are <br />to be loaned to L. P. McCuistion Community Hospital, Inc. <br />D/B/A McCuistion Regional Medical Center; 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 />Bends 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 payment <br />of the Bonds. <br /> <br />Passed and adopted this 11th day of November, 1985. <br /> <br />~ CJ~ <br />G ~sner, Jr., Mayor <br /> <br />ATTEST: <br /> <br />~""--'n,:,, ~'"""'~~~) <br />Mattie Cunningham, ity Clerk <br /> <br /> <br />FORM: <br /> <br />