2024-022 - Approving Amendments to PEDC Bylaws

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Section 5.06 Waiver of Notice. The section applies to required notice to Directors only. Whenever any notice is required to be given to any Director of the Corporation under the provisions of the statutes, the Articles of incorporation, or these Bylaws, a waiver thereof in writing signed by the person or persons entitled to such notice, whether before or after the time stated in the notice_, shall be deemed equivalent to the giving of such notice. Section 5.07 Attendance as Kaiver. Attendance of Director at a meeting shall constitute a waiver of notice of such meeting. Section 5.08Attendance. Regular attendance of the Board meetings is required of all Directors. Persistent absences, after counseling of the board, may be considered as grounds for removal from the Board Pursuant to Section 4.11. SECTION VI OFFICERS Section 6.01 Officers of the Corporation. The elected officers of the Corporation shall be a Chairman, Vice, Chairman and Secretary -Treasurer. The Board may resolve to elect one or more .Assistant Secretaries -Treasurers as it may consider desirable. Such officers shall have the authority and duties of office as provided in these By -Laws, the Articles of .incorporation, the Texas Development Corporation Act and the Texas Non -Profit Corporation Act. Section 6.02 Selection of Officers. The offices of Chairman, Vice Chairman, and Secretary - Treasurer shall be by nomination and majority vote of the Board. The term of office of the Chaim -Ian, Vice Chairman, and Secretary -Treasurer shall always be for a period of one ('1) year from the date of selection by the Board, provided however, that. the Chairman, Vice Chairman, and Secretary -Treasurer continue to serve until the election of their successors. Section 6.03 Vacancies. Vacancies in any office which occur by reason of death, resignation, disqualification, removal, or otherwise, may be filled by the Board for the unexpired portion of the term of that office, in the sarne manner as other officers are elected. Section 6.04 Officers'Authority and Duties. A. The Chairman shall be the presiding officer of the Board with the following authority: (1) Shall preside over all meetings of the Board. (2) Shall vote on all matters corning before the Board for action. (3) Shall have the authority, upon notice to the members of the Board, to call a special meeting of the 'Board when in his judgment such meeting is required. BYLAR'S -PARIS ECONOMIC DEVELOPMENT CORPORATION Updated and Approved by the City Council on 4-22-2024, PEDC Board on 3-19-2024