HomeMy WebLinkAboutResolution - 2006-R0222 - Amendment To Market Lubbock Economic Development Bylaws - 05/18/2006Resolution No. 2006-RO222
May 18, 2006
Item No. 2.1
RESOLUTION
WHEREAS, the City Council of the City of Lubbock, Texas has created Nonprofit
Corporation pursuant to the terms and provisions of the Texas Business Organizations
Code called Market Lubbock Economic Development Corporation (the "Corporation");
and
WHEREAS, the Corporation currently has five (5) members on its Board of Directors;
and
WHEREAS, the Corporation desires to amend its Bylaws and Articles of Incorporation to
increase the number of members on its Board of Directors to seven (7); and
WHEREAS, the City Council finds that such amendments to the Corporation's Bylaws
and Articles of Incorporation are beneficial to the citizens of the City of Lubbock; NOW
THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT THE City Council of the City of Lubbock does hereby approve the
amendment to the Market Lubbock Economic Development Corporation's Bylaws and
Articles of Incorporation to increase the number of members on its Board of Directors
from five (5) to seven (7).
Passed by the City Council this 18th day of 1
ATTEST:
Rebe ca Garza, City Secretary
APPRO ED AS TO CONTENT:
Rob Al so , e Director of Development Services
APPROVED A` SS�TO FORM,
Amy L. s li tant City Attorney
as/ccdocs/MLIBylaws Amend.res
5/9/06
AMENDMENT TO THE BYLAWS OF
MARKET LUBBOCK ECONOMIC DEVELOPMENT CORPORATION
Pursuant to the provisions of Article 22.102 of the Texas Business Organizations
Code, and Article Eleven of the Bylaws of Market Lubbock Economic Development
Corporation, d/b/a Market Lubbock, Inc. and d/b/a Visit Lubbock, Inc., the undersigned
Corporation adopts the following Articles of Amendment to its Bylaws, which amends the
first sentence only of Article 2.02, in order to increase the number of Directors of the
Corporation from five (5) to seven (7).
Section 2.02 is hereby amended, in order to increase the number of the Board from
five (5) to seven (7), so that Article 2.02 shall hereafter read as follows:
Number, Qualifications, and Tenure of Directors
2.02. The number of Directors shall be seven (7). Directors shall be residents of
the State of Texas and Lubbock County, Texas. The initial Directors shall serve as stated
in the Articles of Incorporation. Each subsequent Director shall serve for a term of two (2)
years. The terms of the Directors shall be staggered so that the terms of four (4) of the
Directors shall begin in even -numbered years and the terms of three (3) of the Directors
shall begin in odd -numbered years.
RESOLUTION
BE IT RESOLVED THAT THE BOARD OF DIRECTORS OF MARKET LUBBOCK
ECONOMIC DEVELOPMENT CORPORATION, d/b/a MARKET LUBBOCK, INC. AND
d/b/a VISIT LUBBOCK, INC.:
THAT the Board of Directors of Market Lubbock Economic Development
Corporation, d/b/a Market Lubbock, Inc. and d/b/a Visit Lubbock, Inc., has adopted the
foregoing Amendment to the Bylaws of the Corporation, which constitute and be a part of
this Resolution as fully copied herein in detail and shall be an Amendment to the Bylaws
of the Corporation, subject to action by the City Council of the City of Lubbock, within thirty
(30) days of notice of the adopted of the foregoing Amendment to the Bylaws of the
Corporation, and without any action within that thirty (30) days notice, then the foregoing
shall be and constitute Amendment to the Bylaws of the Corporation.
Passed by the Board of Directors the 140 day of , 2006.
DAVI() ALDflN, Chairman
ATTEST:
AAS.a- g, Z�Aj
SUSAN E. SNEAD, Secretary
JMc,J.Jvr/U:Amendment to the Bylawa.wpolMay 4, 2006
AMENDMENT TO THE BYLAWS
MARKET LUBBOCK, INC.
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