HomeMy WebLinkAboutRES 120815-G - Amend Articles GEDCOw
RESOLUTION OF ! OF OF
GEORGETOWN,! • i ADOPTING
AMENDMENT • THE ARTICLES OF ! ! !FOR THE
CORPORATION CREATED PURSUANT TO SECTION 4A OF THE
DEVELOPMENT !, ! •, OF 1979, i i AND THE
MAY 7,2005 ELECTION, CHANGING MEMBERSHIP REQUIREMENTS OF
THE BOARD OF DIRECTORS; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, on May 7, 2005, the voters of the City of Georgetown; Texas approved a proposition
relating to the adoption of a sales and use tax within the City for the promotion and
development of new and expanded business enterprises at the rate of one-eighth of one percent
to be used to reduce the property tax rate, as authorized by Section 4A of the Development
WHEREAS, the Original Articles of Incorporation for the "Georgetown Economic Development
Corporation" were approved by the City Council on June 30, 2005; and
WHEREAS, the City Council adopted Articles of Amendment to the Articles of Incorporation
on February 13, 2007; and
WHEREAS, on January 8, 2013, the City Council adopted Articles of Amendment to the Articles
of Incorporation relating to the number of members of the Board of Directors; and
WHEREAS, on December 8, 2015, the City Council considered amendments to the Articles of
Incorporation relating to the membership requirements for the Board of Directors; and
WHEREAS, the City Council approves the attached Articles of Amendment to the Articles of
Incorporation of the Georgetown Economic Development Corporation attached hereto as
"Exhibit A."
SECTION ONE. That the facts and recitations contained in the preamble of this resolution
are hereby found and declared to be true and correct, and are incorporated by reference herein
and expressly made a part hereof,, as if copied verbatim.
Resolution No. `'a) -O4 15 - G Page 1 of 2
GEDGO Articles of Amendm nt to the Articles of Incorporation
Date Approved 1 * ` m 3€31 5
SECTION TWO. That the Articles of Amendment to the Articles of Incorporation of the
Georgetown Economic Development Corporation (the "Corporation") that are attached hereto
as "Exhibit A," and which are incorporated herein by reference for all purposes as if set forth in
full, are hereby approved and adopted by majority vote of the governing body of the City of
Georgetown. All provisions of the Articles of Incorporation (as amended) that are in effect on
the date of this Resolution that are not amended by or in conflict with the Articles of
Amendment attached hereto as "Exhibit A" shall remain in full force and effect.
SECTION THREE. That the Mayor of the City Council of the City of Georgetown is authorized
to sign and file the Articles of Amendment of the Articles of Incorporation that are attached hereto
as "Exhibit A", with the Texas Secretary of State, and to take any other actions necessary to
establish and maintain the Corporation in good standing under the laws of the State of Texas and
the United States.
SECTION FOUR. The Mayor is hereby authorized to sign this Resolution and the City Secretary to
attest.
S r-1
PASSED AND APPROVED on the day of U(?C-4A1-,W 2015.
Shelley Nowli6g, City Secretary
APPROVED AS TO FORM:
141VANJON4 :11[911kTZ9B1y9=
By:
Dale Ross, Mayor
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Resolution No. I cA [7`131 S Page 2 of 2
GEDCO Articles of AmdMWt to the Articles of Incorporation
,
Date Approved 1 0Z -s