08-25-99 La Porte Reinvestment Zone Number One

Browse Search

. .~ I'" EXHIBIT A ARTICLES OF INCORPORATION OF THE LA PORTE REDEVELOPMENT AUTHORITY We, the undersigned natural persons, each of whom is at least eighteen (18) years of age or more, and a resident and a qualified voter of the City of La Porte, Texas (the "City") and a citizen of the State of Texas, acting as incorporators of a corporation under the provisions of Subchapter D of Chapter 431, Texas Transportation Code (the "Act"), and Chapter 394, Vernon's Texas Codes Annotated, Texas Local Government Code (the "Local Government Code"), do hereby adopt the following Articles of Incorporation for such corporation: ARTICLE I The name of the corporation is LA PORTE REDEVELOPMENT AUTHORlTY (the " Authority"). ARTICLE II The Authority is a public non-profit corporation. ARTICLE III The period of duration of the Authority shall be perpetual. ARTICLE IV The Authority is organized for the purpose of aiding, assisting, and acting on behalf of the City in the performance of its governmental functions to promote the common good and general welfare of the area included in Reinvestment Zone Number One, City of La Porte, Texas (the "La Porte Reinvestment Zone") and neighboring areas, as more particularly described in City Ordinance No. 99-2..3.25 and Ordinance No. 99-215Q, and as the boundaries may be amended from time to time (the " Area"); to promote, develop, encourage and maintain housing, educational facilities, employment, commerce and economic development in the City. The Authority is further organized to aid, assist and act on behalf of the City and the Board of Directors of the La Porte Reinvestment Zone: (a) in the implementation of the Project Plan and a Financing Plan for the La Porte Reinvestment Zone and the preparation and implementation of amendments thereto; (b) in the development of a policy to finance development and redevelopment of residential, 1