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necessary to promote said new job creation. The Corporation (p^t*i^^ ^f
<br />i"°^ib'°' wi" be shall direct its focus primarily in the areas of:
<br />a. Business retention and expansion
<br />b. Formation of new business
<br />c. Business attraction
<br />6. The Board shall develop qualification parameters for the evaluation of economic
<br />development projects prior to accepting funding requests. These parameters for
<br />evaluating funding requests may be amended from time to time.
<br />7. The Corporation shall make an annual report to the City Council on or before February
<br />1 St of each year.
<br />8. ' The > >
<br />er-eise *he a„*h^-i*y ^f *h° B^^ra. The Board Pr-esiden Chairman may designate one
<br />or more committees of Directors, each consisting of two or more Directors. The
<br />committees may be formed to study certain proiects or proposals before the Board and to
<br />report their findings and/or recommendations back to the entire Board as directed bv the
<br />Board Chairman. ~r +he E°e^,,•:ve r,:~e^+^~
<br />Section 4.04 Implied Duties. The Board is authorized to do that which the Board deems
<br />desirable to accomplish any of the purposes or duties set out or alluded to in Section 4.03 of
<br />these Bylaws and in accordance with State law.
<br />Section 4.05 Tenure. The inrtia4 t ....s ef ~ ~ o n;,. o,.+,,,.~ s..~,.,~~w.. o +~,,.oo ~z~ ~ an
<br />
<br />, > >
<br />appointo,l 1.,, o.,,.L.o „f +l,o Tl;«o,.+„ sl,all ser-ve „toro +1,., /7\ vv~„,~~~.... ~o,,,,~;vo
<br />ccrv7-
<br />t2F3iiTr ie City sn"lr-upp^v?irc-thC'Dii@Et6I'-s-6f th2-CAi-pAr-ati6"•. TL,o .nl.o,- oF +L.o Tl;,.o..+.,,.s
<br />' ..o ,...o
<br />rL, 11 L,= - = !Gl` r`-'---' Af'+- +l,o ,,:-~;a1 -~o ~ F~ +1,o ,ro.. Tl' ~ertsl,.,ll so ~ « ~1,«00 !Zl .,o.,« s.
<br />7i1'[._-- c>>. c~~c~cc cn~nrrccc ivr ~au~~ i ~ ~au
<br />r,• +wa .~aa.w,. „a v • ~ a ~ ...J r•~.`Ji • ~ •_t T„~._J, The term of
<br />D'ZI'-v .,..t.t.va.~..~~... + .._D_o...,.. _ ~ "
<br />office for each Director shall be three (3) years and shall be limited to two (2) consecutive full
<br />terms. The number of Directors shall be five. The City shall appoint the Directors at the first
<br />City Council meeting in April of each year with all terms beginning on May 1 and ending on
<br />April 30 of each year. The City. Council may appoint new members to the Board to a shorter
<br />term (less than 3years) as necessary to ensure stagjZered terms on the Board
<br />Section 4.06 Vacancies. Any vacancy occurring on the Board shall be filled by
<br />appointment by the City Council to the unexpired term of the vacated position.
<br />Section 9.07 Quorum. A majority of the ~ voting members of the Board shall
<br />constitute a quorum. The act or vote of a majority of the appoinled and votinp, Directors present
<br />at a meeting at which a quorum is present shall be the act or vote of the Board unless the act or
<br />votes of a greater number is required by the Bylaws.
<br />BYLAWS-PARIS ECONOMIC DEVELOPMENT CORPORAT[ON
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