HomeMy WebLinkAboutResolution - 022863B - Adoption Of Amendments To SE LBK Development Corporation By-Laws - 02_28_1963 1RSL:lkm
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RESOLUTION
WHEREAS, the Southeast Lubbock Development Board and the Southeast
Lubbock Development Corporation have heretofore been limited by the by-laws
of said corporation to the sale of lots in Manhattan Heights Addition to members
of the Colored race only, and
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WHEREAS, on November 20, 1962 the President of the United States issued
Executive Order No. 1.1063 prohibiting the discrimination in the sale of land to
be insured by any Federal agency on the basis of race, color, creed or national
origin, and
j WHEREAS, in order to comply with said Executive Order No. 11063 the
1 Board of Directors of Southeast Lubbock Development Corporation did on the
j21st day of February, 1963 b a majority vote and as provided b by-laws of
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{ said corporation, pass a resolution amending Article XIII and XIV of said by-law
so as to eliminate any reference to race in said by-laws, said Article XIII and
XIV thereby being amended to read as follows:
" ARTICLE XIII.
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The president or either of the vice presidents is empowered to
sell and convey, contract to sell and convey, and to execute releases
iE on full payment of moneys due on any real estate owned or to be owned
by the corporation; provided, however, that any conveyance for contract
to convey and real estate must be made for the purpose of using such
property to build a house for residence purposes and the entire consi-
deration paid or secured to be paid by a valid lien on the property, and
provided further that all contracts and deeds of conveyance must be
sealed with the seal of the corporation and attested by the secretary-
treasurer of the corporation. "
" ARTICLE XIV.
No profit shall ever be realized b an person in the operation
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of this corporation, and the secretary-treasurer shall pay over all
°j moneys coming into the hands of the corporhtion to the City of Lubbock
with the exception of such expenses as are reasonable and necessary
and are incurred as a result of the operations of the corporation in
selling real estate. "
and
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WHEREAS, the said by-laws of Southeast Lubbock Development Corporation
provide that aW amendment thereto shall, not become effective until the same has
been approved by a written resolution passed by the City Commission of the City
of Lubbock, Texas; NOW THEREFORE;
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
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THAT`the amendments to Article XIII and XIV of the by-laws of the
Southeast Lubbock Development Corporation adopted by the Board of Directors
of said corporation b resolution passed on the 21st day of February, 1963
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eliminating any reference to the requirement that the sale of lots in Manhattan
Heights be limited to members of the Colored race, by amending said Article
XIII and XIV of the said bylaws to read as quoted above, shall be and the same
are hereby approved by the City Commission of the City of Lubbock, Texas.
Y Y 28th Y February Passed b the City Commission this da of y } 1963.
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AC . STRUNG, May r
ATTEST-'
Rom Awr
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Laveni Lowe, City _ ecret ry-Treasurer
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