Loading...
Res 95-02 Appointing the Board of Directors of the Proposed Westlake Development CorporationRESOLUTION NO. A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS APPOINTING DIRECTORS TO THE BOARD OF DIRECTORS OF THE PROPOSED WESTLAKE DEVELOPMENT CORPORATION; AUTHORIZING THE TOWN ATTORNEY TO PREPARE ARTICLES OF INCORPORATION AND RELATED DOCUMENTS WITH REGARD TO THE WESTI,AKE DEVELOPMENT CORPORATION AND FILING THE ARTICLES WITH THE SECRETARY OF STATE; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the electorate of the Town of Westlake has approved the implementation of an additional one-half cent sales and use tax pursuant to the provisions of Section 4B of article 5190.6, the Development Corporation Act of 1979 (the "Act"); and WHEREAS, the Act requires that the additional sales and use tax be turned over to a development corporation for the purpose of spending such funds on any project approved pursuant to the provisions of the Act; and WHEREAS, the Act requires that seven individuals be named by the Board to the Board of Directors of a development corporation created by the Town; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDMU4EN OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That the following individuals are hereby appointed as the initial directors to.the Board of Directors of the Westlake Development Corporation: Scott Bradley Carl.-oll Huntress i- fr,ard DufLley Dale 7,ihite Bolam :;rthu-F Fred Helc Abe Bush, Jr. SECTION 2: That the Town Attorney is hereby directed to prepare the articles of incorporation for the Westlake Development Corporation and file the same with the Secretary of State's office, and to prepare the bylaws and any other organizational documents in connection with forming the Corporation. SECTION 3: That this resolution shall become effective upon its approval and passage. PASSED AND APPROVED ON THIS 12thDAY OF Jcile , 1995. SCOTT BRADLEY, MAYO TOWN OF WESTLAKE, TEXAS RESOLUTION NO. Page Two (2) ATT,EST : Carol Calliex, Deputy Town Secretary APPROVED AS TO FORM: Paul C. Isham, Town Attorney