R-83-568 - 12/8/1983RESOLUTION CONFIRMING THE ISSUANCE
OF INDUSTRIAL DEVELOPMENT BONDS BY THE
ROUND ROCK INDUSTRIAL DEVELOPMENT
FOR TELLABS (TEXAS) INC.
WHEREAS, the City of Round Rock, Texas (the "Unit "), has,
pursuant to the Development Corporation Act of 1979, Article
5190.6, Vernon's Texas Civil Statutes, as amended, approved and
created the Round Rock Industrial Development Corporation, a
non - profit corporation (the "Issuer "); and
WHEREAS, the Issuer, on behalf of the Unit is empowered to
finance the cost of projects to promote and develop industrial
and manufacturing enterprises to promote and encourage employ-
ment, the public health and the public welfare by the issue of
obligations of the Issuer, which projects will be inside the
Unit's boundaries; and
WHEREAS, Round Rock Two, a general partnership (the "User ")
has filed an application, dated December _ , 1983, which is
incorporated herein by reference for all purposes (the "Applica-
tion"), requesting that the Issuer finance a project described in
the Application, the ( "Project "), within the boundaries of the
Unit, and, further, that the Issuer adopt a resolution with
respect to the acquisition, construction, and installation of the
Project; and
WHEREAS, on December 8, 1983, the Issuer adopted the follow-
ing captioned resolution:
"RESOLUTION CONCERNING ISSUANCE OF BONDS TO
FINANCE A PROJECT FOR TELLABS (TEXAS) INC."
(the "Resolution "); and
WHEREAS, it now is proper that the Resolution, as attached
hereto and made a part hereof, be ratified, approved and con-
firmed by the Unit.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ROUND ROCK THAT:
1. The Resolution, as adopted by the Issuer and attached
hereto, is hereby in all respects ratified, confirmed and ap-
proved.
2. The adoption of the Resolution by the Issuer is hereby,
in all respects, ratified, approved and confirmed.
3. The Bonds and the obligations arising thereunder shall
be special obligations of the Issuer, payable and collectible
solely from amounts received by the Issuer pursuant to the
Indenture and Loan Agreement entered into in connection with the
issuance of the Bonds. The Bonds and the obligations arising
thereunder shall not be payable or 'collectible from any revenues
or assets of the Unit. The Bonds shall constitute neither an
indebtedness nor a debt within the meaning or any constitutional
or statutory provision or limitation, and no provision, covenant
or agreement contained in the Resolution or in any document
entered into in connection with the issuance of the Bonds or any
obligations therein imposed or the breach thereof shall consti-
tute or give rise to a pecuniary liability of the Unit or a
charge against its credit or taxing powers.
4. The members, officers and agents of the Issuer be; and
they hereby are, authorized and directed to take all action
[Seal]
ATTEST:
City Secretary
BTMC2 /14 /dlb
necessary or appropriate to effectuate the provisions of this
resolution or the Resolution.
PASSED AND APPROVED this 8th day of December, 1983.
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