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<br />BYLA WS <br />OF <br />H-GAC ENERGY PURCHASING CORPORATION <br /> <br />ARTICLE 1 <br /> <br />NAME AND PURPOSE <br /> <br />1.1 Name. The name of the corporation is H-GAC Energy Purchasing <br /> <br />Corporation (the "Corporation"). <br /> <br />1.2 Purpose. The corporation is organized and shall be operated exclusively <br /> <br />to act as an agent to negotiate the purchase of electricity, or to likewise aid or act on <br /> <br />behalf of the political subdivisions for which the corporation was created, with respect to <br /> <br />their own electricity use for their respective public facilities and to undertake all other <br /> <br />lawful acts not prohibited to be undertaken by a political subdivision corporation <br /> <br />described in Tex. Loc. Gov't Code SS 303.001 et seq. <br /> <br />1.3 Offices. The Corporation may have, in addition to its registered office, <br /> <br />offices at such places, both with and without the State of Texas, as the Board of Directors <br /> <br />may from time to time determine or as the activities of the Corporation may require. <br /> <br />ARTICLE 2 <br /> <br />MEMBERS <br /> <br />2.1 Number, Powers and Duties. This Corporation shall have no voting <br /> <br />members. The Corporation's Board of Directors may by resolution, authorize the <br /> <br />formation of an advisory panel to provide advice to the Corporation's Board of Directors. <br /> <br />The terms of appointment and government with respect to the advisory panel shall be <br /> <br />determined by the Board of Directors and may be set forth in resolutions authorizing the <br /> <br />formation of such panel. <br /> <br />BYLAWS <br /> <br />Page 1 of 11 <br />