ORDER NO. 16349 APPROVAL OF FORMATION OF KERR COUNTY HOUSING FINANCE CORPORATION On this the 24th day of October 1985, upon motion made by Commis- sioner Higgins, seconded by Commissioner Guthrie, with Commis- sioners Higgins, Lich and Guthrie and County Judge Morriss voting "AYE" and Commissioner Holland "ABSTAINING FROM VOTING", said motion carrying by a majority vote, approving the FORMATION OF THE KERR COUNTY HOUSING FINANCE CORPORATION AND EXECUTION AND FILING OF ITS ARTICLES OF INCORPORATION. ARTICLES OF INCORPORATION OF THE KERR COUNTY HOUSING FINANCE CORPORATION ive, the undersigned natural persons of the age of eighteen years or more, all of whom are citizens of the State of Texas and residents of the County of Kerr, Texas, acting as incorporators of a corporation under the Texas Housing Finance Corporations Act, do hereby adopt the following Articles of Incorporation for such corporation: ARTICLE I The name of the Corporation is THE KERR COUNTY HOUSING FINANCE CORPORATION. ARTICLE II The Corporation is a public nonp~•ofit corporation. ARTICLE III The duration of the Corporation shall be perpetual. ARTICLE IV The Corporation is organized solely to carry out the purposes of The Texas Housing Finance Corporations Act; provided, however, that the Corporation may not issue obligations for or on behalf of any private or public entity other than the County of Kerr, Texas. ARTICLE V The Corporation shall have no members. ARTICLE VI The street address of the initial registered office of the Corporation is 700 Main Street, Kerrville, Texas 78028, and the name of its initial registered agent at such address is Gordon S. Morriss, County Judge. ARTICEL V~~- ~ :~6H-. The number of directors constfuting the initial Board of Directors of the Corporation is £-?•.t`~;'`_; and the names, addresses and terms of office of the persons who are to serve as the initial directors are: Name c_TC 1 L( ~- ~ ~L/ iJ. U~u 7~.~ Term Address two (2) years 700 Main Street Kerrville, TX 78028 two (2) Years 700 Main Street Kerrville, TX 78028 two (2) Years 700 Main Street Kerrville, TX 78028 two (2) Years 700 Main Street Kerrville, TX 78028 two (2) Years 700 Main Street Kerrville, TX 78028 Each member of the initial Board of Directors shall hold office for the term specified beside his or her name above or until his or her successor is appointed in the manner provided below. Each of the initial directors resides within the County of Kerr, Texas. Directors shall be appointed by the majority vote of the Commissioners Court. All directors shall be residents of the County of Kerr, Texas at all times during their term of office. Each director shall hold office for the term for which he or she is appointed and until his or her successor skull have been appointed and qualified. Any vacancy occurring in the board of directors shall be immediately filled by appointment by the Commissioners Court of the County of Kerr, Texas. A director may be removed from office for cause or at will and no director shall be appointed for a term in excess of six (6) years. ARTICLE VIII The name and street address of each incorporator are: Name Address ~v,~oa.v ,f l-n~n~-s~ 700 Main Street Kerrville, Texas 78028 /~. LL~ ~~ ~~~~^ ,F 700 Main Street Kerrville, Texas 78028 ~~~-~..I ~ (/•~,;,,, 700 Main Street Kerrville, Texas 78028 Each incorporator resides within the County of Kerr, Texas. -2- ARTICLE IX A resolution approving the form of these Articles of Incorporation has been duly adopted by the Commissioners Court of the County of Kerr on October ~,~1985. ~~ ` ARTICLE X Any net earnings of the Corporation (beyond that necessary for retirement of it indebtedness or to implement the public purpose or purposes or program of the County of Kerr, Texas) may not inure to the benefit of any person