Articles of Incorporation and Bylaws of the La Porte Redevelopment Authority (2)

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e e TABLE OF CONTENTS ARTICLE I PURPOSES.................................................. .............. ........................................................... 1 ARTICLE II BOARD OF DIRECTORS .......... ....... ................................. ............... .................................... 2 Section 1. Appointment, Classes, Powers, Number, and Term of Office .............................2 Section 2. Meetings of Directors ......................................................................................... 3 Section 3. Annual Meetings .................... ..... ................. ........ ............... ...............................3 Section 4. Regular Meetings.............. ........ ........................... ............ ..................................3 Section 5. Special and Emergency Meetings....................................................................... 3 Section 6. Quorum............... .......... .......... ............. .......... ............... ............ ....... ........ ..........4 Section 7. Conduct of Business............ ....................... ................ .................... ...................4 Section 8. Executive Committee, Other Committees ...........................................................4 Section 9. Compensation of Directors ................................................................................. 5 Section 10. Directors Reliance on Consultant Infonnation.....................................................5 ARTICLE III OFFICERS ........................ .... ......... ........... ......................... ............ ............ ..................... ....5 Section 1. Titles and Term of Office .................................................................................... 5 Section 2. Powers and Duties of the Chairperson ............................................................... 5 Section 3. Powers and Duties of the Vice Chairperson........................................................6 Section 4. Powers and Duties of the President.. ........................................ .......................... 6 Section 5. Vice Presidents ................ ................................................................................... 6 Section 6. Treasurer .............. ................... ........................ ... .......... ........ .................... .... ..... 6 Section 7. Secretary ................................................................................. ..........................6 Section 8. Compensation.. ............. ...... ...................................... ..... ...................... .... ..........7 Section 9. Officers Reliance on Consultant Infonnation ......................................................7 ARTICLE IV MISCELLANEOUS PROVISIONS ....................................................................................... 7 Section 1. Fiscal Year and Audits ....................................................................................... 7 Section 2. Seal...................... ................... ........................... .......... ........... ..........................8 Section 3. Notice and Waiver of Notice ............................................................................... 8 Section 4. Resignations .................... .................................... .................. ............................8 Section 5. Gender........ .......... ......... ............. .......................... ........... .................................. 8 Section 6. Appropriations and Grants..... .......... ..... ........... ........... ..................... ...... ............. 8 ARTICLE V INDEMNIFICATION OF DIRECTORS AND OFFICERS ....................................................... 8 Section 1. Right to Indemnification...................................................................................... 8 Section 2. Advance Payment ........ ................ ........ .................. ......... ...................................9 Section 3. Indemnification of Employees and Agents .......................................................... 9 Section 4. Appearance as a Witness................................................................................... 9 Section 5. Non-exclusivity of Rights..... ............................................................................. 10 Section 6. Insurance .... ........ ....................... .................... .................................................. 10 Section 7. Notification.. ....... ................................................ .............................................. 10 Section 8. Savings Clause.. .............................................................................................. 10 ARTICLE VI PROVISIONS RELATING TO MINORITY CONTRACTING............................................... 10 ARTICLE VII CODE OF ETHICS ............................. ........... ............... ................. ............ ............ ........... 11 Section 1. Policy and Purposes ............................................................................11 Section 2. Connicts of Interest .............................................................................. 11 Section 3. Acceptance of Gifts ............................................................................. 12 Section 4. Bribery.................................. ............. ...................... ............................ 12 Section 5. Nepotism................. ........... .... .............. ............ ............. ... ... ........ ... ..... 13 ARTICLE VIII AMENDMENTS ............................. .......... .... .......... ............... ..................... ...................... 13