Document:

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                                                                    EXHIBIT 4.11
                                     FORM OF
                            STATEMENT OF DESIGNATION
                                       OF
            SERIES C CUMULATIVE REDEEMABLE PERPETUAL PREFERRED SHARES
                                       OF
                               BENEFICIAL INTEREST
                                       OF
                              CAMDEN PROPERTY TRUST

                                   ARTICLE ONE

     CAMDEN  PROPERTY  TRUST (the  "COMPANY"),  pursuant  to the  provisions  of
Section  3.30 of the Texas  Real  Estate  Investment  Trust Act (the  "TREITA"),
hereby  files  this  Statement  of  Designation  of 8.25%  Series  C  Cumulative
Redeemable Perpetual Preferred Shares of Beneficial Interest of the Company (the
"STATEMENT")  prior to the  issuance of any shares of 8.25%  Series C Cumulative
Redeemable  Perpetual  Preferred Shares of Beneficial  Interest,  such series of
unissued  shares  having been  established  by a resolution  duly adopted by all
necessary action on the part of the Company and the Board of Trust Managers,  as
provided for in the Amended and Restated  Declaration of Trust (the "DECLARATION
OF TRUST").

                                   ARTICLE TWO

         The name of the Company is Camden Property Trust.

                                  ARTICLE THREE

     Pursuant to the authority conferred upon the Board of Trust Managers by the
Declaration  of  Trust  and  Section  3.30 of the  TREITA,  the  Board  of Trust
Managers,  pursuant  to  Section  10.20  of the  TREITA,  adopted  a  resolution
establishing the 8.25% Series C Cumulative Redeemable Perpetual Preferred Shares
of Beneficial  Interest of the Company and designating the series and fixing and
determining the preferences,  limitations,  and relative rights thereof,  as set
forth in the true and correct copy of the resolution  attached hereto as EXHIBIT
A (the "DESIGNATING RESOLUTION").

                                  ARTICLE FOUR

     The Designating Resolution was adopted effective as of August 13, 1999.

                                  ARTICLE FIVE
     The Designating  Resolution was duly adopted by all necessary action on the
part of the Company.

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     IN WITNESS  WHEREOF,  the  undersigned  officer has executed this Statement
effective as of August 13, 1999.

                                           CAMDEN PROPERTY TRUST

                                           By:__________________________________
                                                 Name:
                                                 Title:

                                           Notary Public, State of Texas

                                           Printed Name of Notary

                                           My Commission Expires:

                                           _____________________________________

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                                    EXHIBIT A

                             DESIGNATING RESOLUTION
                             BOARD OF TRUST MANAGERS
                              CAMDEN PROPERTY TRUST
                                 AUGUST 13, 1999

AUTHORIZATION OF SERIES C CUMULATIVE  CONVERTIBLE PREFERRED SHARES OF BENEFICIAL
INTEREST

     WHEREAS,  the  Board  of Trust  Managers  of  Camden  Property  Trust  (the
"COMPANY")  has  deemed it to be in the best  interest  of the  Company  and its
shareholders  for the Company to  establish  an  additional  series of preferred
shares  pursuant to the authority  granted to the Board of Trust Managers in the
Amended and Restated  Declaration of Trust (the  "DECLARATION  OF TRUST") of the
Company:

     NOW, THEREFORE,  BE IT RESOLVED,  that, pursuant to the authority vested in
the Board of Trust  Managers by the  Declaration of Trust, a series of preferred
shares is hereby established, and the terms of the same shall be as follows:

          SECTION 1.  DESIGNATION  AND NUMBER.  A series of Preferred  Shares of
     Beneficial Interest,  designated the "8.25% Series C Cumulative  Redeemable
     Perpetual Preferred Shares of Beneficial Interest" (the "SERIES C PREFERRED
     SHARES") is hereby established. The number of shares of Beneficial Interest
     of Series C Preferred Shares shall be 520,000.

          SECTION 2.  RANK. The Series C Preferred  Shares will, with respect to
     distributions  and  rights  upon  voluntary  or  involuntary   liquidation,
     winding-up  or  dissolution  of the  Company,  or both,  rank senior to all
     classes or series of Common Shares (as defined in the Declaration of Trust)
     and to all  classes or series of equity  securities  of the  Company now or
     hereafter authorized, issued or outstanding, other than any class or series
     of equity  securities of the Company  expressly  designated as ranking on a
     parity  with  (including,  without  limitation,  the  Series  A  Cumulative
     Convertible Preferred Shares of Beneficial Interest of the Company provided
     for in the Company's  Statement of Designation  filed with the County Clerk
     of Harris County, Texas, on April 8, 1998 (the "SERIES A PREFERRED SHARES")
     and the Series B  Cumulative  Convertible  Preferred  Shares of  Beneficial
     Interest  of  the  Company  provided  for  in the  Company's  Statement  of
     Designation  filed  with the  County  Clerk of  Harris  County,  Texas,  on
     February  24,  1999 (the  "SERIES B  PREFERRED  SHARES"))  or senior to the
     Series C Preferred Shares as to distributions  and rights upon voluntary or
     involuntary  liquidation,  winding-up or  dissolution  of the Company.  For
     purposes of this Designating Resolution, the term "PARITY PREFERRED SHARES"
     shall be used to refer to any class or series of equity  securities  of the
     Company  now or  hereafter  authorized,  issued  or  outstanding  expressly
     designated  by the  Company  to rank on a parity  with  Series C  Preferred
     Shares  with  respect  to  distributions   and  rights  upon  voluntary  or
     involuntary   liquidation,   winding-up  or   dissolution  of  the  Company
     including,  without limitation,  the Series A Preferred Shares and Series B
     Preferred Shares. The term "EQUITY SECURITIES" does not include convertible
     debt  securities  (or other  evidences  of  indebtedness),  which will rank
     senior  to the  Series C  Preferred  Shares;  provided,  however,  the term
     "EQUITY  SECURITIES"  shall include any equity  securities  issued upon the
     conversion of convertible debt securities into equity when issued.

