Laserfiche WebLink
The limited power of attorney afforded the CITY by the terms and provisions of this <br />Agreement is to be construed and interpreted as a limited power of attorney relating only to the <br />transactions and purposes set forth herein. As to any Taxing Entity, this Agreement and <br />accompanying power of attorney may be revoked as to said Taxing Entity voluntarily by providing <br />thirty (30) days advance notice to the other parties hereto, followed by written revocation entered <br />of record in the offices of the County Clerk of Lamar County, Texas. <br />VII. <br />The CITY shall not be obligated to furnish bond or other certificate and shall not be entitled <br />to compensation for the services rendered herein. <br />VIII. <br />The Taxing Entities do, by execution of this Agreement, hereby ratify and confirm all that <br />CITY shall lawfully do or cause to be done by virtue of this Agreement, the accompanying limited <br />power of attorney, and the CITY's programs and the rights and powers granted herein and all actions <br />necessary to complete any transaction pursuant to this Agreement. <br />IX. <br />Each individual executing this Agreement on behalf of any Taxing Entity has been granted full <br />power from the governing body of each entity, and the individual executing this Agreement certifies <br />that he or she executes it only after ratification by each of the Taxing Entities, who in turn have acted <br />only after due notice and action of the full governing body of each Taxing Entity. <br />X. <br />That the governing body of each Taxing Entity finds and determines that their respective <br />entity has received fair compensation for the services and/or obligations to be performed hereunder, <br />and that all obligations, if any, requiring the expenditure of funds shall be made from the current <br />revenues of each respective Taxing Entity. <br />XI <br />. <br />That the term of this Agreement shall be for one (1) year, automatically renewable on the <br />anniversary date hereof for an additional four (4) one year terms, unless terminated earlier by <br />agreement of the parties or by one party filing a revocation of power of attorney as provided in <br />Article VI hereof. <br />Page 5 of 9 <br /> <br />