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383
<br />
<br /> WHEREAS, in keeping with the purposes for which the legislature enacted the
<br /> Development Corporation Act of 1979 and the purposes for which the voters of the City of Paris
<br /> established the Paris Economic Development Corporation, it is deemed appropriate that an
<br /> incentive agreement be entered into with Turner International Piping Systems, Inc.; and,
<br />
<br /> WHEREAS, the form of the Incentive Agreement, attached hereto as Exhibit A, should,
<br /> in all things, be approved, and the President, Michael R. Rhodes, should be authorized to execute
<br /> the same; NOW, THEREFORE,
<br />
<br /> BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT
<br /> CORPORATION, that the form of the Incentive Agreement with Turner International Piping
<br /> Systems, Inc., attached hereto as Exhibit A, be, and the same is hereby, approved; and,
<br />
<br /> BE IT FURTHER RESOLVED, that the President, Michael R. Rhodes, be, and he is
<br /> hereby, authorized and directed to execute, on behalf of the Paris Economic Development
<br /> Corporation, the Incentive Agreement, under the terms and conditions and in the form shown in
<br /> Exhibit A, attached hereto.
<br />
<br /> PASSED AND ADOPTED this 21st day of October, 1998.
<br />
<br /> Michael Rhodes, President
<br />
<br /> ATTEST:
<br />
<br /> Melba Harris, Secretary-Treasurer
<br />
<br /> APPROVED AS TO FORM:
<br />
<br /> Scott Foster, City Attorney
<br />
<br /> INCENTIVE AGREEMENT
<br />
<br /> STATE OF TEXAS
<br /> KNOW ALL MEN BY THESE PRESENTS:
<br /> COUNTY OF LAMAR
<br />
<br /> THAT, the PARIS ECONOMIC DEVELOPMENT CORPORATION, a Texas
<br /> corporation, acting by and through its President, Michael R. Rhodes, duly authorized by resolution
<br /> of the Board of Directors, hereinafter called PEDC, and TURNER INTERNATIONAL PIPING
<br /> SYSTEMS, INC., acting by and through its President, David L. Chapman, duly authorized,
<br /> hereinafter called TIPS, do hereby contract and agree as follows:
<br />
<br />
<br />
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