[HISTORY: Adopted by the City Commission of the City of Lapeer 2-27-1979 (Ch. 30 of the 1978 General
Ordinances). Amendments noted where applicable.]
A.
The application for permission to incorporate an economic development
corporation and the proposed Articles of Incorporation submitted to
the Lapeer City Commission on January 5, 1979, are hereby approved.
B.
The incorporation of the Economic Development Corporation of the
City of Lapeer is hereby approved.
A.
The Mayor shall appoint, with the advice and consent of the City
Commission, the members of the Board of Directors of the corporation.
B.
The Board of Directors shall consist of nine regular members, not
more than three of whom shall be officials or employees of the City.
C.
Of the directors first appointed, four shall be appointed for terms
of six years, one for five years, one for four years, one for three
years, one for two years and one for one year.
D.
Whenever the corporation shall undertake a project plan, two additional
directors shall be appointed who shall be representative of neighborhood
residents likely to be affected by that project plan. The terms of
such additional directors shall terminate upon the completion or abandonment
of the project plan for which they were appointed.
A.
The City Clerk shall file one copy of the chapter and the Articles
of Incorporation with the Lapeer County Clerk and one copy of each
shall also be filed with the Secretary of State.
B.
The City Clerk shall cause a copy of this chapter and a copy of the
Articles of Incorporation to be published in the Lapeer County Press.