          SECTION 3. DISTRIBUTIONS.

                          (a)  PAYMENT  OF  DISTRIBUTIONS. Subject to the rights
                  of holders of Parity  Preferred  Shares and  holders of equity
                  securities  ranking  senior to the Series C Preferred  Shares,
                  holders of Series C  Preferred  Shares  shall be  entitled  to
                  receive,  when,  as and if  declared  by the  Board  of  Trust
                  Managers of the Company,  out of funds  legally  available for
                  the payment of  distributions,  cumulative  preferential  cash
                  distributions  at the  rate per  annum of 8.25% of the  $25.00
                  liquidation  preference  per Series C  Preferred  Share.  Such
                  distributions  shall  be  cumulative,  shall  accrue  from the
                  original  date of issuance  and will be payable (i)  quarterly
                  (such  quarterly  periods for  purposes of payment and accrual
                  will be the quarterly periods ending on the dates specified in
                  this sentence and not calendar year quarters) in arrears,  not
                  later than the third  calendar  day after  March 31,  June 30,
                  September  30 and  December  31 of  each  year  commencing  on
                  September 30, 1999 and, (ii) in the event of a redemption,  on

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                  the  redemption  date (each a "PREFERRED  SHARES  DISTRIBUTION
                  PAYMENT DATE"). The amount of the distribution payable for any
                  period  will be  computed  on the basis of a  360-day  year of
                  twelve  30-day  months and for any period  shorter than a full
                  quarterly  period for which  distributions  are computed,  the
                  amount of the  distribution  payable  will be  computed on the
                  basis of the actual number of days elapsed in such period.  If
                  any date on which distributions are to be made on the Series C
                  Preferred  Shares is not a Business  Day (as defined  herein),
                  then payment of the  distribution to be made on such date will
                  be made on the next succeeding day that is a Business Day (and
                  without any  interest or other  payment in respect of any such
                  delay)  except  that,  if  such  Business  Day is in the  next
                  succeeding  calendar  year,  such payment shall be made on the
                  immediately preceding Business Day, in each case with the same
                  force and effect as if made on such date. Distributions on the
                  Series  C  Preferred  Shares  will be made to the  holders  of
                  record of the Series C Preferred Shares on the relevant record
                  dates  to be  fixed by the  Board  of  Trust  Managers  of the
                  Company,  which  record  dates  shall  in no event  exceed  15
                  Business   Days  prior  to  the  relevant   Preferred   Shares
                  Distribution Payment Date (each a "DISTRIBUTION RECORD DATE").
                  Notwithstanding  anything to the  contrary  set forth  herein,
                  each share of Series C Preferred Shares shall also continue to
                  accrue all  accrued and unpaid  distributions,  whether or not
                  declared,  up to the  exchange  date on any Series C Preferred
                  Unit (as defined in the Third  Amended and Restated  Agreement
                  of Limited Partnership of Camden Operating,  L.P. (as amended,
                  the  "PARTNERSHIP  AGREEMENT"),  as amended  through  the date
                  hereof)  validly   exchanged  into  such  share  of  Series  C
                  Preferred  Shares in  accordance  with the  provisions of such
                  Partnership Agreement.

                          The term  "BUSINESS  DAY" shall mean  each day,  other
                  than a  Saturday  or a  Sunday,  which  is not a day on  which
                  banking  institutions  in Texas are  authorized or required by
                  law, regulation or executive order to close.

                          (b)  DISTRIBUTIONS  CUMULATIVE.  Distributions  on the
                  Series C Preferred Shares will accrue whether or not the terms
                  and provisions of any agreement of the Company,  including any
                  agreement  relating to its  indebtedness  at any time prohibit
                  the  current  payment  of  distributions,  whether  or not the
                  Company has  earnings,  whether or not there are funds legally
                  available for the payment of such distributions and whether or
                  not such distributions are authorized or declared. Accrued but
                  unpaid  distributions  on the Series C  Preferred  Shares will
                  accumulate as of the  Preferred  Shares  Distribution  Payment
                  Date on which  they first  become  payable.  Distributions  on
                  account of arrears  for any past  distribution  periods may be
                  declared and paid at any time,  without reference to a regular
                  Preferred  Shares  Distribution  Payment  Date to  holders  of
                  record of the Series C  Preferred  Shares on the  record  date
                  fixed by the  Board of Trust  Managers  which  date  shall not
                  exceed  fifteen (15)  Business Days prior to the payment date.
                  Accumulated and unpaid distributions will not bear interest.

