Resolution No. 2015-01 (Amended) CERTIFICATE OF CORPORATE RESOLUTION 2015-01(R)
Dater' , 2015
Corporation: Wylie Economic Development Corporation, a Texas Non-Profit Corporation
Date of Meeting of Board of Directors: August 19, 2015
We, the President and Secretary of the Corporation, certify the following facts:
1. The Corporation is a Texas Non-Profit Development Corporation, organized
and operating under the Development Corporation Act, Chapter 501 of the Texas Local
Government Code, is qualified to do business, and in good standing.
2. No proceedings for forfeiture of the certificate of incorporation or for
voluntary or involuntary dissolution of the Corporation are pending.
3. Neither the articles of incorporation nor the bylaws of the Corporation limit
the Board of Directors to adopt the resolution below.
4. The President and Secretary are the persons authorized to make and sign this
resolution.
5. The Secretary keeps the records and minutes of the proceedings of the Board
of Directors of the Corporation, and the resolution below is an accurate reproduction of the
one made in those proceedings; it has not been altered, amended, rescinded, or repealed; and
it is now in effect.
6. The resolution below was legally adopted at a legally called meeting of the
Board of Directors pursuant to the Texas Open Meetings Act.
7. The following resolutions were adopted by the Board of Directors:
"RESOLVED, the Corporation approves the terms and conditions of
the Loan Documents, including but not limited to, a Promissory Note and
Security Agreement in order to borrow the sum of $387,317.13 from the
American National Bank of Texas to fund the refinance of the seller note to
purchase 605 Commerce Street, Wylie, Texas and to fund a portion of the
purchase price of the property located at 106 N. Birmingham Street, Wylie,
Texas, in order to promote the economic development in the City of Wylie;
"RESOLVED FURTHER, that as security for the $387,317.13 loan
from the American National Bank that the Corporation pledges the use and
sales tax revenues it receives from the City of Wylie;
Certificate of Corporate Resolution Page 1
"RESOLVED FURTHER, that the President, Marvin Fuller, is hereby
authorized in the name of this Corporation and as its own act to execute the
Promissory Note, the Security Agreement and all other documents necessary
to borrow $387,317.13 from The American National Bank of Texas to the
Corporation and to pledge the Corporation's sales and use tax receipts as
security for such Note; and
"RESOLVED FURTHER, that the Secretary of the Corporation is
directed to certify the minutes of this meeting and the contents of these
resolutions and to deliver the certification in support of the authority of the
Directors named above to act on behalf of this Corporation."
WYLIE ECONOMIC DEVELOPMENT
CORPORATION,
a Texas Non-Pro f i7orp orati on
.il
i
Marvin Fuller, Presi ent
John Y ger, Secretary
STATE OF TEXAS §
§
COUNTY OF COLLIN §
This instrument was acknowledged before me on , , 2015 by Marvin
Fuller, President of the Wylie Economic Development Corporation, a Texas Non-Profit
Corporation. „ ""'
°' /
L
GANT //
/
,� NotaryAPubEc State of Texas _ "
� . ti My Commission Expires
",w� November 04, 2018 NotaryPublic
" in and or
The State of Texas
STATE OF TEXAS §
§
COUNTY OF COLLIN §
g - ,J
This instrument was acknowledged before meon „� 2 f , 2015 by John
Yeager, Secretary of the Wylie Economic Development Cotoration, a Texas Non-Profit
Corporation. "
"` ANGEL WYGANT „ /',- ,'-
Notary Public.Stote of Texas
'A My Commission Expires Notary Public for the State of Texas
k"�,E" November 04, 2018
'�,erawww�'"
Certificate of Corporate Resolution Page 2