CC Resolution No. 11562136
RESOLUTION NO. 1156
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BAYTOWN
APPROVING ARTICLES OF AMENDMENT TO THE ARTICLES OF
INCORPORATION OF THE BAYTOWN HOUSING FINANCE
CORPORATION; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
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WHEREAS, The Baytown Housing Finance Corporation (the
"Corporation ") will refinance Series 1979 Single Family Mortgage
Revenue Bonds which will result in a minimum 1.2 million dollar
benefit to the City of Baytown; and
WHEREAS, The Corporation has been duly and properly created
and organized under the Texas Housing Finance Corporations Act,
as amended, formerly compiled as Article 12691 -7, Vernon's
Annotated Texas Civil Statutes, and now codified as Texas Local
Government Code, Chapter 394 (the "Act); and
WHEREAS, the Corporation's Articles of Incorporation, as
filed with the Secretary of the State of the State of Texas (the
"Articles "), provide that the Articles may be amended by written
resolution of the City Council of the City of Baytown, Texas; and
WHEREAS, the City Council of the City of Baytown desires to
amend the Articles; NOW THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 1: That the City Council of the City of Baytown
hereby approves the Articles of Amendment to the Articles in
substantially the form attached hereto as Exhibit "A" and
authorizes the Mayor and City Clerk to execute the Articles of
Amendment in duplicate.
Section 2: That the City Council of the City of Baytown
hereby authorizes the Mayor to cause such Articles of Amendment
to be filed with the Secretary of State of the State of Texas in
the manner provided in the Act.
Section 3: This resolution shall take effect immediately
from and after its passage by the City Council of the City of
Baytown.
INTRODUCED, READ, and PASSED, by the affirmative vote of the
City Council of the City of Baytown, this the 21st day of
September, 1992.
BOBBY EDILLE, Mayo
ATTEST:
EIEI EE�LL, City
C44� i� 2 z
ACID RAM RE , R., City Attorney
C:1:27:7
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2137
2135
ARTICLES OF AMENDMENT
TO
ARTICLES OF INCORPORATION
OF
THE BAYTOWN HOUSING FINANCE CORPORATION
We, the undersigned, the Mayor and City Clerk of the City of Baytown,
Texas, being the presiding officer of the governing body of the local government
and the local government's clerk, respectively, in accordance with the provisions
of the Texas Housing Finance Corporations Act, as amended, formerly Article
12691 -7, Vernon' a Annotated Texas Civil Statutes, and now codified as Texas Local
Government Code, Chapter 394, do hereby adopt the following Articles of Amendment
to the Articles of Incorporation of The Baytown Housing Finance Corporation:
AMENDMENT
ARTICLE I
Article IV of the Articles of Incorporation dated August 23, 1979 is
amended as follows:
The corporation is organized solely to carry out the purposes of the Texas
Housing Finance Corporations Act and shall have and possess all powers enumerated
in such Act, except that the corporation shall not have the power to make home
mortgages or to make loans to lending institutions, the proceeds of which are
to be used for making home mortgages or to make loans on residential develop-
ments. Notwithstanding the foregoing, the corporation shall have the power to
issue bonds to refund in whole or in part at any time bonds previously issued
under the Texas Housing Finance Corporations Act by the corporation.
AMENDMENT
ARTICLE II
These Articles of Amendment to the Articles of Incorporation of the
Corporation have been adopted and approved by a majority vote of the members in
office of the City Council, which is the governing body of the City of Baytown,
Texas, at a special meeting held on the 21st day of September, 1992.
ATTEST:
City Clerk
Mayor
EXHIBIT A
2139
THE STATE OF TEXAS §
COUNTY OF HARRIS §
Before me, a notary public, on this day personally appeared Bobby J.
Credille, known to me to be the person whose name is subscribed to the foregoing
document and, being by me first duly sworn, declared that the statements therein
contained are true and correct.
Given under my hand and seal of office this _ day of September, 1992.
(SEAL)
a:lbaylwv mend -la(1
Notary Public Signature
Notary Public Printed or
Typed Name
My commission expires:
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