HomeMy WebLinkAboutRES 120815-H - Amending Articles GTECRESOLUTIONN
! 13Q'81541
RESOLUTIONOF ! OF OF
GEORGETOWN, TEXAS APPROVING AND ADOPTING ARTICLES OF
AMENDMENT ! THE ARTICLES OF !> !
CORPORATION CREATED PURSUANT TO SECTION 4B OF THE
DEVELOPMENT ! ! !. OF r r AND THE
MAY 5, 00ELECTION;
! ! :!• r OF DIRECTORS,; AND PROVIDING
EFFECTIVE DATE
relatingWHEREAS, on May 5, 2001, the voters of the City of Georgetown, Texas approved a proposition
to the adoption of a sales and use tax within the City at a rate of one-half of one percent
as authorized Section 4B of the Development Corporation Act of 1979, as amended (the "Act")
the proceeds thereof to be used and applied for project costs for streets, roads, drainage and
other transportation system improvements including the payment of maintenance and
operating expenses associated with such projects; and
WHEREAS, the Original Articles of Incorporation for the City of Georgetown development
corporation, originally named "Georgetown 4B, Inc.," were approved by the City on September
24, 1996; and
WHEREAS, the Articles of Amendment to the Articles of Incorporation of Georgetown 4B, Inc.
were approved and adopted by the City Council on July 13, 1999 changing the name of the
corporation to "Georgetown Enrichment Corporation;" and
WHEREAS, on October 9, 2001, the City Council approved additional Articles of Amendment to
change the name of the corporation to the Georgetown Transportation Enhancement
Corporation ("GTEC"); change the purpose to conform to the May 5, 2001 election; and change
the name and address of the registered agent;
WHEREAS, on June 30, 2005, the City Council approved additional Articles of Amendment to
change the name and address of the registered agent;
WHEREAS, on February 13, 2007, the City Council approved Articles of Amendment relating to
allowing holdovers for members of the board under certain circumstances and changing the
dates of commencement and ending of board member terms;
Resolution No. 1 ;)OSI S" Page 1 of 3
GTEC Articles of Amendme t to the Articles of Incorporation
Date Approved t .�L 1
WHEREAS, at its regular meeting 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 Articles of Amendment to the Articles of
Incorporation of the Georgetown Transportation Enhancement Corporation attached hereto as
"Exhibit A."
NOW THEREFORE BE IT RESOLVED:
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.
SECTION TWO. That the Articles of Amendment to the Articles of Incorporation of
Georgetown Transportation Enhancement Corporation (the "Corporation") that are attach
hereto as "Exhibit A," and which are incorporated herein by reference for all purposes as if s
forth in full, are hereby approved and adopted by majority vote of the governing body of
City of Georgetown. All provisions of the Articles of Incorporation (as amended) that are
e
s ffect on the date of this Resolution that are not amended by or in conflict with the Article I
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.
PASSED AND APPROVED on the <� day of U( -4-m-42015.
By:
Shelley Nowts City Secretar Dale Ross, Mayor
Resolution No. 1 Page 2 of 3
ETEC Articles of Arnewent Jo the Articles of Incorporation
Date Approved IQ I Q'S I '.;k 0 LS
Resolution No. Page 3 of 3
GTEC Articles of Amendment to the Articles of Incorporation
Date Avoroved