Laserfiche WebLink
ARTICLE VIII <br />Any Sponsoring Political Subdivision may, upon its own <br />resolution, decline to participate in any residential development <br />program, insofar as that program affects the Sponsoring Political <br />Subdivision. No Sponsoring Political Subdivision, however, may <br />affect the access of any other Sponsoring Political Subdivision <br />to any residential development program. <br />ARTICLE IX <br />For the purposes of the public approval requirement <br />imposed on the issuance of industrial development bonds by Sec- <br />tion 103(k) of the Internal Revenue Code of 1954, as amended, <br />bonds issued by the Corporation shall be deemed to be issued only <br />on behalf of the Sponsoring Political Subdivision in which the <br />residential development, development costs of which are to be <br />defrayed, in whole or in part, by the bonds, is physically lo- <br />cated. <br />ARTICLE X <br />The Corporation shall have no members. <br />ARTICLE XI <br />The street address of the registered <br />Corporation is 805 Nazro Street, Baytown, Texas <br />name of its registered agent at such address <br />Eiland, Jr. <br />ARTICLE XII <br />office of the <br />77520, and the <br />is William N. <br />The present board of directors consists of fifteen (15) <br />members. The names and addresses of the persons who currently <br />serve as directors of the Corporation are as follows: <br />O. J. Howell L. H. McKey <br />14 East Cleveland Street 10430 Collingswood <br />Baytown, Texas 77520 La Porte, Texas 77571 <br />John C. Neal <br />3219 Burke Road <br />Pasadena, Texas 77504 <br />0 -3- <br />I. J. Irvin, Jr. <br />225 N. Richmond Road <br />Wharton, Texas 77488 <br />