                          (c)  PRIORITY AS TO DISTRIBUTIONS.

                               (i)    So long as any   Series C Preferred Shares
                          is outstanding,  no  distribution  of  cash  or  other
                          property shall  be authorized,  declared,  paid or set
                          apart for payment  on or with  respect to any class or
                          series  of  Common  Shares  or any  class or series of
                          other shares of the Company  ranking junior  as to the
                          payment of  distributions  or rights upon voluntary or
                          involuntary dissolution, liquidation  or winding up of
                          the  Partnership  to  the  Series C  Preferred  Shares
                          (such   Common   Shares  or   other   junior   shares,
                          collectively, "JUNIOR SHARES"), nor  shall any cash or
                          other  property  be  set aside for or  applied  to the
                          purchase,   redemption  or   other   acquisition   for
                          consideration of  any Series C Preferred  Shares,  any
                          Parity Preferred Shares or any Junior  Shares, unless,

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                          in  each case,  all  distributions  accumulated on all
                          Series C Preferred  Shares and all  classes and series
                          of outstanding  Parity Preferred Shares have been paid
                          in full. The foregoing  sentence will not prohibit (i)
                          distributions  payable solely in Junior  Shares,  (ii)
                          the  conversion of Series C Preferred  Shares,  Junior
                          Shares or Parity  Preferred Shares  into shares of the
                          Company  ranking  junior  to  the  Series C  Preferred
                          Shares as  to distributions, and (iii) purchase by the
                          Company of  such  Series C  Preferred  Shares,  Parity
                          Preferred Shares or Junior Shares  pursuant to Article
                          Nineteen  of the  Declaration  of Trust  to the extent
                          required to  preserve the  Company's  status as a real
                          estate investment trust.

                               (ii)   So long  as distributions  have  not  been
                          paid in  full  (or a  sum  sufficient  for  such  full
                          payment  is not  irrevocably  deposited  in  trust for
                          payment)  upon  the  Series C  Preferred  Shares,  all
                          distributions authorized and declared  on the Series C
                          Preferred   Shares  and  all   classes  or  series  of
                          outstanding  Parity  Preferred  Shares with respect to
                          distributions  shall  be  authorized  and  declared so
                          that  the   amount  of  distributions  authorized  and
                          declared per  Series C Preferred  Share and such other
                          classes or series of Parity  Preferred Shares shall in
                          all  cases  bear to each  other the  same  ratio  that
                          accrued  distributions  per  Series C Preferred  Share
                          and such other  classes or series of Parity  Preferred
                          Shares (which shall  not include any  accumulation  in
                          respect   of    unpaid    distributions    for   prior
                          distribution  periods  if  such  class  or  series  of
                          Parity   Preferred  Shares  do   not  have  cumulative
                          distribution rights) bear to each other.

                          (e)  NO FURTHER  RIGHTS. Holders of Series C Preferred
                  Shares  shall not  be entitled  to  any distributions, whether
                  payable  in  cash, other  property or  otherwise, in excees of
                  the full cumulative distributions described herein.

                  SECTION 4.   LIQUIDATION PREFERENCE.

                          (a)  PAYMENT OF LIQUIDATING DISTRIBUTIONS,. Subject to
                  the rights of holders of Parity  Preferred Shares with respect
                  to  rights  upon any  voluntary  or  involuntary  liquidation,
                  dissolution or winding-up of the Company and subject to equity
                  securities  ranking  senior to the Series C  Preferred  Shares
                  with  respect  to rights  upon any  voluntary  or  involuntary
                  liquidation,  dissolution  or winding-up  of the Company,  the
                  holders of Series C  Preferred  Shares  shall be  entitled  to
                  receive out of the assets of the Company legally available for
                  distribution  or  the  proceeds  thereof,   after  payment  or
                  provision for debts and other liabilities of the Company,  but
                  before any  payment or  distributions  of the assets  shall be
                  made to holders of Common  Shares or any other class or series
                  of shares of the  Company  that  ranks  junior to the Series C
                  Preferred Shares as to rights upon liquidation, dissolution or
                  winding-up of the Company, an amount equal to the sum of (i) a
                  liquidation  preference  of $25 per Series C Preferred  Share,

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                  and  (ii)  an  amount  equal  to any  accumulated  and  unpaid
                  distributions thereon, whether or not declared, to the date of
                  payment. In the event that, upon such voluntary or involuntary
                  liquidation, dissolution or winding-up, there are insufficient
                  assets to permit full payment of liquidating  distributions to
                  the  holders  of  Series C  Preferred  Shares  and any  Parity
                  Preferred Shares as to rights upon liquidation, dissolution or
                  winding-up  of  the  Company,   all  payments  of  liquidating
                  distributions on the Series C Preferred Shares and such Parity
                  Preferred  Shares  shall be made so that the  payments  on the
                  Series C  Preferred  Shares and such Parity  Preferred  Shares
                  shall in all cases  bear to each other the same ratio that the
                  respective  rights of the Series C  Preferred  Shares and such
                  other  Parity  Preferred  Shares  (which shall not include any
                  accumulation  in  respect  of unpaid  distributions  for prior
                  distribution  periods if such Parity  Preferred  Shares do not
                  have  cumulative   distribution   rights)  upon   liquidation,
                  dissolution or winding-up of the Company bear to each other.

