Exhibit G to Subpart D of Part 1944 - Legal Service Agreement  


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  • Agreement made this _________ day of _________, 19__

    between the _________, hereinafter called the owners, and ______, hereinafter called the attorney, witnesseth:

    Whereas the owners intent to form a corporation, hereinafter called the corporation, to construct and operate a labor housing project in

    Town County State and to obtain a loan from the Farmers Home Administration or its successor agency under Public Law 103-354 to finance the construction, and the attorney agrees to perform all legal services necessary to incorporate the Corporation, and to perform all other customary legal services necessary to the organization, financing, construction, and initial operation of the proposed rural rental housing project, such services to include but not to be restricted to the following:

    1. Prepare and file necessary incorporating papers and supervise and assist in taking other necessary or incidental actions to create the Corporation and authorize it to finance, construct, and operate the proposed housing project.

    2. Prepare for, and furnish advice and assistance to the owners, and to the Board of Directors and officers of the Corporation, in connection with (a) notices and conduct of meetings; (b) preparation of minutes of meetings; (c) preparation and adoption of necessary resolutions in connection with the authorization, financing, construction, and initial operation of a rural rental housing project; (d) necessary construction contracts; (e) preparation of adoption of bylaws and related documents; (f) any other action necessary for organizing the Corporation or financing, constructing, and initially operating the proposed housing project.

    3. Review of construction contract, bid-letting procedure, and surety and performance bonds.

    4. Examination of real estate titles and preparation, review, and recording of deeds and any other instruments.

    5. Cooperation with the architect employed by the owners or the Corporation in connection with preparation of survey sheets, easements, and any other necessary title documents, construction contracts, and other instruments.

    6. Rendering of legal opinions as required by the owners or the Corporation or the Farmers Home Administration or its successor agency under Public Law 103-354, United States Department of Agriculture.

    7. Owners agree to pay to the attorney for professional services in accordance with this agreement, as follows:

    The fees to be payable in the following manner and at the following times: The attorney states and agrees that of the above total fees, __________ represents fees for services in connection with the organization and incorporation of the Corporation.

    The owners and the attorney further covenant and agree that, if upon organization and incorporation the Corporation fails or refuses to adopt and ratify this Agreement by appropriate resolution within ___ days, this Agreement shall terminate and owners shall be liable only for payment for legal services rendered in connection with such organization and incorporation.

    Signed this __________ day of __________, 19__.

    Attorney: Owners: