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RESOLUTION N0. 83-,Afi~ <br />kESOLUTION <br />APPROVITIG TI-IE ISSUANCE OF THE PARIS HEALTH FACILITIES <br />DEVELCFNIENT CORPORATION FEVENUE BONDS, SERIES 1983 <br />(McCUISTION RECIONAL MEDICAL CENTER PFOJECT) <br />IN THE PRINCIPAL M-IOliNT OF $1,750,000 <br />WHEREAS, the City of Paris, Texas, approved the <br />creation of the Paris Health Facilities Development <br />Corporation pursuant to Article 1528j, V.A.T.C.S., as <br />amended; and <br />WHEREAS, the Paris F3ealth Facilities Development <br />Corporation (the "Issuer") intends to issue its Revenue <br />Bonds, Series 1983 (McCuistion Regional Medical Center <br />Project) in the principal amount of $1,750,000 (the <br />"Bonds"), the proceeds of which are to be loa.ned to L. P. <br />NlcCuistion Community Hospital, Inc. D/B/A McCuistion <br />Regional Medical Center; <br />and <br />P7hereas, 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 />NOW THEREFORE, BE I'I' RESOLVED BY THE CITY COUNCIL OF <br />TIIE C ITY OF PAP,I S, TEXAS : <br />That in order ta fulfill the requirements of Section <br />2.01(c) of the Bylaws of the Tssuer, the issuance of the <br />Bands by the Issuer is hereby approved and the City of <br />Paris, mexas sha11 have no li.ability for the payment of the <br />Bonds no.r shall any of its assets be pledged to the paymer.t <br />of the Bonds. Passed and adopted this 19th day of September, 1983. <br />(J,A-~IA lQ47"O <br />e ra am, . ayor <br />ATTEST; <br />F. C, r e, City CMr1F <br />APP OVED 0 FORI\1: <br />G~~-- <br />, , nes, ity ttorney <br />