08-25-99 La Porte Reinvestment Zone Number One

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'"1 J'. TABLE OF CONTENTS ARTICLE I PU RPOSES....................................................................................................................................... 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. Director's Reliance on Consultant Information ...........................................................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. Officer's Reliance on Consultant Information ............................................................. 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-e~clusivity 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. Conflicts of Interest...................................................................................... 11 Section 3. Acceptance of Gifts ..................................................................................... 12 Section 4. Bribery...... .............................................................................................. ...... 12 Section 5. Nepotism.................. ................... ........... ..... .... .............. ......... ........... ........... 13 ARTICLE VIII AMENDMENTS ... ..... .................... ................ ....................... ...................................... ..... ... ......... 13