Commissioners' Court continue to serve on an interim basis pending further action by the Court. o-o-o-o-o-o-o-o-o-o N0. 14397 A RESOLUTION by the Commissioners' Court of Kerr County, Texas, approving agreements and resolution authorizing the issuance of revenue bonds of the Kerr County Industrical Development Corporation relating to the financing of industrial or manufacturing facilities for Kerr Publications, Inc. WHEREAS, on the 20th day of October 1980, the Commissioners' Court approved a memoradnum of agreement by and between the Kerr County Industrial Development Corporation (the "Issuer") and Kerr Publications, Inc. (the "Company") pertaining to financing the costs of acquiring and constructing facilities to be operated and maintained by the Company in its trade or business and used for manufacturing or industrial purposes by the Company (the "Project"); and., WHEREAS, final agreements in relation to financing the Project and a resolution adopted by the Board of Directors of the Issuer authorizing the issuance of its revenue bonds in the principal amount of $825,000 have been submitted to this Commissioners' Court for approval - as required by Section 25 (f) of the Development Corporation Act of 1979 (Article 5190.6, V.A.T.C.S.); and WHEREAS, the Commissioners' Court hereby finds and determines that the resolution of the Issuer authorizing the issuance of the Kerr County Industrial Development Corporation Industrial Development Revenue Bonds, Series 1981 (Kerr Publications, Inc. Project) in the principal amount of $825,000 and the agreements executed in connection therewith, should be approved, now, therefore, BE IT RESOLVED BY THE COMMISSIONERS' COURT OF KERB COUNTY, TEXAS: SECTION 1: That the resolution of the Board of Directors of the Issuer entitled as follows: "A RESOLUTION by the Board of Directors of the Kerr County Industrial Development Corporation relating to the issuance of revenue bonds to be known as "KERR COUNTY INDUSTRIAL DEVELOPMENT CORPORATION INDUSTRIAL DEVELOPMENT REVENUE BONDS, SERIES 1981 (KERR PUBLICATIONS, INC. PROJECT)", dated May 1, 1981, fixing the details and providing for the payment and security of such bonds, approving and authorizing the execution of a Loan Agreement and Trust Indenture in relation to the payment and security of such bonds and the rights of the holders of such bonds, making such Loan Agreement and Trust Indenture a part of this Resolution; making certain findings, covenants and declarations relating to such bonds and the issuance thereof; acknowledging the rights of the Corporation under the Loan Agreement and Note to be assigned to the Chas. Schreiner Bank, Kerrville, Texas, as trustee, under the Trust Indenture; and resolving other matters incident and related to the subject and purpose of this Resolution." together with (i) a Trust Indenture from the Issuer to the Chas. Schreiner Bank, Kerrville, Texas, as trustee, dated as of May 1, 1981 (attached to said resolution as Exhibit "A") and (ii) a Loan Agreement by and between the Issuer and the Company, dated as of May 1, 1981 (attached to said resolution as Exhibit "B"), are hereby in all respects approved. SECTION 2: The approval herein given is in accordance with the provisions of Section 25 (f) of the Development Corporation Act of 1979, and is not to be construed as any under- taking by Kerr County, Texas, and such bonds shall never constitute an indebtedness or pledge of the Issuer, Kerr County, Texas, or the State of Texas within the meaning of any constitutional or statutory provisions, and the holder of such bonds shall never be paid in __ _ whole or in part out of any funds raised or to be raised by taxation or any other revenues b0 _ _ _ of the Issuer, Kerr County, Texas, or the State of Texas except those revenues assigned and pledged by the resolution authorizing the issuance of such bonds. 'i SECTION 3: The programs and expenditures authorized and contemplated by the aforesaid documents are hereby in all respects approved. ~' I PASSED AND APPROVED, this 13th day of July 1981. ~ i ,, /s/ Julius R. Neunhoffer ~ County Judge, Kerr County, Texas /t/ Julius R. Neunhoffer Attest: I /s/ Emmie M. Muenker ~'~ County Clerk and Ex-officio Clerk of the ~' Commissioners' Court of Kerr County, Texas /t/ EMMIE M. MUENKER ~' i (Com. Crt Seal) ' it * Motion made by Commissioner Lich, seconded by Commissioner Holland, with Commissioners I Holland, Speakmon and Lich and County Judge Neunhoffer voting "AYE" and Commissioner Guthrie voting "NO", said motion carrying by a majority vote. 'i 'I o-o-o-o-o-o-o-o-o-o I i !I 'i ~i N0. 14398 APPORTIONMENT OF $22,000.00 FROM GENERAL ROAD & BRIDGE FUND AND $22,000.00 FROM F. M. & LATERAL ROAD FUND TO THE FOUR ROAD AND BRIDGE PRECINCTS On this the 13th day of July 1981, upon motion made by Commissioner Guthrie, seconded by Commissioner Speakmon, the Court unanimously approved that the County Clerk and County Treasurer be authorized to apportion the sum of $22,000.00 from the General Road & Bridge Fund and $22,000.00 from F. M. & Lateral Road Fund to the four Road & Bridge Precincts, as follows:' To: Road & Bridge No. 1 -- $6,000.00 - from Ge n. Ro ad & Bridge Fund Road & Bridge No. 2 -- $5 000.00 " Road & Bridge No. 3 , -- $5 000.00 Road & Bridge No. 4 , -- $6,000.00 and Road & Bridge No. 1 -- $6,000.00 - from F. M. & Lateral Road Fund Road & Bridge No. 2 -- $5,000.00 - " Road & Bridge No. 3 -- $5 000.00 - " Road & Bridge No. 4 , -- $6,000.00 - " o-o-o-o-o-o-o-o-o-o N0. 14399 TRANSFER OF $25,0 00.00 FROM GENERAL FUND TO OFF ICERS SALARY FUND On this the 13th day of July 1981, upon motion made by Commissioner Lich, seconded by I Commissioner Speakmon, the Court unanimously approved that the County Clerk and County Treasury 1 er be authorized to transfer the sum of $25,000.00 from the General Fund to the Officers ~I Salary Fund. ~ o-o-o-o-o-o-o-o-o-o N0. 14400 TRANSFER OF $9,000.00 FROP1 GENERAL FUND TO JAIL OPERATING FUND On this the 13th day of July 1981, upon motion made by Commissioner Guthrie, seconded by Commissioner Speakmon, the Court unanimously approved that the County Clerk and County Treasurer be authorized to transfer the sum of $9,000.00 from the General Fund to the Jail Operating Fund. o-o-o-o-o-o-o-o-o-o N0. 14401 MINUTES READ AND APPROVED On this the 13th day of July 1981, upon motion made by Commissioner Speakmon, seconded by Commissioner Holland, the Court unanimously approved the Minutes of Cotmnissioners' Court ~~ of Kerr County, Texas, from pages 44 thru 56, Volume P.