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HomeMy WebLinkAbout1982-10-25-1000AM-SpecialCOMKISSIONERS' COURT SPECIAL MEETING OCTOBER 25, 198X,, A special meeting of the Commissioners' Court of Brazos County, Texas, was held in the Commissioners' Courtroom in the Courthouse in Bryan, Brazos County, Texas, beginning at 10:00 A.M. on October 25, 1982, with the following members of the Court present: R. J. Holmgreen, County Judge, presiding: Bill J. Cooley, Commissioner of Precinct 1; Billy E. Beard, Commissioner of Precinct 3; Frank Boriskie, County Clerk. The following citizens and officials were in attendance: Tammy Pardi WTAW Dann Friedman Texas ABM Student Jann Snell The Eagle Mark Smith KBTX Jackie Mclemore KBTX Ray Robertson Citizen Ramiro Galindo Chamber of Commerce Steve Arden Chamber of Commerce Debbie Warren KAMU Richard C. Moore KAGC John Leverette Candidate - County Treasurer Arnold Dittfurth Auditor's Office Betty Miller Candidate - Commissioner, Pct. 4 B. V. Elkins County Tre asurer The Court heard a presentation from Steve Arden, Ramiro Galindo, and Ray Robertson representing the Youth Livestock Association who requested the use of the Pavillion and Arena for meetings and showing their animals at no cost and the possi- bility of leaving the facilities open for free use by youth groups. After considerable discussion it was recommended that the group meet with the Advisory Committee for the Brazos Center and discuss the problem. F} t, The Court next considered for awarding the following bids for fencing at the Boonville Cemetery: 1. Ace Fence Company - $5,120.15 - 4 days completion 2. Franklin Fence Company - 6,500.85 - 14 days completion 3. Billy Gordon - 7,071.10 - 10 days completion 4. Barbin Fence, Inc. - 8,550.00 - 30 days completion 5. Sears Roebuck - 6,821.19 - 10 days completion 6. Geno Services 6,843.00 - 14 days completion 7. Associated Fence - 7,572.92 - 10 days completion 8. American Fence Company - 6,500.85 - 14 days completion 9. Hurricane Fence Company - 6,895.00 - 17 days completion 10. A. Orozco Fencing 6,272.75 - 30 days completion VOLV PAGE] - 1 i 7 " , t 15 !k { ~ hl. a •i ~ •Y 1~ . 1 1 1• 'a Company in the amount of $5,120.15 and to award the contract to such Company, with construction to start in five days, and to amend the budget appropriately. The motion was seconded by Commissioner Cooley and carried unanimously. A copy of such _-__._y_,._._i1~'~.F_i~~•.LSa_•~.,---.. ~--~..e..--_.~~Ir~~.,,.~,-~•:'=.5.~"T"'v :r__ ~.n--n-• ~•1r ~d s: ..v., _ C: r~ r 1 Commissioner Beard moved to accept the low bid of Ace Fence r budget amendment is attached hereto. On motion by Commissioner Cooley, seconded by"Commissioner Beard the Court voted unanimously to approve the following bud- get amendments: 1. Health Department 2, Non Departmental 3. Brazos Center 4. Landfill 5. Various Departments for payment of health insurance for county employees. Copies of such amendments are attached to and made a part of these minutes. r r i • i 1 t , s t ` 1 to ~ L4r r 4t~~ ",a ,c T Next to be considered was a "RESOLUTION APPROVING RESOLU- TION BY THE BRAZOS COUNTY INDUSTRIAL DEVELOPMENT CORPORATION PROVIDING FOR THE ISSUANCE OF BRAZOS COUNTY INDUSTRIAL DEVELOP- MENT CORPORATION FLOATING RATE MONTHLY DEMAND INDUSTRIAL DEV- ELOPMENT REVENUE REFUNDING BONDS (NORTON COMPANY PROJECT)." On motion by Commissioner Beard, seconded by Commissioner Cooley the Court voted unanimously to adopt the Resolution, a copy of which is attached to and made a part of these minutes. On motion by Commissioner Cooley, seconded by Commissioner Beard the Court voted unanimously to approve the Change of Status for the following employees: Peggy Sue Eickenhorst James Joe Vavra Evelyn Jean Jordan Lisa Rosser Gregory H. Parsons Fredrick Rapczyk David Wayne Stallings Health Department Road & Bridge - Pct. 3 Tax Office Brazos Center Health Department Road & Bridge - Pct. 3 Road & Bridge - Pct. 3 The Court next considered the following claims submitted by the County Treasurer for payment: --r PACtIO VOL ~L J General Fund - Claims 4950 through 5065 Law Library , -.Claims 26 through 29 Y r. Revenue Sharing - Claims 37 through 38 Juvenile Commission Grant -,Claims 8 through 11 '4` Road & Bridge Shop - Claims 242 through 251 Road & Bridge Precinct 1 - Claims 261 through 269 • Road & Bridge Precinct 2 - Claims 269 through 281 Road & Bridge Precinct 3 - Claims 285 through 295 Road 6 Bridge Precinct 4 - Claims 225 through 230 On motion by Commissioner Beard, seconded by Commissi oner Cooley the Court voted unanimously to approve the cl aims as submitted. ' There being no further business;the Court- adjourned. aS ~ , I ` y. + a7 ~ ' y VOLF-PACE-11 t f► yn , r, S ` ~I ,I ! Ii I (la I f Q I I r u~ I I r, The foregoing minutes have been examined and approved in open Court this the day of ✓ 19_, in Bryan, Brazos County, Texas. R. t J o mgree Cou ty Judge a ter cox Commissioner, Precinct 2 ~G6 W. tasny Commissioner, Prec ct 4 i i e~ -Bill qoo~dy Commissi r, Precinct 1 7 y ear Comm' ioner, Precinct 3 Frank Borisk County Clerk VOLE-PAQ, I Z 11 l F r it t i f r ~ n i t r i ~ r i I ~ r / BRAZOS COUNTY, TEXAS BUDGET AMENDMENT FOR THE 1982 BUDGET YEAR On this the 25th day of October , 19 82, at a Special session of Comma s oners Court e o owing members were present: R _T HQT.MG FF_N , County Judge -BILL J. COOLEY , Commissioner, Precinct 1 Commissioner, Precinct 2 BILLY E BEARD , ,Commissioner, Precinct 3 W. A STASNY , Commissioner, Precinct 4 yThe following proceedings were held: THAT WHEREAS, onOctober 25, , 19 82 the Court heard and approved a budget amendment or the' Bu get year for Brazos County, Texas. WHEREAS, an emergency expenditure is necessary, due to grave public necessity to meet unusual and unforseen conditions which could Mlbe reasonably included in the original budget adopted December , the following amendement(s) to the original are hereby author-11-07- Increase Account No. Department Reason Amount (Decrease) Fencing o 300MITO 42-68-6371 Revenue Sharing Cemetery $5,125 i ~F ~ o- i ti , it ~4 • ti C) 1 I '4C 4 3 1 f rl O THE COMMISSIONERS' COURT OF BRAZOS COUNTY, TEXAS BY: , COUNTY JUDGE I Q r )r 1 V.,'i ;'f Irv .t,j2 ;1nm2Ie, iI l+C,42' \~not i I~ 4 I A r, f i f i i i; t t' F Ct i i r~ - - - -;--~r.s ;ice ~~---Rr~".h.o. "r-...MM` -t- ~.r- _ f 1 BRAZOS COUNTY, TEXAS3 O / BUDGET AMENDMENT FOR THE 1982 BUDGET YEAR r' On this the 25th day of Oc - , 19_B2 , at a session of Commissioners- Court the o owing members wer present: R. J. Holmgreen , County Judge Bill J. Cooley , Commissioner, Precinct 1 Walter Wilcox Commissioner, Precinct 2 Billy E. Beard , Commissioner, Precinct 3 W. A. Stasny , Commissioner, Precinct d The following proceedings were held: THAT WHEREAS, on , 19 the Court heard and approved a budget amendment for the Bu get ar for Brazos County, Texas. WHEREAS, an emergency expenditure is necessary, due to grave public necessity to meet unusual and unforseen conditions which could not be reasonably included in the original budget adopted December 6, 19go, the following amendement(s) to the original are hereby authorized: Increase Account No. Department Reason Amount (Decrease)- 10-14-5615 Non Departmental ontract or Copiers 4-000 d replaceme t of 10-28-6214 Brazos Center P.-A, Sy em 750 10-28-5310 11 go (750) 10-34-5624 sand Fill Contract Labor 2,500 A E FRANK R(1RICKIF rpunlT CM14 Bna unq. Ones. Tangs 0, ~b • r ~ THE CO lISSIONERS' OURT OF BRAZOS COUNTY, TEXAS BY: , COUNTY JUDGE Original s County Clerk's Office to be attached to original budget Copy v County Auditor's Office Copy - Commissioners' Court minutes i 9 r BRAZOS COUNTY, TEXAS 29 BUDGET AMENDMENT FOR THE 19-'2/ BUDGET YEAR Y On this the 25th day of October 19 82, at a Sp ecial session of Comm sioners Court a fo lowing members were present: t • a R. J. Holmgreen County Judge r; Bill J. Cooley Commissioner, Precinct 1 ; Commissioner, Precinct 2 Billy E. Beard Commissioner, Precinct 3 i W. A. Stasny , Commissioner, Precinct 4 The following proceedings were held: THAT WHEREAS, on October 25, 19 82 the Court heard and approved a budget amendment or the Bu get year for Brazos County, Texas. WHEREAS, an emergency expenditure is necessary, due to grave public necessity to meet unusual and unforseen conditions which could not be ' reasonably included in the original budget adopted December 8. 1 81_. the following amendement(s) to the original are hereby authorized: Increase Account No. Department Reason Amount (Decrease) 10-47-8110 Welfare Dept. To transfer fund d _ Health Dept. to health Dent Flinn 1.8-,.0.40 This is money that was appropriated in the Health nppt, RitAg~et for 1982 and is being tranferred from the General Fund to the Health neat., Fund EILED' At,Ll_0'cl0Cic_-" OCT 2 7 1982 FRANK BORISKIE THE CO ISSIONERS' COURT OF BRAZOS COUNTY, TEXAS BY. , COUNTY JUDGE Original - County Clerk's Office to be attached to original budget Copy - County Auditor's Office Copy - Commissioners' Court minutes T, VOt P PAGE11 3 t . . ~ I. •v.l't,•~T~ ~•.'~1, rY.y.. 2r •I-' 1. C I .o ~M• I - - yl... •y I L. r •5.,1 1: r BRAZOS COUNTY, 'TEXAS 82 $ BUDGET AMENDMENT FOR THE, 19 /n nr_FT vFaR I t t : t; t I a J i~ 1i I i~ ,r ]1~1~ 1 )4 I' ' - I 7 11' t _ 1 t t q, 1 ,r r Ir' t I; Lx' yl 4 J• - On this the 25thday of October 19 82, at a Special session of•Co ssioners Court t e fo owing members were present: R. J. Holmgreen , County Judge Bill J. Cooley s Commissioner, Precinct 1 WHtkRxx&Iataex , Commissioner, Precinct 2 Billy E. Bard , Commissioner, Precinct 3 W. A. Stasny o Commissioner, Precinct 4 ,The following proceedings were held: THAT WHEREAS, on October 25, 1982 , 19 the Court heard and approved a budget amendment or the 1982 Bu get year for Brazos County, Texas. WHEREAS, an emergency expenditure is necessary, due to grave public necessity to meet unusual and unforseen conditions which could not be reasonably included in the original budget adopted December 8, 1981, the following amendement(s) to the original are hereby authorized: Increase Account No. Department Reason Amount (Decrease) See attached list of accounts and amounts. Ptn u2nRc2ffHp h Emp. I t1L ED 6,1161 Wuptr. Bryon. Texas 1 1 / , - . THE C ISSIONERSL COURT OF BRAZOS COUNTY, TEXAS BY: , COUNTY JUDGE Vo PAGE 3107 _ s .,r j } 1 t r yi THE FOLLOWING DOCUMENT IS THE BEST IMAGE POSSIBLE DUE TO THE POOR QUALITY OF ORIGINAL + =,,.r~ r ...~`r•rr-~~ T~~'d7'i`tr ~f " ~ ~ _ •-~•"r11Q La. - ?•vnf .4 4.. l L•_l~ - - ~r y~ --^r •.t~~'-~~.rrtr•t"~' ~1.~ 7A ,w~~ , - a ` ~~..i\ . ~1"T> t.ti~1 ,1~ .r. _ l ~ 7 t./• l af~~ _-.~y,cln~.t.....-~~ a... ' ~l • ..•J ~h ~._d = _ - - - - - = - h U , f" ACCOUNT NO. INCREASE ' DEPARTMENT NAME FD DP # DECREASE K Commissioners Court 10 10 5122 300 County Clerk ! 11 1700 Non-Departmental a 14 ,500 County Court At Law = x 15 300 85th.District Court 16 700 272nd. District Court ' t. r'• - ` ~i 17 400 Court Administrator 18 100 • - . ; District Clerk , ~ ~ ' : + - •t 19 's . • 1100 ' Justices of Peace 20 41200> County Attorney 21 1300 4 w District Attorney 22 2100 County Auditor ~ 24 h 1100 County Treasurer r y L ? 25 , ; • , 1100 Tax Assessor Collector 26 1600 I "e, Data Processing 27 r 100 Brazos Center 28 = 900 ;r Constables 30 <240) Sheriff - ' 31 10200 . Juvenile Probation 32 2200 Sanitary Land Fill 34 600 4-1 P J 35 1000 . . 4-2 "t P 36 1000 . J. P. 7-1 37 600 J. P. 7-2 10 38 5122 1000 J. P. 1-3 & 5 39 - 600 Conservation & Agriculture 48 1500 Constable Pct. 4 55 500 Constable Pct. 7 56 400 Constable Pct. 1.3,5 57 " 300 . } ~ •r Y,,; ;<< < . , Building & Yards' E,.~ ~ 70 ;~.';l,kt. 500 D. A. Prosecutor Grant . 73 200 R & B General 20 40 5122 1500 R & B Pct. 1 41 600 F, R & B Pct. 2 - 42 , l:.