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City of Paris <br />Paris Tax Increment Financing Reinvestment Zone No. 1 1WatA of <br />Jit °� �6�'° t��,a <br />BYLAWS <br />ARTICLE I <br />POWERS AND PURPOSE <br />Section 1. FinancingDevelo pment or Redevelo ment in the Zone. In order to implement <br />the purposes for which Tax Increment Financing Reinvestment Zone No. 11 One, City of Paris, <br />Texas (the "Zone") was formed, as set forth in Ordinance No. 2019-045, dated November 11 5, <br />2019, creating the Zone, the City of Paris, Texas (the "City") may issue obligations to finance all <br />or part of the cost of implementing the "project plan" for the Zone as defined in the Tax <br />Increment Financing Act of the Tax Code, Chapter 311, Vernon's Texas Codes Annotated (the <br />"Act" <br />Section 2. Books and Records: Approval of Programs and Financial Statements. The <br />Board of Directors shall keep correct and complete books and records of account and shall also <br />keep minutes of its proceedings and the proceedings of committees having any of the authority of <br />the Board of Directors. All books and records of the Zone may be inspected by any director or <br />his agent or attorney for any proper purpose at any reasonable time; and at all times the City <br />Council and the City �� +i �i�, �� l di r,��ito F ��rr� will have access to the books and records of the <br />Zone. The City Council must approve all programs and expenditures for the Zone and annually <br />review any financial statements of the Zone. <br />ARTICLE II <br />BOARD OF DIRECTORS <br />Section 1. Powers Number, and Term of Office. The property and affairs of the Zone <br />shall be managed and controlled by the City Council based on the recommendations of the Board <br />of Directors of the Zone Board of Directors or "Board"), <br />subject to the restrictions imposed by law, the ordinance creating the Zone, and these <br />Bylaws. frrrr,r tiles (l��v,,lf rr, .,r®ai�� rP eie.�ru r,r� �a�u.( �. ii r,��&" I�wr'i sl """""44 Frit �r,r„ <br />lY, i 7) � iif 9�i i� 1 FI i��,_�J If �.+�) i �I P�k ll r��,_ i� � J I � { � is t i � � �, 4f (!' r,r '.11P kw FIf �PF T' <br />.' PyP h('IJr✓�f 4,�;°7�, �v,�'y J i(.� rv! ��,'�' �. eP) 4. wo! //. rr�W„ ��` E�— ��d�l,.�r�r��N/�i��i k`l.P', ,_I'r�rJs (r��F.t`r ��iiV,'vj��fC <br />,fir n r. 'rFrty <br />i <br />G- <br />