or entity, other than the County of Kerr, Texas. The Corporation shall not participate in or intervene in (including the publication or distribution of statements) any political campaign on behalf of any candidate for public office. ARTICLE XI Subject to any valid liens, charges or encumbrances and the prior rights of the holders of any obligation of this Corporation and any creditors of the Corporation, in the event of dissolution of this Corporation, at any time or for any reason, title to all of the funds, properties and assets of this. Corporation shall vest in the County of Kerr, Texas; it being intended that no officer or director of this corporation or any other private person orsentity shall ever derive or receive any financial or pecuniary gain or profit from this corporation on dissolution, liquidation or winding up. ARTICLE XII The Commissioners Court of the County of Kerr, Texas may, at its sole discretion and at any time, either upon (1) the appli- cation of the Boarcl of Directors of the Corporation, or (2) its own motion, by appropriate resolutions duly adopted, cause the Articles of Incorporation to be amended to alter or change the structure, organization, powers, programs or activities of the Corporation and may cause the existence of the Corporation to be terminated, subject to the provisions of the Act and to any limitation on the impairment of contracts entered into by the Corporation. `7J PPTPICU D'iE '~ ~ ~ ~ / ~ S ~~~ DIa1 Pquaq wt 1 • A BI -3- i I ~~ i I~ .rte, ` '~ ~i' i . _. /~, L?'{ la~.L,d L[~~/t v J `~.. / / -'-Yn 3 .GLrt~~ f1^1C Cam' ~~2!~ vJ // o/. -tZ ~->td 4 i or-G,. ~(/~ 'e 7 C 3 G ~[ '- L m ,.s.~~ f eivRV ~` _.. `._ ~ "yam/a .qi" / C y r -, ,~ ~ L - } I 1 _ . . _ , ,,_ .,. l i i i i .f ,a,Z_~~_n~mL~L~e.a 1Y ~J~ ~rM Counry owl. N C RY .~ ` "%w, //,/M{it /~~Iti H~ ~ fC y,~ 7 /LE ~C ~w~~0 ACG /~E'?.~,.{c.aavY~ _/ I//'~-s~oi .GZ.JlJit ~7 f/'lC `G~/L.r wf ~ 5 ~ ~/-' i `~ ~ ~ / ^J~ tel. ~i''~/~ ~!+"Rl ~~v~.e ... Cf f ~~ ~-~~~~y ~ o tis.~y CO ~~V O'V /T< f ~~av << g/ , / s6~- ~s~-- M. E. AT.r.isox. Ja. M. E. ALLISON & CO., INC. ..vesaiwr,t Bmrkers NgiIONgL BAHX OG COM MEPCE BLDG. SAN ANTONIO, TEXAS ]8205 sla zza ssao ROBERT M. KENDRICK ATTORNEY AT LAW 530 GUARANTY PLAZA P. O. BOX 2R3d CORPUS CHRISTI. 119[AS )8403-2830 (133) 888-43A BITKuWER MANAGEMENT LO., INC. 327 Eazl Gazrttr, Suire 109 Kcrrvillc, Tcxu 78028 (512) 257-6592 Sq. Ft. Name Vac. Units Px3ces Sizes 550-1084 Casa Grande 25 134 $310-$385 1/1 to 2/2 575-1330 Oak Ridge 7 46 325- 550 1/1 to 3/2 Not Avail Hacienda ? 20 $285 1/1 Not Avail Northridge 4 56 $290 2/2 800-1000 Summit I & II 3 46 300- 485 1/1 to 2/2 1200-1400 Coronado 4 27 470- 510 2/2 Not Avail Brookhollow 0 48 30~ mo inc 1/1 to 3/1 1100 Forest West ? 16 400- 450 2/1'~ Not Avail Jeanelle Apts ? 15 200- 300 1/1 to 2/1 646- 922 Parkside 4 80 285- 365 1/1 to 3/1'~ Not Avail River Oaks 2 70 305- 420 1/1 to 2/2 840 Ranchero Village 22 44 375- 425 2/2 609-1020 The Hills 33 68 400- 575 1/1 to 2/2 Not Avail Colonial Oaks 1 47 375- 450 1/1 to 2/1~ 800-1080 Patio 3 24 300- 375 1/1 to 2/2 955-1250 Park Peterson I 9 20 350- 473 2/l~,to 3/2 955 Park Peterson II 8 10 375- 350 2/1'~ 900 Cedar Ridge 12 48 $375 2/1 553- 743 Plaza 0 9 315- 375 2/1 to 2/1~ 550 South Kerrville 1 8 $305 1/1 400- 600 Midtown 5 20 290- 355 1/1 to 2/1 300- 500 Lazy River 12 48 225- 325 Studio to 1/ Not Avail Park Ridge 7 16 235- 300 1/1 to 2/1 600-1100 Park Lane 0 32 $375 1/1 to 2/2 Not Avail Oakdale 0 81 Base on Inc. 1/1 to 3/2 792-1143 Lakeside 3 48 400- 500 1/1 to 2/2 715-1450 Guadalupe Condos 30 31 800-1100 Eff. to 2/2 1000-1850 4uinlan Crossing 43 46 495- 695 1/1'~ to 2'x/2 No Information on Windwood Apartments Available Total Known Apartments in Kerrville 1148 gin. 7 2 ~ ~ (~6t ct ~c ~^~ ~ l j`'~~~Z, ~ ~~-f~~~ /~ ~i9~~s.-