Laserfiche WebLink
Purchasing <br />5.05. Contracts for goods or services entered into by the Corporation and requiring the <br />expenditure of $50,000.00 or more shall be subject to competitive bidding and /or or <br />competitive proposal procedures as established in Chapter 252 of the Texas Local <br />Government Code, for municipal purchasing. <br />ARTICLE VI <br />BOOKS AND RECORDS <br />Required Books and Records <br />6.01. The Corporation shall maintain: <br />♦ Correct and complete books and records of account. <br />♦ The Corporation's books and records shall include a file endorsed copy of all <br />documents filed with the Texas Secretary of State relating to the Corporation, <br />including, but not limited to, the Articles of Incorporation, any articles of amendment, <br />restated articles, articles of merger, articles of consolidation, and statement of <br />change of registered office or agent. <br />♦ A copy of the bylaws and any amended versions or amendments to the bylaws. <br />♦ Minutes of the proceedings of the Board of Directors. <br />♦ A list of names and addresses of the directors and officers of the Corporation. <br />♦ A financial statement showing the assets, liabilities, and net worth of the Corporation <br />at the end of the three most recent fiscal years. <br />♦ A financial statement showing the income and expenses of the Corporation for the <br />three most recent fiscal years. <br />♦ All rulings, letters, and other documents relating to the Corporation's federal, state <br />and local tax status. <br />♦ The Corporation's federal, state and local information or income tax returns for each <br />of the Corporation's three most recent tax years. <br />♦ Annual budget which is approved by City Council. <br />Records Open to Public <br />6.02. The Corporation shall be considered a "governmental body" within the meaning <br />of the Texas Government Code, Sec. 552.003 and all records of the Corporation shall <br />be made available to the public for inspection or reproduction in accordance with the <br />requirements of the Texas Government Code, Chapter 552 (The Texas open Records <br />Act). <br />Audits <br />