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RESOLUTION NO. 2013 -040 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS; <br />APPROVING AMENDMENTS TO THE BYLAWS OF THE PARIS ECONOMIC <br />DEVELOPMENT CORPORATION; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br />WHEREAS, on November 15, 1993, by Resolution No. 93 -112, the City Council of the <br />City of Paris approved the original Paris Economic Development Corporation Bylaws; and, <br />WHEREAS, Section 10.04 of the PEDC Bylaws provides for amendment of the Bylaws by <br />action of the PEDC Board and Paris City Council; and, <br />WHEREAS, it is deemed appropriate and in the best interest of the City of Paris and its <br />citizens that the Amended Bylaws of the Paris Economic Development Corporation be <br />approved. <br />WHEREAS, On August 13, 2013, the Paris Economic Development Corporation Board <br />voted unanimously to approve amendments to Sections 4.02, 4.05, 4.06 and 8.03 of the PEDC <br />Bylaws subject to final approval by the Paris City Council; and, <br />WHEREAS, On October 1, 2013, the Board of the Paris Economic Development <br />Corporation voted to amend Section 4.12 of the Bylaws subject to final approval by the Paris <br />City Council; and, <br />WHEREAS, it is deemed appropriate and in the best interest of the City of Paris and its <br />citizens that the Bylaws of the Paris Economic Development Corporation be amended as set <br />forth in Exhibit "A" attached hereto. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, THAT: <br />Section 1. The findings set out in the preamble to this resolution are hereby in all <br />things approved. <br />Section 2. Sections 4.02, 4.05, 4.06, 4.12 and 8.03 of the Bylaws of the Paris <br />Economic Development Corporation be and hereby are amended as set forth in Exhibit "A" <br />attached hereto and incorporated herein by reference. <br />Section 3. This resolution shall be effective immediately upon passage. <br />DULY PASSED AND APPROVED this 23rd d <br />