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WHEREAS, Section 103(k) of the Internal Revenue Code of
1954, as amended (the "Code"), requires that the Bonds be ap-
proved by the "applicable elected representative" after a public
hearing following reasonable public notice; and
WHEREAS, notice of a public hearing with respect to the
Project and the Bonds to be held by the Issuer on the date of
adoption of this Resolution was published no less than 14 days
before this date; and
WHEREAS, the governing body of the Unit, as the "appli-
cable elected representative," will consider the adoption of a
written resolution specifically approving this resolution of the
Issuer providing for the issuance of the Bonds and specifically
approving the Bonds and the Project as required by Section 103(k)
of the Code; and
WHEREAS, there have been presented to the Issuer
proposed forms of each of the following:
1 A First Amendatory Loan Agreement, dated as of
September 1, 1984, (the "Agreement"), between the Issuer and the
User=
2. A First Supplemental Trust Indenture, dated as of
September 1, 1984, (the "Indenture"), between the Issuer and
Allied Bank of Texas, as Trustee (the "Trustee");
3. An Acknowledgment of Extension of Guaranty Agree-
ment, dated as of September 1, 1984, (the "Guaranty Agreement"),
from Larry A. Richardson, J. K. Richardson, Michael A. +Barnett
and J. Michael Lengen (the "Guarantors") to the '`rustee;
4. A First Supplemental Deed of Trust and Security
Agreement, dated as of September 11 1984, (the "Mortgage") from
the User for the benefit of the Issuers
5. A Memorandum of First Supplemental Trust Inden-
ture, dated as of September 1, 1984, (the "Memorandum"), executed
by the Issuer and the Trustee; and
6. An Investment Letter, dated the date of delivery
of the Bonds (the "Investment Letter"), from Allied Bank Memorial
(the "Purchaser") to the Issuer and the Texas Economic Develop-
ment Corzission (the "Commission")_
THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE GEORGETOWN INDUSTRIAL DEVELOPMENT CORPORATION THAT:
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