                          (b)  NOTICE.  Written notice of  any such voluntary or
                  involuntary  liquidation,  dissolution  or  winding-up  of the
                  Company, stating the payment date or dates when, and the place
                  or  places   where,   the   amounts   distributable   in  such
                  circumstances shall be payable,  shall be given by (i) fax and
                  (ii) by first  class  mail,  postage  pre-paid,  not less than
                  thirty  (30) and not more than  sixty  (60) days  prior to the
                  payment  date stated  therein,  to each  record  holder of the
                  Series C Preferred Shares at the respective  addresses of such
                  holders as the same shall appear on the share transfer records
                  of the Company.

                          (c)  NO FURTHER  RIGHTS. After  payment  of  the  full
                  amount  of the  liquidating  distributions to  which  they are
                  entitled, the  holders of Series C Preferred  Shares will have
                  no  right or claim  to any of  the  remaining  assets  of  the
                  Company.

                          (d)  CONSOLIDATION,    MERGER    OR    CERTAIN   OTHER
                  TRANSACTIONS.  The voluntary sale, conveyance, lease, exchange
                  or transfer  (for cash,  shares of stock,  securities or other
                  consideration)  of all or substantially all of the property or
                  assets of the  Company to, or the  consolidation  or merger or
                  other  business  combination  of the Company with or into, any
                  Company,  trust or other entity (or of any  Company,  trust or
                  other  entity with or into the  Company) or a statutory  share
                  exchange  shall  not be deemed to  constitute  a  liquidation,
                  dissolution or winding-up of the Company.

                  SECTION 5.   OPTIONAL REDEMPTION.

                          (a)  RIGHT  OF  OPTIONAL  REDEMPTION.   The  Series  C
                  Preferred  Shares may not,  subject  to  SECTION 7 hereof,  be
                  redeemed  prior to August 13, 2004. On or after such date, the
                  Company  shall have the right to redeem the Series C Preferred
                  Shares, in whole or in part, at any time or from time to time,
                  upon not less than 30 nor more than 60 days written notice, at
                  a redemption price, payable in cash, equal to $25 per Series C
                  Preferred  Share plus  accumulated  and unpaid  distributions,
                  whether or nor declared,  to the date of redemption.  If fewer
                  than all of the  outstanding  shares  of  Series  C  Preferred
                  Shares are to be redeemed, the Series C Preferred Shares to be
                  redeemed  shall be selected pro rata (as nearly as practicable
                  without creating fractional units).

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                          (b)  LIMITATION  ON  REDEMPTION.  Subject to SECTION 7
                  hereof,  the  Company  may not  redeem  fewer  than all of the
                  outstanding  Series C Preferred  Shares unless all accumulated
                  and  unpaid  distributions  have been paid on all  outstanding
                  Series  C  Preferred  Shares  for all  quarterly  distribution
                  periods terminating on or prior to the date of redemption.

                          (c)  PROCEDURES FOR REDEMPTION.

                               (i)    Notice of  redemption  will  be (i) faxed,
                          and (ii) mailed by  the Company,  postage prepaid, not
                          less than  thirty  (30) nor more  than sixty (60) days
                          prior  to   the  redemption  date,  addressed  to  the
                          respective   holders   of   record  of  the  Series  C
                          Preferred  Shares to be redeemed  at their  respective
                          addresses as  they appear on the  transfer  records of
                          the  Company.  No  failure  to give  or defect in such
                          notice shall  affect the validity of  the  proceedings
                          for the  redemption of  any Series C Preferred  Shares
                          except  as  to the  holder  to whom  such  notice  was
                          defective   or   not  given.   In   addition   to  any
                          information  required  by law  or  by  the  applicable
                          rules  of   any  exchange  upon  which  the  Series  C
                          Preferred   Shares  may  be  listed  or   admitted  to
                          trading,  each   such  notice  shall  state:  (i)  the
                          redemption date, (ii) the  redemption price, (iii) the
                          number of  shares of Series C  Preferred  Shares to be
                          redeemed,  (iv) the place or places  where such shares
                          of Series C   Preferred  Shares are to be  surrendered
                          for  payment  of   the  redemption   price,  (v)  that
                          distributions  on the Series  C Preferred Shares to be
                          redeemed will  cease to accumulate on such  redemption
                          date and (vi) that  payment of  the  redemption  price
                          and any  accumulated and unpaid  distributions will be
                          made upon presentation and  surrender of such Series C
                          Preferred  Shares. If fewer than all of  the shares of
                          Series C  Preferred  Shares  held by any holder are to
                          be redeemed,  the notice  mailed to  such holder shall
                          also  specify   the  number  of  shares  of  Series  C
                          Preferred Shares held by such holder to be redeemed.

