HomeMy WebLinkAboutResolution 1986-035
RESOLUTION NO. 86-35
EXHIBIT C
RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF AN EQUIPMENT
LEASE/PURCHASE AGREEMENT, AND RELATED INSTRUMENTS, AND DETERMINING OTHER
MATTERS IN CONNECTION THEREWITH
WHEREAS, the governing body of North Richland Hills ("Lessee")
has determined that a true and very real need exists for the equipment (the
"Equipment") described in the Equipment Lease/Purchase Agreement (the
"Agreement") presented to this meeting; and
WHEREAS, Lessee has taken the necessary steps, including those
relating to any applicable legal bidding requirements, to arrange for the
acquisition of the Equipment; and
WHEREAS, Lessee proposes to enter into the Agreement
substantially in the form presented to this meeting.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF LESSEE AS
FOLLOWS:
Section 1. It is hereby found and determined that the terms of
the Agreement in the form presented to this meeting and incorporated in
this resolution, are in the best interests of Lessee for the acquisition of
the Equipment.
Section 2. The Agreement is hereby approved. The Mayor of
Lessee and any other officer of Lessee who shall have power to execute
contracts on behalf of Lessee be, and each of them hereby is, authorized to
execute, acknowledge and deliver the Agreement with any changes, insertions
and omissions therein as may be approved by the officers who execute the
Agreement, such approval to be conclusively evidenced by such execution and
delivery of the Agreement. The Mayor of the Lessee and any other officer
of Lessee who shall have power to do so be, and each of them hereby is,
authorized to affix the official seal of Lessee to the Agreement and attest
the same.
Section 3. The proper officers of Lessee be, and each of them
hereby is, authorized and directed to execute and deliver any and all
papers, instruments, opinions, certificates, affidavits and other documents
and to do or cause to be done any and all acts and things necessary or
proper for carrying out this resolution and the Agreement.
The undersigned further certifies that the above resolution has
not been repealed or amended and remains in full force and effect and
further certifies that the within Equipment Lease/Purchase Agreement is the
same as presented at said meeting of the governing body of Lessee.
PASSED AND APPROVED: August 25, 1986
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CitjlSecretary
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Mayor
ATTEST:
TO FORM AND LEGALITY: