20 - Amending the Bylaws of the Paris Economic Development Corporation

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WHEREAS, on November 15, 1993, by Resolution No. 93-112, the City Council of the City of Paris approved the original Paris Economic Development Corporation Bylaws; and WHEREAS, Section. 1.0.04 of the PEDC Bylaws provides that the Bylaws may at any time and from time to time be amended provided that the Board files with the City a written application approved by the affirmative vote of four (4) members of the voting members requesting that the City approve such amendment to the Bylaws, specifying in said application the amendment or the amendments to be made; ffuls �MINM M"-M--T05'-'-TMTN_M77-P7T discretion by adopting a resolution supported by the affirmative vote of no less than five (5) members of the City Council amending said Bylaws and by delivery of the Amended Bylaws to the Secretary -Treasurer of the Corporation; and WHEREAS, at its regular meeting on July 27,2020 City Council considered and approved the amendments to Section 4.02 of Exhibit A attached hereto and incorporated by reference as if fully set forth herein by a vote of —ayes to __ nays; and WHEREAS, it is deemed appropriate and in the best interest of the City of Paris and its citizens that the Bylaws of the Paris Economic Development Corporation be amended as set forth in Exhibit A attached hereto. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the Bylaws of the Paris Economic Development Section are hereby amended to read in their entirety to reflect the language contained in Exhibit A. Section 3. This resolution shall be effective immediately upon passage.