                               (ii)   If   the  Company   gives   a   notice  of
                          redemption  in respect of  Series C  Preferred  Shares
                          (which  notice will  be  irrevocable)  then,  by 12:00
                          noon,  Houston  time,  on  the  redemption  date,  the
                          Company  will  deposit  irrevocably  in  trust for the
                          benefit  of   the  Series  C  Preferred  Shares  being
                          redeemed  funds  sufficient  to   pay  the  applicable
                          redemption  price,  plus  any  accumulated  and unpaid
                          distributions,  whether  or not  declared,  if any, on
                          such shares to the  date fixed for redemption, without
                          interest, and will give  irrevocable  instructions and
                          authority  to   pay  such  redemption  price  and  any
                          accumulated and unpaid distributions, if  any, on such
                          shares  to the  holders  of  the  Series  C  Preferred
                          Shares upon  surrender of the  certificate  evidencing
                          the Series C  Preferred  Shares by such holders at the

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                          place  designated  in  the  notice of  redemption.  If
                          fewer than all  Series C Preferred Shares evidenced by
                          any certificate is  being redeemed,  a new certificate
                          shall be  issued  upon  surrender  of the  certificate
                          evidencing all Series C Preferred  Shares,  evidencing
                          the unredeemed  Series C Preferred Shares without cost
                          to the  holder  thereof.  On  and  after  the  date of
                          redemption,  distributions will cease to accumulate on
                          the Series C  Preferred  Shares  or  portions  thereof
                          called for  redemption, unless the Company defaults in
                          the payment thereof. If any date  fixed for redemption
                          of Series  C Preferred  Shares is not a Business  Day,
                          then payment of the  redemption  price payable on such
                          date will  be made on the next  succeeding day that is
                          a Business  Day (and  without  any  interest  or other
                          payment in respect  of any such delay) except that, if
                          such  Business  Day falls in the next  calendar  year,
                          such  payment   will   be  made  on  the   immediately
                          preceding  Business  Day,  in each case  with the same
                          force and  effect  as  if made on such date  fixed for
                          redemption. If  payment of the redemption price or any
                          accumulated or unpaid distributions  in respect of the
                          Series C Preferred  Shares  is improperly  withheld or
                          refused and not  paid by the Company, distributions on
                          such  Series C  Preferred   Shares  will  continue  to
                          accumulate  from  the original  redemption date to the
                          date of  payment,  in which  case the  actual  payment
                          date will be  considered the date fixed for redemption
                          for purposes of calculating the  applicable redemption
                          price and any accumulated and unpaid distributions.

                          (d)  STATUS OF REDEEMED SHARES. Any Series C Preferred
                  Shares that shall at any time have been  redeemed  shall after
                  such  redemption,  have the status of authorized  but unissued
                  Preferred  Shares,  without  designation as to class or series
                  until  such  shares  are  once  more  designated  as part of a
                  particular class or series by the Board of Trust Managers.

                  SECTION 6.   VOTING RIGHTS.

                          (a)  GENERAL. Holders of the Series C Preferred Shares
                  will not have any voting rights, except as set forth below.

                          (b)  RIGHT TO ELECT TRUST MANAGERS.

                               (i)    If at any  time distributions shall  be in
                          arrears  with  respect  to  six  (6)  prior  quarterly
                          distribution  periods (including  quarterly periods on
                          the Series  C Preferred  Units  prior to the  exchange
                          into  Series  C  Preferred  Shares),  whether  or  not
                          consecutive,  and  shall not have been paid in full (a
                          "PREFERRED   DISTRIBUTION  Default"),  the  authorized
                          number  of  members  of  the  Board of Trust  Managers
                          shall  automatically  be increased  by two (2) and the
                          holders of record  of such Series C Preferred  Shares,

<PAGE>    31
                          voting together  as a single class with the holders of
                          each class or  series of Parity  Preferred Shares upon
                          which like voting rights have  been  conferred and are
                          exercisable,  will  be entitled to fill the  vacancies
                          so created  by electing  two  additional  directors to
                          serve on  the Company's  Board of Trust  Managers (the
                          "PREFERRED  SHARES  TRUST  MANAGERS")   at  a  special
                          meeting called in accordance  with SECTION 6(B)(II) at
                          the next annual meeting of shareholders,  and  at each
                          subsequent  annual meeting  of shareholders or special
                          meeting   held  in  place  thereof,   until  all  such
                          distributions  in arrears  and  distributions  for the
                          current  quarterly  period on the  Series C  Preferred
                          Shares  and  each  such  class  or  series  of  Parity
                          Preferred Shares have been paid in full.

