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R-1998-10-01RESOLUTION NO. 1998-10-01(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, APPROVING AN AMENDMENT TO THE BYLAWS OF THE ALLEN COMMUNITY DEVELOPMENT CORPORATION; PROVIDING A REPEALING CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, at a regularly scheduled meeting of the Board of Directors of the Allen Community Development Corporation, with a quorum of said Board in attendance, it was determined that it was in the best interest of the City to amend Article 11, Section 1 of the Bylaws of the Allen Community Development Corporation to allow directors to serve not more than three (3) consecutive terms; and, WHEREAS, the City Council of the City of Allen has determined that it is in the best interest of the City that no Director of the Allen Community Development Corporation shall serve more than three (3) consecutive terns, excluding the initial term set forth in the Articles of Incorporation of the Allen Community Development Corporation. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, THAT: SECTION 1: The proposed amendment to Article B, Section 1 of the Bylaws of the Allen Community Development Corporation approved by the Allen Community Development Corporation Board of ' Directors on the ISu day of October, 2001 be and the same,s hereby approved. SECTION 2: Resolutions of the City of Allen, Collin County, Texas, in conflict with the provisions of this resolution be, and the same are hereby, repealed; provided, however that all other provisions of said resolutions not in conflict with the provisions of this resolution shall remain in full force and effect. SECTION 3: This resolution shall become effective immediately upon its passage. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE 18th DAY OF OCTOBER, 2001. APPROVE S ephen TiFir,11, MAYOR ATTEST: J dff y M6#rison, CMC/AAE, CITY SECRETARY