•: ~ 1300 t,r:•s,,,nc+4 R & B Pct : 3 - - 43 : • 2300 . R & B Pct. 4 44 1000 (.,,V0LF-_^'PAGE]a0 , : I 1 ; ~r .w I, . Yy I ; i 1 I rf , ~ r T 4 AC r 1 . - b ~f RESOLUTION APPROVING RESOLUTION BY THE ° BRAZOS COUNTY INDUSTRIAL DEVELOPMENT CORPORATION PROVIDING FOR THE ISSUANCE- OF BRAZOS COUNTY INDUSTRIAL DEVELOPMENT CORPORATION FLOATING RATE MONTHLY DEMAND INDUSTRIAL DEVELOPMENT REVENUE REFUNDING BONDS (NORTON COMPANY PROJECT) WHEREAS, the Brazos County Industrial Development Corporation (the "Issuer") was created by Court of Brazos County, Texas (the "Unit") pursuant to the provisions of the ' Development Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statutes, as amended (the "Act"); and WHEREAS, it is deemed necessary and advisable that this Resolution be adopted; THEREFORE, BE IT RESOLVED BY THE COMMISSIONER'S COURT OF BRAZOS COUNTY, TEXAS THAT: Section 1. The Resolution Authorizing Brazos k - County Industrial Development Corporation Floating Rate Monthly Demand Industrial Development Revenue Refunding Bonds (Norton Company Project); a Loan Agreement; an Indenture of Trust; Approval of a Letter of Credit; a Bond Purchase Agreement; Approval of a Composite Official ~ Statement; and Other Matters in Connection Therewith, adopted by the Issuer on October 25, 1982 (the "Resolution"), a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is hereby specifically approved, Section 2. The approval herein given is in accordance with the provisions of Section 25(f) of the Act and is not to be construed as any undertaking by the Unit, and such bonds shall never contitute an indebtedness or pledge of the Unit, or the State of Texas, within the ; meaning of any constitutional or statutory provision, and i 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 a any other revenues of the Issuer, the Unit, or the State of Texas except those revenues assigned and pledged by the p Resolution. Section 3. The programs and expenditures authorized and contemplated by the aforesaid documents are hereby in all respects approved. V0LR-PAG1E_ o-r+p^^ r ;_r •rt ^ . r'-vn% rn tee. ny ' to i + 1 'v r'J, ,'^tt a ..7. 1 „s,T a-. ' s 1- ' y r . RESOLUTION AUTHORIZING v BRAZOS COUNTY INDUSTRIAL DEVELOPMENT CORPORATION FLOATING RATE MONTHLY DEMAND INDUSTRIAL DEVELOPMENT REVENUE REFUNDING BONDS (NORTON COMPANY PROJECT); A LOAN AGREEMENT; AN INDENTURE OF TRUST; APPROVAL OF A LETTER OF CREDIT; A BOND PURCHASE AGREEMENT; APPROVAL OF A COMPOSITE OFFICIAL STATEMENT; y AND OTHER MATTERS IN CONNECTION THEREWITH WHEREAS, pursuant to the Development Corporation Act of 1979, Article 5190.6, Vernon's Texas Civil Statute, as amended (the "Act"), the Brazos County Industrial Development Corporation (the "Issuer"), on behalf of Brazos County, Texas (the "Unit"), is empowered to finance the cost of projects to promote and develop industrial and manu- facturing enterprises to promote and encourage employment and the public welfare by the issuance of obligations of the Issuer which projects will be inside the Unit's boundaries. WHEREAS, Norton Company, a Massachusetts c. corporation (the "User"), has requested the Issuer to , finance the cost of acquiring, constructing, reconstructing, improving, or expanding, as the case may be, an industrial project (the "Project"); WHEREAS, on August 20, 1980, the Issuer adopted a "Resolution Concerning Issuance of Bonds to Finance a Project for Norton Company" (the "Initial Resolution"); WHEREAS, in order to provide interim financing for the cost of the acquisition and construction of the Project, the Issuer has authorized, sold, and delivered its bonds styled, "Brazos County Industrial Development Corporation Industrial Development Revenue Bonds (Norton Company Project) Series 1981" (the "Refunded Bonds"); wHEREAS, in furtherance of the purposes of the Act, and as part of the Issuer's plan of permanent financing for the Project, the Issuer proposes to issue bonds styled, "Brazos County Industrial Development Corporation Floating Rate Monthly Demand Industrial Development Revenue Refunding f' Bonds (Norton Company Project)"; and LY-PAGE] - 1 i- i J -1 ' / 11 ~ f y i WHEREAS, there have been presented to the Issuer r*~=-- ro osed forms of a h f th f 11 1 d rt .a ' N • Y T • i i p p e c o VW owing. 6 • O 1. Loan Agreement, dated as of November 1, 1982, (the "Agreement"), between the Issuer and the User, including a promissory note from the User to the Issuer in the principal amount of the Bonds (the "Note"); 2. Indenture of Trust, dated as of November 1, 1982,, (the "-Indenture"), between the Issuer and Texas Commerce Bank National Association, Houston, Texas (the' "Trustee"); 3. Bond Purchase Agreement, dated as of October 25, 1982 (the "Bond Purchase Agreement"), among the Issuer and E. F. Hutton & Company, Inc. (the "Underwriter"); and 4. A Preliminary Composite Official Statement relating to the Bonds (the "Preliminary Composite Official Statement"). THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BRAZOS COUNTY INDUSTRIAL DEVELOPMENT CORPORATION THAT: Section 1. Based solely upon the representations made to the Board of Directors (the- "Board") and to the Texas Industrial Commission by the User, it appears and the Board hereby finds that: A. The Project is suitable for the promotion of manufacturing or industrial development and expansion; and B. Additionally: (i) The Project will have an impact of increasing employment within the Unit's boundaries; and (ii) the Project is in furtherance of the public purposes of the Act. - Section 2. The Board hereby approves the Agree- ment in substantially the form and substance presented to the Board and the President or Vice President is hereby authorized and directed, for and on behalf of the Issuer, to date, sign, and otherwise execute the Agreement, and the . { , i I f L d r i i A -m~-rv'•sH'``5':'}4:%'rj;'~"4*'r^•L::,i•„c ^s*_"r'^-.1~^r-.••. ~r-- +~r^-~;~: -,'vr.-+f~.~:v:' - , , r F Secretary or any Assistant Secretary is authorized and directed for and on behalf of the Issuer to attest the Agreement, and such officers are hereby authorized to deliver the Agreement. Upon execution by the parties thereto and delivery thereof, the Agreement shall be binding upon the Issuer in accordance with the terms and provisions thereof. Section 3. The Bonds in the aggregate principal amount of $2,000,000 or such lesser amount as shall be approved by any officer of the Issuer at or prior to delivery of the Bonds, are authorized to be issued for the purpose of refunding the Refunded Bonds. The Board hereby approves the Indenture in substantially the- form and substance presented to the Board and the President or Vice President is authorized and directed for and on behalf of the Issuer to date, sign, and otherwise execute the Indenture and the Secretary or any Assistant Secretary is hereby authorized to attest the Indenture and such officers are hereby authorized to deliver the Indenture. The details of the Bonds shall be as set forth in the Indenture. Section 4. The Board hereby approves the Bond Purchase Agreement among the Issuer, the Underwriter, and the User, in substantially the form and substance presented to the Board and the President or Vice President is authorized and directed for and on behalf of the Issuer, to date, sign, or otherwise execute the Bond Purchase Agreement and the Secretary or any Assistant Secretary is hereby 'authorized to attest the Bond Purchase Agreement on behalf of the Issuer and such officers are hereby authorized to deliver the Bond Purchase Agreement. Section 5. The Board hereby approves a letter of credit to be issued by Banker Trust Company in favor of the Trustee in connection with the Bonds. Any officer of the t Board is hereby authorized and directed for and on behalf of the Issuer to date, sign, and otherwise execute, and 'to accept delivery of, any documents required or contemplated ; by such letter of credit. Section 6. The Preliminary Composite Official r Statement proposed to be distributed in connection with the sale of the Bonds in substantially the form and substance presented to the Board is hereby approved. Distribution of the Preliminary Composite Official Statement and preparation and distribution of a final Composite Official Statement in connection with the Bonds,is hereby authorized. 