                               (ii)   At any time when such  voting rights shall
                          have  vested,  a proper  officer of  the Company  may,
                          and upon  written request  of holders of  record of at
                          least  ten  percent (10%) of  the  outstanding  Series
                          C Preferred Shares (addressed  to the Secretary at the
                          principal  office  of the Company) shall call or cause
                          to be  called a special  meeting  of  the  holders  of
                          Series  C  Preferred  Shares  and  all the  series  of
                          Parity Preferred  Shares upon which like voting rights
                          have    been    conferred    and    are    exercisable
                          (collectively,  the "PARITY SECURITIES"); such call to
                          be made by special notice similar to  that provided in
                          the By-laws of the  Company for a  special  meeting of
                          the  shareholders  or as  required by law. If any such
                          special  meeting  required  to   be  called  as  above
                          provided  shall  not be called within twenty (20) days
                          after receipt of any such  request, then any holder of
                          the Series C Preferred  Shares may call  such  meeting
                          upon the notice  above provided,  and for that purpose
                          shall have access to  the  shareholder  records of the
                          Company.  The record date for  determining  holders of
                          the  Parity  Securities  entitled  to notice of and to
                          vote at such  special  meeting  will  be the  close of
                          business on  the third  Business Day preceding the day
                          on which such notice  is mailed.  At any such  special
                          meeting, all of the holders of the  Parity Securities,
                          by a vote  of at least the  minimum  portion of Parity
                          Securities permitted  under TREITA, voting together as
                          a single  class  without  regard  to  series  will  be
                          entitled to elect two  directors  on the  basis of one
                          vote  per $25.00 of  liquidation  preference  to which
                          such  Parity  Securities  are  entitled by their terms
                          (excluding  amounts  in  respect  of  accumulated  and
                          unpaid dividends) and  not cumulatively. The holder or
                          holders of  one-third of  the Parity  Securities  then
                          outstanding,  present  in  person  or by  proxy,  will
                          constitute a quorum for  the election of the Preferred
                          Shares Trust  Managers except as otherwise provided by
                          law.  Notice of all meetings at  which  holders of the
                          Series C Preferred  Shares  shall be  entitled to vote
                          will be given to such  holders  at their  addresses as
                          they  appear  in  the  transfer  records.  At any such

<PAGE>    32

                          meeting  or  adjournment  thereof in the  absence of a
                          quorum,  subject to  the  provisions of any applicable
                          law,  a   majority   of  the  holders  of  the  Parity
                          Securities  present in  person or by proxy  shall have
                          the power to adjourn the meeting for  the  election of
                          the Preferred  Shares Trust Managers,  without  notice
                          other than an  announcement  at  the meeting,  until a
                          quorum  is  present.   If  a  Preferred   Distribution
                          Default shall  terminate after the notice of a special
                          meeting  has  been  given   but  before  such  special
                          meeting has  been held, the Company shall,  as soon as
                          practicable after such  termination,  mail or cause to
                          be mailed  notice  of such  termination  to holders of
                          the Series C  Preferred  Shares  that would  have been
                          entitled to vote at such special meeting.

                               (iii) If and  when all accumulated  distributions
                          and  the  distribution  for  the current  distribution
                          period on  the Series C  Preferred Shares  shall  have
                          been  paid  in  full  or  a  sum  sufficient  for such
                          payment is irrevocably deposited in trust for payment,
                          the holders of the Series  C Preferred Shares shall be
                          divested  of the voting  rights  set forth  in SECTION
                          6(B)  herein  (subject to  revesting  in the event  of
                          each and  every  Preferred  Distribution Default) and,
                          if all distributions in arrears  and the distributions
                          for the  current  distribution  period  have been paid
                          in full or set aside for payment in full on  all other
                          classes  or  series  of  Parity Preferred  Shares upon
                          which like voting  rights have been  conferred and are
                          exercisable,  the  term  and office of each  Preferred
                          Shares Trust Manager so elected shall  terminate.  Any
                          Preferred Shares Trust Manager  may be  removed at any
                          time with or without cause  by the vote of,  and shall
                          not  be  removed  otherwise  than by the  vote of, the
                          holders of  record of  a majority  of  the outstanding
                          Series C Preferred Shares  when they  have  the voting
                          rights set forth in SECTION  6(B)  (voting  separately
                          as a single class with  all other classes or series of
                          Parity Preferred Shares upon  which like voting rights
                          have  been conferred  and  are exercisable).   So long
                          as  a Preferred  Distribution  Default shall continue,
                          any vacancy in the office of a Preferred  Shares Trust
                          Manager  may  be  filled  by  written  consent  of the
                          Preferred  Shares Trust  Manager  remaining in office,
                          or if  none  remains  in  office,  by  a  vote  of the
                          holders  of record of  a majority  of the  outstanding
                          Series C  Preferred  Shares  when they have the voting
                          rights set forth  in SECTION 6(B)  (voting  separately
                          as a single class with all other classes  or series of
                          Parity Preferred  Shares upon which like voting rights
                          have  been   conferred  and  are   exercisable).   The
                          Preferred Shares Trust Manager  shall each be entitled
                          to one vote per director on any matter.

                          (c)  CERTAIN  VOTING RIGHTS.  Notwithstanding anything
                  to the contrary contained in the Declaration of Trust, so long
                  as any Series C  Preferred  Shares  remains  outstanding,  the
                  Company shall not, without the affirmative vote of the holders
                  of at  least  two-thirds  of the  Series  C  Preferred  Shares

