HomeMy WebLinkAboutResolution 863/ RESOLUTION FILE NO.
7-17- z
A RESOLUTION
APPROVING AMENDMENTS TO THE ARTICLES OF INCORPORATION OF
THE TRINITY HOUSING FINANCE CORPORATION, RECONFIRMING AND
FIXING THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS
OF SUCH CORPORATION AND APPOINTING AND RATIFYING
APPOINTMENT OF MEMBERS TO THE BOARD OF DIRECTORS
WHEREAS , the City Council of the City of Fort Worth,
Texas (the "City" ) has heretofore approved the creation of
the Trinity Housing Finance Corporation (the "Corporation")
and the form of its Articles of Incorporation pursuant to
the Texas Housing Finance Corporations Act, Art. 12691-7 ,
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
WHEREAS , it is also deemed necessary and desirable to
reconfirm and fix the number of members of , and to appoint
and ratify the appointment of members to, the Board of
Directors of the Corporation; Now, Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS:
Section 1 . That, pursuant to the Act, the Articles of
r Amendment to the Articles of Incorporation of the Corpora-
tion are hereby adopted and approved, a copy of such
Articles of Amendment being attached hereto as Exhibit A.
Section 2 . 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.
Section 3 . That, the Board of Directors of the Corpor-
ation shall consist of nine persons.
Section 4 . That, the City Council hereby appoints , and
ratifies the appointment of, the following named persons,
each of whom is a citizen of the State of Texas and a
resident of the City, to serve as members of the Board of
Directors of the Corporation for the term shown opposite
their name and until their successor is appointed:
NAME TERM
Bob Bolen July 1 , 1984
Jim A. Bagsby July 1 , 1984
Dwaine Johnson July 1 , 1984
Russell Lancaster July 1 , 1984
Richard C. Newkirk July 1 , 1984
Herman F. Stute July 1 , 1984
Kathy Wetherby July 1 , 1984
Bert C. Williams July 1 , 1984
Louis J. Zapata July 1 , 1984
Section 5 . That, all Ordinances and Resolutions and
parts thereof in conflict herewith are hereby expressly
repealed insofar as they conflict herewith.
Section 6 . That, this Resolution shall take effect
immediately from and after its adoption and publication in
accordance with the law, and it is accordingly so resolved.
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ARTICLES OF AMENDMENT
TO THE
.� ARTICLES OF INCORPORATION
OF TRINITY HOUSING FINANCE CORPORATION
Pursuant to the provisions of Section 8 of the Texas
Housing Finance Corporations Act, Art. 12691-7 , 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 Trinity Housing Finance Corporation which:
prohibits such Corporation from making or
acquiring "home mortgages" .
ARTICLE ONE
The name of the Corporation is Trinity Housing Finance
Corporation.
ARTICLE TWO
.s The following amendment to the Articles of Incorpor-
ation was adopted by the City Council of the City of Fort
Worth, Texas on July 27 , 1982 .
Paragraph A of ARTICLE VI of the Articles of
Incorporation is hereby amended so as to read as follows :
ARTICLE VI
A. The Corporation shall have and possess
all powers conferred by the laws of the State of
Texas on public non-profit corporations created
under the Texas Housing Finance Corporations Act;
provided, however, that the Corporation shall not
have the power to make or acquire "home mortgages"
(as defined and used in the Texas Housing Finance
Corporations Act) ; nor shall the Corporation have
the power to make loans to lending institutions ,
the proceeds of which will be used by such lending
institutions to make "home mortgages" .
ARTICLE THREE
The amendment was adopted in the following manner:
The amendment was adopted at a duly called meeting of
the City Council of the City of Fort Worth, Texas , on July
27 , 1982 , at which a quorum was present, and the amendment
OBIT A
received the vote of a majority of the members of said City
Council.
IN WITNESS WHEREOF we, the presiding officer and
secretary of the City of Fort Worth, have hereunto set our
hands this 27th day of July, 1982.
CITY OF FORT WORTH, TEXAS
By : 7§Mayor �—
,Pit Secretary
(SEAL)
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