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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM <br />Appropriation <br />Agenda Date Requested:1/21/13 <br />Source of Funds: <br />Requested By:TraciE. Leach <br />Account Number: <br />Department:CMO <br />Amount Budgeted: <br />Report:Resolution:Ordinance: <br />Amount Requested: <br />Excerpt of Development Corporation <br />Budgeted Item:YESNO <br />ExhibitBylaws <br /> <br />SUMMARY & RECOMMENDATION <br />Attached is the excerpt fromthe Bylaws of the Development Corporation. Article III addresses the <br />management of the corporation. The second paragraph of Article III, Section 3.02 reads, “The Board of <br />Directors shall appoint a President and Vice Presidentby October 1 of each year. The President shall be <br />the presiding officer for meetings and the Vice-President shall act in the President’s absence.” <br />The Board should consider appointing a President and Vice-President of the Board through October 1, <br /> <br />2012, or until successors shall have been duly appointed. <br />Action Required by La PorteDevelopment CorporationBoard: <br />Consider appointing a President and Vice-President as authorized by the Bylaws of the City of La Porte <br />Development Corporation. <br />Approved for La Porte Development Corporation Board Agenda <br />Corby D. Alexander, City ManagerDate <br /> <br />