<PAGE>    33
                  outstanding at the time: (i) designate or create,  or increase
                  the  authorized  or issued  amount  of, any class or series of
                  shares  ranking  prior to the Series C  Preferred  Shares with
                  respect   to   payment  of   distributions   or  rights   upon
                  liquidation,  dissolution  or  winding-up  or  reclassify  any
                  authorized  shares of the  Company  into any such  shares,  or
                  create,   authorize  or  issue  any  obligations  or  security
                  convertible  into or evidencing the right to purchase any such
                  shares,  (ii) designate or create,  or increase the authorized
                  or issued amount of, any Parity Preferred Shares or reclassify
                  any authorized  shares of the Company into any such shares, or
                  create,   authorize  or  issue  any  obligations  or  security
                  convertible  into or evidencing the right to purchase any such
                  shares, but only to the extent such Parity Preferred Shares is
                  issued to an  affiliate  of the  Company,  or (iii) either (A)
                  consolidate,  merge into or with, or convey, transfer or lease
                  its assets  substantially  as an  entirety,  to any company or
                  other entity, or (B) amend,  alter or repeal the provisions of
                  the Company's Declaration of Trust (including this Designating
                  Resolution) or By-laws,  whether by merger,  consolidation  or
                  otherwise,  in each case that would  materially  and adversely
                  affect the powers, special rights, preferences,  privileges or
                  voting  power of the Series C Preferred  Shares or the holders
                  thereof;   PROVIDED,   HOWEVER,   that  with  respect  to  the
                  occurrence  of a merger,  consolidation  or a sale or lease of
                  all of the Company's assets as an entirety, so long as (a) the
                  Company is the  surviving  entity  and the Series C  Preferred
                  Shares remains  outstanding with the terms thereof  unchanged,
                  or (b) the  resulting,  surviving  or  transferee  entity is a
                  corporation or real estate  investment  trust  organized under
                  the laws of any state and  substitutes  the Series C Preferred
                  Shares for other  preferred  shares having  substantially  the
                  same terms and same rights as the Series C  Preferred  Shares,
                  including  with respect to  distributions,  voting  rights and
                  rights upon liquidation,  dissolution or winding-up,  then the
                  consent of the holders of the Series C Preferred  Shares shall
                  not be required with respect thereto and the occurrence of any
                  such event  shall not be deemed to  materially  and  adversely
                  affect such rights, privileges or voting powers of the holders
                  of the Series C Preferred Shares and provided further that any
                  increase in the amount of authorized  Preferred  Shares or the
                  creation or issuance of any other class or series of Preferred
                  Shares,  or any increase in an amount of authorized  shares of
                  each class or series,  in each case ranking  either (a) junior
                  to the Series C Preferred  Shares  with  respect to payment of
                  distributions and the distribution of assets upon liquidation,
                  dissolution or winding-up,  or (b) on a parity with the Series
                  C Preferred Shares with respect to payment of distributions or
                  the  distribution of assets upon  liquidation,  dissolution or
                  winding-up to the extent such  Preferred  Shares is not issued
                  to an  affiliate  of  the  Company,  shall  not be  deemed  to
                  materially  and  adversely  affect such  rights,  preferences,
                  privileges or voting powers.

                  SECTION 7.  NO CONVERSION RIGHTS.  The holders of the Series C
         Preferred Shares shall not  have any rights to convert such shares into
         shares  of any  other  class  or series  of  stock  or  into  any other
         securities of, or interest in, the Company.

<PAGE>    34

                  SECTION 8.  NO  SINKING  FUND.   No  sinking  fund   shall  be
         established  for the retirement  or redemption  of  Series C  Preferred
         Shares.

                  SECTION 9.  NO  PREEMPTIVE  RIGHTS.  No holder of the Series C
         Preferred  Shares  of the  Company  shall,  as such  holder,  have  any
         preemptive rights to purchase or subscribe for additional shares of the
         Company  or any other  security  of the  Company  which it may issue or
         sell.

                  SECTION 10. DECLARATION  OF  TRUST -  ARTICLE   THIRTEEN.  The
         Series C  Preferred  Shares are deemed to be "Shares"  for  purposes of
         Article Thirteen of the Declaration of Trust;  PROVIDED,  HOWEVER, that
         in no event shall the  provisions  contained in such  Article  Thirteen
         (including,  without  limitation,  subparagraph  (d) thereof) limit any
         obligations  of the  Company  or  rights  of the  holders  of  Series C
         Preferred Shares pursuant to this Designating Resolution.

 RATIFICATION AND AUTHORIZATION

     RESOLVED,  that any and all acts and deeds of any officer or Trust  Manager
of the company  taken  prior to the date  hereof on behalf of the  Company  with
regard to the foregoing resolutions are hereby approved,  ratified and confirmed
in all respects as and for the acts and deeds of the Company.

     FURTHER  RESOLVED,  that the  officers  of the Company be, and each of them
hereby is,  severally and without the necessity for joinder of any other person,
authorized,  empowered  and  directed  to execute  and  deliver any and all such
further documents and instruments and to do and perform any and all such further
acts and deeds that may be necessary or  advisable to  effectuate  and carry out
the  purposes  and  intents of the  foregoing  resolutions,  including,  but not
limited to, the filing of a statement  with the County  Clerk of Harris  County,
Texas,  setting forth the designations,  preferences,  limitations and rights of
Series C Preferred  Shares pursuant to Section 3.30 of TREITA,  all such actions
to be performed in such manner,  and all such  documents and  instruments  to be
executed and delivered in such form, as the officer  performing or executing the
same shall approve,  the performance or execution  thereof by such officer to be
conclusive  evidence of the approval thereof by such officer and by the Board of
Trust Managers.<PAGE>    35
                                                                    EXHIBIT 4.12
                                    FORM OF
                   FIRST AMENDMENT TO STATEMENT OF DESIGNATION
                                       OF
                    SERIES C CUMULATIVE REDEEMABLE PERPETUAL
                                PREFERRED SHARES
                                       OF
                               BENEFICIAL INTEREST
                                       OF
                              CAMDEN PROPERTY TRUST

