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<br />. <br /> <br />.0 <br /> <br />e. <br /> <br />e <br /> <br />e <br /> <br />ARTICLES OF INCORPORATION <br />OF THE <br />CITY OF LA PORTE <br />INDUSTRIAL DEVELOPMENT CORPORATION <br /> <br />We, the undersigned natural persons, each of whom is of the <br />age of eighteen years or more and a qualified elector of the City <br />of La Porte (the "unit"), acting as incorporators of a Corporation <br />under the Development Corporation Act of 1979, Article 5190.6, <br />Vernon's Annotated Texas Civil Statutes, as amended (the "Act"), <br />do hereby adopt the following Articles of Incorporation for such <br />Corporation: <br /> <br />ARTICLE I <br /> <br />The name of the Corporation is the CITY OF LA PORTE INDUSTRIAL <br />DEVELOPMENT CORPORATION. <br /> <br />ARTICLE II <br /> <br />The Corporat.ion is a nonprofit corporation. <br /> <br />ARTICLE III <br /> <br />The duration of the Corporation shall be perpetual. <br /> <br />ARTICLE IV <br /> <br />The Corporation is organized and may issue bonds on behalf <br />of the Unit for the specific pUblic purpos~ of the promotion and <br />development of commercial, industrial and manufacturing enter- <br />prises to promote and encourage employment and the public welfare. <br />.. <br /> <br />ARTICLE V <br /> <br />The Corporat.ion has no members and is a nonstock corporation. <br /> <br />ARTICLE VI <br /> <br />The Corporation's internal affairs shall be regulated by a <br />set of Bylaws, not inconsistent with the laws of this State, which <br />have been approved by the Cit~ Council of the Unit (the "Governing <br />Body"), under whose auspices the Corporation is created. <br /> <br />ARTICLE VII <br /> <br />The street address of the initial registered office of the <br />Corporation is 604 W. Fairmont parkway, La porte, Harris County, <br />Texas, and the name of its initial registered agent at such address <br />is Betty Waters. <br />