HomeMy WebLinkAboutResolution 2165A Resolution
No. ~ ~ [ O~~
WHEREAS the City Council of the City of Fort Worth, Texas (the 'City") has heretofore
approved the formation of the Fort Worth Housing Finance Corporation
(the `Corporation") and the form of its Articles of Incorporation pursuant
to the Texas Housing Finance Corporations Act, Art. 934 Vernon's Ann
Tex. Civ Stat. as amended (the Act") and
WHEREAS it is deemed necessary and desirable to amend the Articles of
Incorporation of the Corporation, and
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH TEXAS
THAT pursuant to the Act, the Articles of Amendment to the Articles of Incorporation
of the Corporation are hereby adopted and approved, a copy of such Articles of
Amendment being attached hereto as Exhibit A.
THAT the Mayor and the City Secretary are hereby authorized to execute the
Articles of Amendment and deliver such Articles of Amendment to the Secretary of State
and take whatever other action is necessary to accomplish the purposes of this Resolution.
THAT al{ ordinances and Resolutions and parts thereof in conflict herewith are
hereby expressly repealed insofar as they conflict herewith
THAT this Resolution shall take effect immediately from the date after its adoption
and publication in accordance with the law
AND IT IS SO RESOLVED
0
Adopted this c~~D~day of , 1996
APPR~UNG~..
CITY ~
~,.,:~~ 23 1996
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City of Fait Wostlt,'!~
CITY OF FORT WORTH
ARTICLES OF AMENDMENT
~: TO THE
ARTICLES OF INCORPORATION
OF FORT WORTH HOUSING FINANCE CORPORATION
Pursuant to the provisions of Section 1 of the Texas Housing Finance Corporations
Act, Art. 394 Vernon's Ann. Tex. Civ Stat. as amended the City Council of the City of
Fort Worth, Texas hereby adopts the following Articles of Amendment to the Articles of
Incorporation of the Fort Worth Housing Finance Corporation.
ARTICLE ONE
The name of the Corporation is Fort Worth Housing Finance Corporation
ARTICLE TWO
The following amendment alters the previously amended Article Four of the Articles
of Incorporation adopted by the City Council of the City of Fort Worth, Texas on July 27
1982, which prohibited such Corporation from making loans for 'residential development"
and certain other purposes.
• ARTICLE FOUR of the Articles of Incorporation is hereby amended so as to read
as follows
ARTICLE FOUR
The Corporation is organized exclusively for the purpose of benefiting
and accomplishing public purposes of and on behalf of the City by financing
the cost of residential ownership and development that will provide decent,
safe and sanitary housing for residents of the City at prices they can afford
It has been determined and declared by the Legislature of the State of Texas
that such residential ownership and development will (a) provide for and
promote the public health safety morals, and welfare• (b) relieve conditions
of unemployment and encourage the increase of industry and commercial
activity and economic development so as to reduce the evils attendant upon
unemployment; (c) provide for efficient and well-planned urban growth and
development including the elimination and prevention of potential urban blight
and the proper coordination of industrial facilities with public services mass
transportation and residential development; (d) assist persons of low and
moderate income in acquiring and owning decent, safe and sanitary housing
which they can afford; and (e) preserve and increase ad valorem tax bases
•
of local governmental units' and the foregoing have been determined and
declared by the Legislature of the State of Texas to lessen the burden of
government and to be public purposes and functions. The Corporation shall.
have the power to develop and promote the establishment of `residential
development" to make loans to any person, including any lending institution,
to defray in whole or in part, the development costs of any `residential
development"~ and shall have the power to make loans to lending institutions
the proceeds of which wi11 be used by such lending institutions to make
'home mortgages" (as defined and used in the Texas Housing Finance
Corporations Act)
ARTICLE THREE
The amendment was adopted in the following manner
The amendment was ad ted at a duly called meeting of the City Council of the City
of Fort Worth Texas on ~.„ ~~, 1996 at which a quorum was
present, and the amendment re ived the vote of a majority of the members of said City
Council
IN WITNESS WHEREOF we the presiding officer and sect ry of the City of Fort
Worth, have hereunto set our hands this a~3 r~ day of ,
1996
•
CITY OF FORT WORTH TEXAS
By.
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City Secretary
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STATE OF TEXAS §
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COUNTY OF TARRANT §
I the undersigned, a Notary Public, do hereby certify that on this ~ day of
1996 personally appeared before me Jewel Woods and
Alice Church, who each being by me first duly sworn, severally declared that they are the
persons who signed the foregoing document as Mayor and City Secretary of the City of
Fort Worth, Texas, 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.
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Notary Publi in and for Tarrant County Texas
•
=t~1~V ~",: SHIRLEY FERRELL
• -3-
• August 6,1996
Secretary of State
Corporation Section
c/o Pat Cantrell
Document Examiner
P O Box 13697
Austin, Texas 78711-3697
RE Articles of Amendment of the Articles of Incorporation of The Fort
Worth Housing Finance Corporation
Dear Mr Cantrell
Enclosed you will find two copies of The Articles of Amendment to the Articles
of Incorporation of Fort Worth Housing Finance Corporation, and a Check for
$25.00 for the filing fee. Thank you for your cooperation in handling this
matter
If, you have any questions please, call me at (817) 871-6156.
Yours truly,
Tennie Cole
City Secretary's Office
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Sent Certified Mail
Recpt. # P 894 355 437
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