                                   ARTICLE ONE

     CAMDEN  PROPERTY  TRUST (the  "COMPANY"),  pursuant  to the  provisions  of
Section 3.30 of the Texas Real Estate  Investment  Trust Act (the "TREITA"),  on
August 13, 1999, adopted a Statement of Designation of 8.25% Series C Cumulative
Redeemable Perpetual Preferred Shares of Beneficial Interest of the Company (the
"INITIAL  STATEMENT")  prior  to the  issuance  of  shares  of  8.25%  Series  C
Cumulative  Redeemable Perpetual Preferred Shares of Beneficial  Interest,  such
series of unissued  shares having been  established by a resolution duly adopted
by all  necessary  action  on the  part of the  Company  and the  Board of Trust
Managers,  as provided for in the Amended and Restated Declaration of Trust (the
"DECLARATION  OF TRUST").  The Company  hereby  amends the Initial  Statement to
increase the number of shares of 8.25% Series C Cumulative  Redeemable Perpetual
Preferred  Shares of  Beneficial  Interest  designated  pursuant  to the Initial
Statement.

                                   ARTICLE TWO

     The name of the Company is Camden Property Trust.
                                  ARTICLE THREE

     Pursuant to the authority conferred upon the Board of Trust Managers by the
Declaration  of  Trust  and  Section  3.30 of the  TREITA,  the  Board  of Trust
Managers,  pursuant  to  Section  10.20  of the  TREITA,  adopted  a  resolution
increasing  the  authorized  number  of  8.25%  Series C  Cumulative  Redeemable
Perpetual  Preferred Shares of Beneficial  Interest of the Company, as set forth
in the true and correct copy of the resolution attached hereto AS EXHIBIT A (the
"DESIGNATING RESOLUTION").

                                  ARTICLE FOUR

     The Designating Resolution was adopted effective as of September 7, 1999.

                                  ARTICLE FIVE

     The Designating  Resolution was duly adopted by all necessary action on the
part of the Company.

<PAGE>    36

     IN  WITNESS  WHEREOF,  the  undersigned  officer  has  executed  this First
Amendment to Statement of Designation effective as of September 7, 1999.

                                   CAMDEN PROPERTY TRUST

                                   By:__________________________________________
                                        Name:
                                        Title:

                                   Notary Public, State of Texas

                                   Printed Name of Notary

                                   My Commission Expires:

<PAGE>    37

                                    EXHIBIT A

                             DESIGNATING RESOLUTION
                             BOARD OF TRUST MANAGERS
                              CAMDEN PROPERTY TRUST

                                SEPTEMBER 7, 1999

                 AUTHORIZATION OF ADDITIONAL SERIES C CUMULATIVE
               CONVERTIBLE PREFERRED SHARES OF BENEFICIAL INTEREST

     WHEREAS,  the  Board  of Trust  Managers  of  Camden  Property  Trust  (the
"COMPANY")  has  established a series of preferred  shares  designated as "8.25%
Series  C  Cumulative   Redeemable  Perpetual  Preferred  Shares  of  Beneficial
Interest" (the "SERIES C PREFERRED SHARES") pursuant to that certain Designating
Resolution adopted effective as of August 13, 1999; and

     WHEREAS,  the  Board  of Trust  Managers  has  deemed  it to be in the best
interests  of the Company and its  shareholders  for the Company to increase the
number of authorized Series C Preferred Shares pursuant to the authority granted
to the Board of Trust Managers in the Amended and Restated  Declaration of Trust
(the "DECLARATION OF TRUST") of the Company.

     NOW, THEREFORE,  BE IT RESOLVED,  that, pursuant to the authority vested in
the Board of Trust Managers by the Declaration of Trust, the aggregate number of
shares of Beneficial Interest of Series C Preferred Shares shall be 1,420,000.

     FURTHER  RESOLVED,  that any and all acts and deeds of any officer or Trust
Manager of the  company  taken prior to the date hereof on behalf of the Company
with regard to the  foregoing  resolutions  are hereby  approved,  ratified  and
confirmed in all respects as and for the acts and deeds of the Company.

     FURTHER  RESOLVED,  that the  officers  of the Company be, and each of them
hereby is,  severally and without the necessity for joinder of any other person,
authorized,  empowered  and  directed  to execute  and  deliver any and all such
further documents and instruments and to do and perform any and all such further
acts and deeds that may be necessary or  advisable to  effectuate  and carry out
the  purposes  and  intents of the  foregoing  resolutions,  including,  but not
limited to, the filing of a statement  with the County  Clerk of Harris  County,
Texas,  amending the designation of Series C Preferred Shares  established as of
August 13,  1999,  pursuant to Section  3.30 of TREITA,  all such  actions to be
performed in such manner,  and all such documents and instruments to be executed
and  delivered in such form,  as the officer  performing  or executing  the same
shall  approve,  the  performance  or  execution  thereof by such  officer to be
conclusive  evidence of the approval thereof by such officer and by the Board of
Trust Managers.

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