'A r VOLP.PAGE,-2" i , 4 • ~E f • . 1 7 r~ ' t - •r. ` r . pit • • ~ ' 1 I ~r I ` 1 1 , / Section 7. The President and Secretary are hereby each authorized and directed to execute the Bonds, or have thiir facsimile signatures placed upon the Bonds, and each r 1` • is hereby authorized and directed to deliver the Bonds, and the seal of the Issuer is hereby authorized and directed to be affixed or placed in facsimile on the Bonds. Section 8. Texas Commerce Bank National Association, Houston, Texas is hereby appointed as Trustee under-the indenture. Section 9. The sale of the Bonds to the Underwriter at a price of 100% of the principal amount of the Bonds is hereby authorized and approved. Section 10, The President, the Vice President, or the Secretary is hereby authorized to execute and deliver to the Trustee the written order of the Issuer of the authentication and delivery of the Bonds by the Trustee in accordance with the Indenture. Section 11. All action (not inconsistent with provisions of this Resolution) heretofore taken by the Board and officers of the Issuer directed toward the financing of the Project and the issuance of the Bonds be and the same hereby is ratified, approved, and confirmed. Section 12. The officers of the Issuer shall take all action in conformity with the Act, if necessary, or reasonably required to effectuate the issuance of the Bonds and take all action necessary or desirable in conformity with the Act to finance the Project and for carrying out, giving effect to, and consummating the transactions contemplated by the Bonds, the Initial Resolution, this Resolution, including without limitation, the execution and delivery of any closing documents in connection with the issuance of the Bonds. Section 14. The officers executing the documents approved by this Resolution are authorized to approve the lists of bond issues contained in Exhibit E and Exhibit G to the Indenture, the fixed rate of interest on the Bonds for the first Interest Period (as defined in the Indenture), and such changes to the documents approved by this Resolution as are necessary and appropriate and not contrary to the general tenor thereof. A- L1 -4- { i 1 I~ i I d ~i i THE FOLLOWING DOCUMENT IS THE BEST IMAGE POSSIBLE DUE TO THE POOR QUALITY OF ORIGINAL ~-r.~u•~~..c't-.~.+.~i•'i~'~v',"'""L+'+~'"~'~; t.'T..+'•'~~~ r •I,.,w~•-' ;~d1 +••1~--. - v.~: ,.L.ri-=rr ^,~•tt'.d .~-.~•,w•_1 -t,P•_T ~ -,a k~ J ~f I , :z Section 15. Aftei any of the Bonds are issued, this Resolution shall be and remain irrepealable until the •Bonds or interest thereon shall have been fully paid or provisions for payment made pursuant to the Indenture. Section 16. If any section, paragraph, clause, provision of the Resolution shall be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause, provision shall not affect any of the remaining provisions of this Resolution. In case any obligation of the Issuer authorized or established by this Resolution or the Bonds or interest coupons appertaining thereto is held to be in violation of law as applied to any person or in any circumstance, such obligation shall be deemed to be the obligation of the Issuer to the fullest extent permitted by law. , I . o I I i t f , ' f . ~ ~ r' ' ' ,f j1 li Ot i'7~ 1 • 1fL f,•a , , , L• ~ L + 1 • , , ' ' C 1 ♦ ~.C . I .311. L' i ` , i• R tf ~ , ~~il( t•e_ 'li .?:r l; 1' ' ii Ci Y•I`•'tr c 1, 7t F ( ''1'.f.. _ •.l~ • 7 •t r ? t r r+ 1, t.l., t~i !n 'mot'. 1''. t'? ' b, lji ~ '~'j;'~'f 1 :Yjl t.+'1. .i5 'i'+•' h%. •.1' ,'.31' L l - V ZPAGEJ 01 ~I1 i 1 t i ► I .l i K:7.