1987-092-RES WHEREAS, the City of Paris did by deed dated March 27, 1984, receive a three-tenths (3/10) undivided
RESOLUTION NO. 87-092
WHEREAS, the City of Paris did by deed dated March 27,
1984, receive a three-tenths (3/10) undivided interest in
and to Lots 1, 2 and 2A of City Block No. 20l-B upon which
the Chamber of Commerce of Lamar County office is located;
and,
WHEREAS, said property had previously been pledged to
secure a note for purchase and for remodeling of the
building; and,
WHEREAS, arrangements have been made for refinancing of
the balance of said loan with First Federal Savings and Loan
Association, Paris, Texas, which will require the joint
execution of a deed of trust by Chamber of Commerce of Lamar
County, Inc. and the City of Paris; and,
WHEREAS, the City of Paris will not be obligated under
the note to First Federal Savings and Loan Association
secured by said deed of trust; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, That the Mayor of the City of Paris, Billy Joe
Burnett, be, and he is hereby authorized and directed to
execute on behalf of the City of Paris the deed of trust to
First Federal Savings and Loan Association securing a note
in the amount of $28,400.00 made by Chamber of Commerce of
Lamar County, Inc.
Passed and adopted this 14th day of September, 1987.
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:Ih Y. e u nett, Mayor
ATTEST:
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att~e unning ~y er
APPROVED AS TO FORM:
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