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encourage employment and the public welfaref but the Corpora-
tion is not intended to be and shall not be a political
subdivision or a political corporation within the meaning of
the Constitution and the laws of the State of Texas (the
"State"), including without limitation Article III, Section 52
of the State Constitution, and the Unit does not delegate to
the Corporation any of its attributes of sovereignty, including
the power to tax, the power of eminent domain and the police
power.
Section -3; That the Corporation may, under the conditions
set forth in this Resolution, issue obligations on behalf of
the Unit, acquire, lease, sell or convey certain properties
and make loans for the promotion and development of commercial,
industrial and manufacturing enterprises to promote and
encourage employment and the public welfare. The Unit shall
not lend its credit or grant any public money or thingrof'
value in aid of the Corporation. Furthermore, obligations
issued by the Corporation with the approval of the Unit shall
be deemed not to constitute a debt of the State, of the Unit
or of any other political corporation, subdivision or agency
of the State or a pledge of the faith and credit of any of
them, but such obligations shall be payable solely from the
funds herein provided. The Corporation shall not be authorized
to incur financial obligations which cannot be paid from