HomeMy WebLinkAboutRES 83-112 RESOLUTION AUTHORIZING AND APPROVING ARTICLES OF AMENDMENT
TO ARTICLES OF INCORPORATION OF
BEAUMONT HOUSING FINANCE CORPORATION
WHEREAS, by order the City Council ( the "Governing Body" )
of Beaumont, Texas, authorized and approved the creation of
the Beaumont Housing Finance Corporation ( the "Corporation" )
as a nonprofit public corporation under the provisions of the
Texas Housing Finance Act, Article 12591-7, Vernon' s Annotated
Texas Civil Statutes, as amended ( the "Act" ) ; and,
WHEREAS, the Governing Body has approved the
Corporation' s Articles of Incorporation dated January 18 ,
1980 ; and,
WHEREAS, the Governing Body may adopt amendments to the
Corporation' s Articles of Incorporation without action by the
Board of Directors of the Corporation;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
BEAUMONT, TEXAS, THAT:
The Articles of Amendment to the Articles of Incorporation
of the Beaumont Housing Finance Corporation, substantially in
the form attached hereto as Exhibit "A" , are hereby approved
and adopted.
The Mayor and City Clerk are hereby authorized and
directed to execute, verify and cause to be filed with the
Secretary of State of Texas the Articles of Amendment to the
Articles of Incorporation of the Beaumont Housing Finance
Corporation substantially in the form attached hereto as
Exhibit "A" , together with such changes therein as may be
approved by the Mayor, his approval to be conclusively
evidenced by his execution thereof.
PASSED AND APPROVED this 22nd day of March, 1983.
Mayo r _ pp� _ �Fra7
ATTEST:
,� City Cler ��
v f,
( Seal)
ARTICLES OF AMENDMENT
TO
ARTICLES OF' INCORPORATION
OF
BEAUMONT HOUSING FINANCE CORPORATION
We, the undersigned William E. Neild, Mayor, and Myrtle
Corgey , City Clerk , in accordance with the provisions of
Article 12691-7, Vernon' s Annotated Texas Civil Statutes, as
amended, do hereby adopt the following Articles of Amendment
to the Articles of Incorporation for Beaumont Housing Finance
Corporation.
AMENDMENT
ARTICLE I
Article VI , paragraph A, of the Articles of Incorporation
dated January 18 , 1980 is amended as follows:
A. The Corporation shall have and possess all powers
enumerated in the Texas Housing Finance Corporation Act,
including the powers specified in subsections ( 13) through
( 19) , both inclusive, of Section 13 of the Act relating to the
making and acquiring of home mortgages and the making of loans
to lending institutions for the purpose of making home
mortgages; provided, however, that the Corporation shall not
have nor exercise the power to make loans to lending
insitutions the proceeds of which will be used to make loans
on residential developments.
AMENDMENT
ARTICLE II
On March 22, 1983, the governing body of the City of
Beaumont, Texas, duly adopted a resolution approving these
Article of Amendment to the Articles of Incorporation.
IN WITNESS WHEREOF , we have hereunto set our hands this
day of 1983.
mayor
Attest:
City C1 rky
(SEAL)
EXHIBIT "A"
THE STATE OF TEXAS g
COUNTY OF JEFFERSON
I , a Notary Public, do hereby
certify that on this day of , 1983 ,
personally appeared before me, William E . Neild and Myrtle
Corgey , who each being by me first duly sworn, severally
declared that they are the persons who signed the foregoing
document, and that the statements therein contained are true.
IN WITNESS WHEREOF , I have hereunto set my hand and seal
the day and year above written.
Notary Public, State of Texas
My Commission Expires:
( SEAL)