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HomeMy WebLinkAboutResolution - 032863G - Amendment To By-Laws Of Souteast Lubbock Development Corporation - 03_28_1963 RSL ?km �I Y _ l .. ' RESOLUTION WHEREAS, it has been brought to the attention of the City Commission that the �-- Board of Directors of Southeast Lubbock Development Corporation in a regular meeting has voted by a majority vote to amend Article VIII of the by-laws of said corporation, in accordance with the provisions of said by-laws; and, WHEREAS, the by-laws of said corporation provide that no amendment thereto shall become effective until the same has been approved by a written resolution + r passed by the City Commission of the City of Lubbock, Texas; and, WHEREAS, the Southeast Lubbock Development Corporation at the request of j the City Commission of the City of Lubbock has undertaken to carry out that certai housing project heretofore informally and unofficially known as the Weber Arms Project, said project being located in the Urban Renewal Area on approximately nineteen .(19) acres situated on or near Weber Avenue between 24th Street and Quirt Avenue; and, r WHEREAS, the City Commission of the City of Lubbock has found and is of the opinion that it is essential to the efficient management of this project that the said Southeast Lubbock Development Corporation membership remain as it is pre- sently constituted in order that extremely important work involved in this project may be expeditiously carried out; and, WHEREAS, the present membership of the Board of Directors of Southeast Lubbock Development Corporation will be changed by the replacing of four member each year under the provisions of Article VIII of the by-laws unless said by-laws ` are amended; and, ICE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK: THAT Article VIII of the by-laws of Southeast Lubbock Development Corporati n { be and the same is hereby amended to read as follows: " ARTICLE VIII. The Board of Directors shall be composed of twelve (12) members, each of whom shall be resident citizens of the City of Lubbock. The directors of said Board shall be appointed by the City Commission of the City of Lubbock and shall hold their office for a term of three (3) years except that four (4) of the members first selected shall hold office for terms of one (1) year, four I (4) members shall hold office for the terms of two years, and four (4) member shall hold office for the-terms of three (3) years, the term of each to be determined by lot; and thereafter their successors shall hold office for three (3) years and until their successors are appointed; provided, that effective the 28th day of March, 1963, the membership of the Board shall remain as consituted on such date until the expirabDn of one (1) year following the completion of that certain housing project located in the Urban Renewal Area, r 4 being approximately nineteen (19) acres situated on or near Weber Avenue between 24th Street and Quirt Avenue in the City of Lubbock, Lubbock County, �— Texas; subject to the filling of such vacancies as may occur as provided in 1, Article IX of the by-laws. " Approved and passed by the City Commission this 28thday of March , 19 CK F. STRONG, Mayor ATTEST; La enia Lowe, City Secretary-Treasurer i 6 t k I s (1 f i I s -