R-1999-23-1 - Laserfiche WebLink

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. . RESOLUTION NO. 99- 23 - I A RESOLUTION AUTHORIZING THE CREATION OF THE CITY OF LA PORTE DEVELOPMENT CORPORATION UNDER SECTION 4B OF THE DEVELOPMENT CORPORATION ACT, ARTICLE 5190.6, V.A.T.S.; APPROVING THE CORPORATION' S ARTICLES OF INCORPORATION AND BYLAWS; APPOINTING THE INITIAL SEVEN MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION; AUTHORIZING THE CORPORATION TO ACT ON ITS BEHALF TO FURTHER THE PUBLIC PURPOSE TO UNDERTAKE THE PROJECTS AS DESCRIBED IN SECTION 4B OF ARTICLE 5190.6; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. The City Council of the City of La Porte authorizes the creation of the City of La Porte Development Corporation. Section 2. The City Council of the City of La Porte approves the Articles of Incorporation and Bylaws of the City of La Porte Development Corporation, in form attached hereto as Exhibit "A", incorporated by reference herein, and made a part hereof for all purposes. Section 3. The City Council of the City of La Porte hereby appoints the following named persons, all of whom are residents of the City of La Porte, and no more than four of whom are elected city officials or city employees, to serve as directors of the corporation without compensation, but with reimbursement for actual expenses. A director shall serve at the pleasure of the City Council for a term of two years; however, the City Council may vote to remove a director at any time without having to specify cause. The number of directors constituting the initial Board of Directors of the corporation is 7, and the names and addresses of the persons who are to serve as directors are: Chuck Engelkem, Jr. 3319 Gladwyne La Porte, TX 77571 Jerry Clarke 931 South Third La Porte, TX 77571