1-1 SENATE RESOLUTION NO. 416 1-2 WHEREAS, The Senate of the State of Texas is pleased to 1-3 recognize Floyd R. Westerman for his 50 years of distinguished 1-4 service in the investment banking business; and 1-5 WHEREAS, Presently the financial advisor for the County 1-6 of Webb, the Laredo Community College, and the Laredo Independent 1-7 School District, Mr. Westerman has specialized exclusively in 1-8 municipal finance throughout his career; and 1-9 WHEREAS, As a financial consultant or underwriter to Texas 1-10 municipalities, he has advised them in primarily every type of 1-11 financing, which has included tax and/or revenue bond issues, as 1-12 well as the various types of refunding; and 1-13 WHEREAS, Recognized by his colleagues for his expertise in 1-14 his field, Mr. Westerman became executive vice president of 1-15 M. E. Allison and Company, Incorporated, in 1972 after a three-year 1-16 association with Texas Securities Corporation; after opening a 1-17 public finance department at Knibbe Financial Group, Incorporated, 1-18 with his son in 1989, Mr. Westerman merged their department into 1-19 the municipal bond department of Southwest Securities; and 1-20 WHEREAS, A trusted advisor and valued friend, 1-21 Mr. Westerman has ably represented and guided countless clients 1-22 through capital improvement programs and the bond rating process 1-23 to achieve the highest possible bond credit ratings and the lowest 2-1 possible interest rates; and 2-2 WHEREAS, Floyd Westerman has also directed municipalities 2-3 through alternative funding methods including bond sales to state 2-4 and federal agencies, private placements of bond issues, as well 2-5 as comprehensive debt restructuring; he has worked closely over 2-6 the years with the leading municipal law firms in Texas; now, 2-7 therefore, be it 2-8 RESOLVED, That the Senate of the State of Texas, 2-9 75th Legislature, hereby commend Mr. Floyd Westerman for his 2-10 invaluable contributions to the citizens of Texas; and, be it 2-11 further 2-12 RESOLVED, That a copy of this Resolution be prepared for 2-13 Mr. Westerman as an expression of high regard from the Texas Senate. 2-14 Zaffirini 2-15 ______________________________________ 2-16 President of the Senate 2-17 I hereby certify that the above 2-18 Resolution was adopted by the Senate 2-19 on April 1, 1997. 2-20 ______________________________________ 2-21 Secretary of the Senate 2-22 ______________________________________ 2-23 Member, Texas Senate