13 - PEDC Plan of Work FY 2022-2023

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ARTICLE IV BOAR1) OF DIRECTORS Section 4.0.1 Board. The business and affairs of the Corporation. and all corporate powers shall be exercised lby or under authority of the Board, appointed by and serving at the pleasure of the governing beady of the City and subject to the applicalille lin.iftations imposed by theTexas Non Profit Corporation Act, the r 1'exas Business Corporaflon Act, the Texas Developmera Corporation Act of 1979, the Articles of Incorporation:, and these Bylaws. 'rhe Board may, by contract authorized by Board resolutk..)n:, give general, limited or special power and authority to Directors of the (.'orlioiration to transact the generall business of the Corporation or transact any special business of the Corporation, and may give powers of attorney to Directors of the Corl�oration authorized by Board resolution to transact any special business rLquiring such. authorization, Section 4.02 Number and Qualifications., The authorized rmynber of Directors of this Board shall be seven (7). The City shall appoint the Directors oil' the Corporation, Ea.c1ii 111pirector shall be a. bona fide These resident and shall. reside within 11'...,amair Caunty, Texas rhese seven. Directors shall constitute the Governing Body of the Pa.ris Economic Developrnent Cotporation. The City shall consider an individual's experience, accomplisIhments, and educational background in appointing mernbea's to the Board. No former or sitting member of the City Council shall be eligible for appointment to the Board until they have ceased ((,:) serve on City's Council for a peiriod of at least one (1 ) year. Section 4.03 General Duties of the Board. Tire Board is hereby required to perfonyi the flollowing dutiesu 1. The Board shall vote on afl matters corning bef(,:)re the Board for action, 2. Th.e Board shall develop an overalll economic development plan for the City which shall include and set forth both lorig and short term goals wNch the board deems necessary to accomplish compliance with its overall econornic developmellt plan. Such plan shall be , a.)pir l- � 0 ved by the 011y. 3, The Board shall review and update its overall econornic development: plan by June 30 of each year to ensure that said plan is up to date with the current econornic climate and is capable of nneeting Paris' currerift economic development needs, 4. The Board shall develop an annual plan of work outlining the activities, tasks, projects, and programs to be undertaken by the Board during the upcoming fiscal year. The annual plan of work shall be submitted with the annual budget as outlined in Section 8.03 of these Bylaws. BYLAWS -PARIS ECONOMIC DEVELOPMENT CORPORATION Updated and Approved by the City Council on 7-11-2022