1996-073-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 15TH DAY OF NOVEMEBER 1993

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RESOLUTION NO. 96-073 WHEREAS, the City Council of the City of Paris did heretofore, on the 15th day of November, 1993, in Resolution No. 93-112, approve the Bylaws of the Paris Economic Development Corporation; and, WHEREAS, due to inconsistencies in the Bylaws with respect to the dates on which officers of the PEDC will be elected, it is deemed appropriate that Sections 5.01 and 6.02 of said Bylaws be amended; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that Sections 5.01 and 6.02 of the Bylaws of the Paris Economic Development Corporation be, and the same are hereby, amended so that the such shall read as follows: "5.01 Annual Meeting "There shall be held in June of each year an annual meeting of the Board of Directors, At the meeting, the annual work plan shall be considered and acted upon and such business as shall properly come before the meeting shall be transacted, including the adoption of the next year's proposed budget." "6.02 Selection of Officers "The initial President, Vice President and Secretary-Treasurer shall be elected by the BOARD and shall serve through July, 1994. On the expiration of the term of office of the original President, Vice President and Secretary- Treasurer, the BOARD shall select from among its Members individuals to hold such office. The term of office of the President, Vice President and Secretary-Treasurer shall always be for a period of one year from the date of selection by the BOARD, provided however, that the President, Vice President and Secretary-Treasurer continue to serve until the election of their successors. Officers shall be elected at the first regular meeting after July 20 of each year." PASSED AND ADOPTED this 15th day of July, 1996. E~~~/ ATTEST: Mattie Cunningham, City Clerk