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Section 10.02 Authorization. The Corporation shall carry out its program subject to its
<br />Articles of Incorporation, these Bylaws, and such resolutions as the Board may from time to time
<br />authorize.
<br />Section 10.03 Program. The program of the Corporation shall be to assist, stimulate,
<br />and enhance economic development in Paris, Texas, subject to applicable State and Federal law,
<br />these Bylaws, and the Articles of Incorporation.
<br />Section 10.04 Amendments to Bylaws. The Bylaws may at any time and from time to
<br />time be amended, provided that the Board files with the City a written application approved by
<br />the affirmative vote of four (4) or more members of the voting Board requesting that the City
<br />approve such amendment to these Bylaws, specifying in such application the amendment or
<br />amendments proposed to be made. If the City Council finds, bv resolution approved by an
<br />affirmative vote of five (5) or more members of the City Council that it is advisable to approve
<br />the Amended Bylaws, the Board shall proceed to amend these Bylaws as so approved.
<br />The Bylaws of the Corporation may also be amended independently at any time by the
<br />City Council by adopting a resolution supported by the affirmative vote of no less than five (5)
<br />members of the Citv Council amending said Bylaws and by delivery of the Amended Bylaws to
<br />the Secretary-Treasurer of the Corporation.
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<br />Section 10.05 Oath.
<br />The Directors of the Corporation shall take the following oath:
<br />"I, , do solemnly swear (or affirm), that I will faithfully
<br />execute the duties of the office of Director of the Paris Economic Development
<br />Corporation, Paris, Texas, and will to the best of my ability preserve, protect, and
<br />defend the Constitution and laws of the United States and of this State and of this
<br />City; and i furthermore solemnly swear (or affirm), that I have not directly nor
<br />indirectly paid, offered, or promised to pay, contributed, nor promised to
<br />contribute any money, or valuable thing or promised any public office or
<br />employment, as a reward for the giving or withholding of a vote at the election at
<br />which I was elected, or if the office is one of appointment, to secure my
<br />appointment, So help me God."
<br />SECTION XI
<br />INDEMNITY
<br />Section 11.01 Indemnity.
<br />BYLAWS-PARIS ECONOMIC DEVELOPMENT CORPORATION
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