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<br />We, the undersigned natural persons, each of whom is of the
<br />age of eighteen (1.8) ]rears or more, and a qualified elector of the
<br />City of La Porte (thE! "Unit"), actinq as the incorporators of a
<br />corporation under the Development Corporation Act of 1.979, Article
<br />5190.6, Section 4B, Vernon's Annotated Texas Civil Statutes, as
<br />amended (the "Act..), do hereby adopt the following Articles of
<br />Incorporation for SUcll corporation:
<br />
<br />AR1nCLES OF INCORPORATION
<br />. OF THE
<br />CIlY OF LA PORTE
<br />DS'ELOPMENT CORPORAnON
<br />
<br />In ~he ~~eD
<br />~!'Jry' or /;/~e C,! t..
<br />...tilte Of I if}
<br />J . ;.~
<br />UL 2 2 1999
<br />Co,....
<br />. ....o~'o .
<br />4011 t?:s
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<br />UTICLB I
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<br />The name of the c:orporation is "CITY OF LA PORTE DEVELOPMENT
<br />CORPORATION" .
<br />
<br />UTI:CLB II
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<br />The corporation is a nonprofit corporation.
<br />
<br />UTI:CLB III:
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<br />The duration of the corporation shall be perpetual.
<br />
<br />, UTICLB IV
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<br />The corporation if; organized under, and shall be qoverned by,
<br />the Development corporation Act of 1979, Article 5190.6, Section
<br />4B, Vernons Annotated Texas Civil St'atutes, as amended (the "Act"),
<br />and may issue bonds on behalf of the Unit for the specific public
<br />purpose to undertake projects as described in section 4B of Article
<br />5190.6, including but not limited to projects for the promotion of
<br />amateur athletics and sports including ball parks, auditoriums,
<br />projects related to entertainment, convention, tourist, and
<br />exhibition facilities, amphitheaters, concert halls, and public
<br />parks, park facili ties and events, open space improvements,
<br />learninq centers, municipal buildinqs, museums and related stores,
<br />,res~aurant, concession, and automobile parkinq facilities, related
<br />. area transportation facilities, and related roads, streets, and
<br />water and sewer facili 1:ies, recycling facilities and proj ects to
<br />promote new or expandled business enterprises includinq public
<br />safety facilities, streets and roads, drainaqe, and related
<br />improvements , demolition of existinq structures, and qeneral
<br />improvements that are municipally owned, development and expansion
<br />of affordable housing, as well as any other improvements or
<br />facilities that are related to any of the above projects and any
<br />other proj ect that the board determines will promote new or
<br />expanded business ente~9rises, and the maintenance and operations
<br />expenses for any of the above described projects.
<br />
<br />UTICLB V
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<br />The corporation hasl no members and is a nonstock corporation. Y-
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