2013-040 Revising Bylaws for the Paris Economic Development Corporation

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Bylaws Of Paris Economic Development Corporation A Non -Profit Corporation Paris, Texas ARTICLE I OFFICES Section 1.01 Registered Office and Registered Agent. The Paris Economic Development Corporation, hereinafter referred to as Corporation, shall have and continuously maintain in the State of Texas a registered office, and a registered agent whose office is identical with such registered office, as required by the Texas Non - Profit Corporation Act. The Board of Directors, hereinafter referred to as Board may, from time to time, with the approval of the City of Paris, Texas, hereinafter referred to as City, change the registered agent, or the address of the registered office, provided that such is appropriately reflected in these Bylaws and in the Articles of Incorporation. The registered office of the Corporation is located at 135 1St Street SE, Paris, Texas 75460, and at such address is the Corporation, whose mailing address is P.O. Box 9037, Paris, Texas 75461 -9037. Section 1.02 Principal Office. The principal office of the Corporation shall be located at 135 I St Street SE, City of Paris, County of Lamar, Texas. ARTICLE II PURPOSES Section 2.01 Purpose. The Corporation is a non -profit corporation specifically governed by the Texas Development Corporation Act of 1979, as amended. The purpose of the Corporation is to promote, assist, and enhance economic development as permitted by the Texas Development Corporation Act of 1979 and in accordance with these Bylaws. ARTICLE III MEMBERS Section 3.01 Members. The Corporation shall have no members. ARTICLE IV BOARD OF DIRECTORS Section 4.01 Board. The business and affairs of the Corporation and all corporate powers shall be exercised by or under authority of the Board, appointed by and serving at the pleasure of the governing body of the City and subject to the applicable limitations imposed by the Texas Non - Profit Corporation Act, the Texas Business Corporation Act, the Texas BYLAWS -PARIS ECONOMIC DEVELOPMENT CORPORATION Updated & Approved by City Council 10- 14 -13.